$68,400 Car Loan

What's the monthly payment on a $68,400 car?
$
$
%
Monthly payment = $1,242
Total yearly payments = $14,900
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,187
3.0% $1,211
4.0% $1,236
5.0% $1,260
6.0% $1,285
7.0% $1,310
8.0% $1,336
9.0% $1,362
10.0% $1,388
Payments by Amount Down
Down Monthly Payment
$0 $1,552
$2,000 $1,507
$5,000 $1,439
$8,000 $1,371
$10,000 $1,325
$15,000 $1,212
Payments by Loan Length
Length Payment
24 months $2,382
36 months $1,622
48 months $1,242
60 months $1,014
72 months $862
84 months $754

Can I afford a $68,400 car?

Is your salary enough to buy a $68,400 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 $68,400 vehicle, this would mean saving up $13,680.
  • 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 $68,400, you would need to make at least $171,000 per year.