$64,300 Car Loan

What's the monthly payment on a $64,300 car?
$
$
%
Monthly payment = $1,167
Total yearly payments = $14,007
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,116
3.0% $1,139
4.0% $1,161
5.0% $1,185
6.0% $1,208
7.0% $1,232
8.0% $1,256
9.0% $1,280
10.0% $1,305
Payments by Amount Down
Down Monthly Payment
$0 $1,459
$2,000 $1,414
$5,000 $1,346
$8,000 $1,278
$10,000 $1,232
$15,000 $1,119
Payments by Loan Length
Length Payment
24 months $2,240
36 months $1,524
48 months $1,167
60 months $953
72 months $811
84 months $709

Can I afford a $64,300 car?

Is your salary enough to buy a $64,300 vehicle? A general rule of thumb for buying a car or truck is the 20 / 4 / 10 rule.

  • Make a down payment of at least 20% cash. For a $64,300 vehicle, this would mean saving up $12,860.
  • Pay back the loan in 4 years or less.
  • Don't spend more than 10% of your income on payments and insurance. Rough estimate: your annual income should be at least 2.5 times the purchase price. So to afford a car that costs $64,300, you would need to make at least $160,750 per year.