$64,700 Car Loan

What's the monthly payment on a $64,700 car?
$
$
%
Monthly payment = $1,174
Total yearly payments = $14,094
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,123
3.0% $1,146
4.0% $1,169
5.0% $1,192
6.0% $1,216
7.0% $1,239
8.0% $1,264
9.0% $1,288
10.0% $1,313
Payments by Amount Down
Down Monthly Payment
$0 $1,468
$2,000 $1,423
$5,000 $1,355
$8,000 $1,287
$10,000 $1,241
$15,000 $1,128
Payments by Loan Length
Length Payment
24 months $2,253
36 months $1,534
48 months $1,174
60 months $959
72 months $816
84 months $713

Can I afford a $64,700 car?

Is your salary enough to buy a $64,700 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 $64,700 vehicle, this would mean saving up $12,940.
  • 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 $64,700, you would need to make at least $161,750 per year.