$67,500 Car Loan

What's the monthly payment on a $67,500 car?
$
$
%
Monthly payment = $1,225
Total yearly payments = $14,704
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,172
3.0% $1,195
4.0% $1,219
5.0% $1,244
6.0% $1,268
7.0% $1,293
8.0% $1,318
9.0% $1,344
10.0% $1,370
Payments by Amount Down
Down Monthly Payment
$0 $1,532
$2,000 $1,486
$5,000 $1,418
$8,000 $1,350
$10,000 $1,305
$15,000 $1,191
Payments by Loan Length
Length Payment
24 months $2,351
36 months $1,600
48 months $1,225
60 months $1,001
72 months $851
84 months $744

Can I afford a $67,500 car?

Is your salary enough to buy a $67,500 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 $67,500 vehicle, this would mean saving up $13,500.
  • 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 $67,500, you would need to make at least $168,750 per year.