$64,400 Car Loan

What's the monthly payment on a $64,400 car?
$
$
%
Monthly payment = $1,169
Total yearly payments = $14,029
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,118
3.0% $1,140
4.0% $1,163
5.0% $1,186
6.0% $1,210
7.0% $1,234
8.0% $1,258
9.0% $1,282
10.0% $1,307
Payments by Amount Down
Down Monthly Payment
$0 $1,461
$2,000 $1,416
$5,000 $1,348
$8,000 $1,280
$10,000 $1,234
$15,000 $1,121
Payments by Loan Length
Length Payment
24 months $2,243
36 months $1,527
48 months $1,169
60 months $955
72 months $812
84 months $710

Can I afford a $64,400 car?

Is your salary enough to buy a $64,400 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 $64,400 vehicle, this would mean saving up $12,880.
  • 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 $64,400, you would need to make at least $161,000 per year.