$66,300 Car Loan

What's the monthly payment on a $66,300 car?
$
$
%
Monthly payment = $1,204
Total yearly payments = $14,442
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,151
3.0% $1,174
4.0% $1,198
5.0% $1,221
6.0% $1,246
7.0% $1,270
8.0% $1,295
9.0% $1,320
10.0% $1,345
Payments by Amount Down
Down Monthly Payment
$0 $1,504
$2,000 $1,459
$5,000 $1,391
$8,000 $1,323
$10,000 $1,278
$15,000 $1,164
Payments by Loan Length
Length Payment
24 months $2,309
36 months $1,572
48 months $1,204
60 months $983
72 months $836
84 months $731

Can I afford a $66,300 car?

Is your salary enough to buy a $66,300 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 $66,300 vehicle, this would mean saving up $13,260.
  • 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 $66,300, you would need to make at least $165,750 per year.