$67,700 Car Loan

What's the monthly payment on a $67,700 car?
$
$
%
Monthly payment = $1,229
Total yearly payments = $14,747
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,175
3.0% $1,199
4.0% $1,223
5.0% $1,247
6.0% $1,272
7.0% $1,297
8.0% $1,322
9.0% $1,348
10.0% $1,374
Payments by Amount Down
Down Monthly Payment
$0 $1,536
$2,000 $1,491
$5,000 $1,423
$8,000 $1,355
$10,000 $1,309
$15,000 $1,196
Payments by Loan Length
Length Payment
24 months $2,358
36 months $1,605
48 months $1,229
60 months $1,004
72 months $854
84 months $747

Can I afford a $67,700 car?

Is your salary enough to buy a $67,700 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 $67,700 vehicle, this would mean saving up $13,540.
  • 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 $67,700, you would need to make at least $169,250 per year.