$69,000 Car Loan

What's the monthly payment on a $69,000 car?
$
$
%
Monthly payment = $1,253
Total yearly payments = $15,031
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,198
3.0% $1,222
4.0% $1,246
5.0% $1,271
6.0% $1,296
7.0% $1,322
8.0% $1,348
9.0% $1,374
10.0% $1,400
Payments by Amount Down
Down Monthly Payment
$0 $1,566
$2,000 $1,520
$5,000 $1,452
$8,000 $1,384
$10,000 $1,339
$15,000 $1,225
Payments by Loan Length
Length Payment
24 months $2,403
36 months $1,636
48 months $1,253
60 months $1,023
72 months $870
84 months $761

Can I afford a $69,000 car?

Is your salary enough to buy a $69,000 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 $69,000 vehicle, this would mean saving up $13,800.
  • 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 $69,000, you would need to make at least $172,500 per year.