$68,000 Car Loan

What's the monthly payment on a $68,000 car?
$
$
%
Monthly payment = $1,234
Total yearly payments = $14,813
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,180
3.0% $1,204
4.0% $1,228
5.0% $1,253
6.0% $1,278
7.0% $1,303
8.0% $1,328
9.0% $1,354
10.0% $1,380
Payments by Amount Down
Down Monthly Payment
$0 $1,543
$2,000 $1,498
$5,000 $1,430
$8,000 $1,361
$10,000 $1,316
$15,000 $1,203
Payments by Loan Length
Length Payment
24 months $2,368
36 months $1,612
48 months $1,234
60 months $1,008
72 months $857
84 months $750

Can I afford a $68,000 car?

Is your salary enough to buy a $68,000 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 $68,000 vehicle, this would mean saving up $13,600.
  • 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 $68,000, you would need to make at least $170,000 per year.