$66,700 Car Loan

What's the monthly payment on a $66,700 car?
$
$
%
Monthly payment = $1,211
Total yearly payments = $14,530
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,158
3.0% $1,181
4.0% $1,205
5.0% $1,229
6.0% $1,253
7.0% $1,278
8.0% $1,303
9.0% $1,328
10.0% $1,353
Payments by Amount Down
Down Monthly Payment
$0 $1,513
$2,000 $1,468
$5,000 $1,400
$8,000 $1,332
$10,000 $1,287
$15,000 $1,173
Payments by Loan Length
Length Payment
24 months $2,323
36 months $1,581
48 months $1,211
60 months $989
72 months $841
84 months $736

Can I afford a $66,700 car?

Is your salary enough to buy a $66,700 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 $66,700 vehicle, this would mean saving up $13,340.
  • 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 $66,700, you would need to make at least $166,750 per year.