$68,900 Car Loan

What's the monthly payment on a $68,900 car?
$
$
%
Monthly payment = $1,251
Total yearly payments = $15,009
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,196
3.0% $1,220
4.0% $1,245
5.0% $1,269
6.0% $1,294
7.0% $1,320
8.0% $1,346
9.0% $1,372
10.0% $1,398
Payments by Amount Down
Down Monthly Payment
$0 $1,563
$2,000 $1,518
$5,000 $1,450
$8,000 $1,382
$10,000 $1,337
$15,000 $1,223
Payments by Loan Length
Length Payment
24 months $2,400
36 months $1,633
48 months $1,251
60 months $1,021
72 months $869
84 months $760

Can I afford a $68,900 car?

Is your salary enough to buy a $68,900 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 $68,900 vehicle, this would mean saving up $13,780.
  • 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 $68,900, you would need to make at least $172,250 per year.