$66,500 Car Loan

What's the monthly payment on a $66,500 car?
$
$
%
Monthly payment = $1,207
Total yearly payments = $14,486
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,154
3.0% $1,178
4.0% $1,201
5.0% $1,225
6.0% $1,249
7.0% $1,274
8.0% $1,299
9.0% $1,324
10.0% $1,349
Payments by Amount Down
Down Monthly Payment
$0 $1,509
$2,000 $1,464
$5,000 $1,396
$8,000 $1,327
$10,000 $1,282
$15,000 $1,169
Payments by Loan Length
Length Payment
24 months $2,316
36 months $1,577
48 months $1,207
60 months $986
72 months $838
84 months $733

Can I afford a $66,500 car?

Is your salary enough to buy a $66,500 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 $66,500 vehicle, this would mean saving up $13,300.
  • 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 $66,500, you would need to make at least $166,250 per year.