$66,200 Car Loan

What's the monthly payment on a $66,200 car?
$
$
%
Monthly payment = $1,202
Total yearly payments = $14,421
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,149
3.0% $1,172
4.0% $1,196
5.0% $1,220
6.0% $1,244
7.0% $1,268
8.0% $1,293
9.0% $1,318
10.0% $1,343
Payments by Amount Down
Down Monthly Payment
$0 $1,502
$2,000 $1,457
$5,000 $1,389
$8,000 $1,321
$10,000 $1,275
$15,000 $1,162
Payments by Loan Length
Length Payment
24 months $2,306
36 months $1,569
48 months $1,202
60 months $981
72 months $835
84 months $730

Can I afford a $66,200 car?

Is your salary enough to buy a $66,200 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 $66,200 vehicle, this would mean saving up $13,240.
  • 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 $66,200, you would need to make at least $165,500 per year.