$66,600 Car Loan

What's the monthly payment on a $66,600 car?
$
$
%
Monthly payment = $1,209
Total yearly payments = $14,508
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,156
3.0% $1,179
4.0% $1,203
5.0% $1,227
6.0% $1,251
7.0% $1,276
8.0% $1,301
9.0% $1,326
10.0% $1,351
Payments by Amount Down
Down Monthly Payment
$0 $1,511
$2,000 $1,466
$5,000 $1,398
$8,000 $1,330
$10,000 $1,284
$15,000 $1,171
Payments by Loan Length
Length Payment
24 months $2,320
36 months $1,579
48 months $1,209
60 months $987
72 months $840
84 months $734

Can I afford a $66,600 car?

Is your salary enough to buy a $66,600 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 $66,600 vehicle, this would mean saving up $13,320.
  • 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 $66,600, you would need to make at least $166,500 per year.