$69,700 Car Loan

What's the monthly payment on a $69,700 car?
$
$
%
Monthly payment = $1,265
Total yearly payments = $15,183
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,210
3.0% $1,234
4.0% $1,259
5.0% $1,284
6.0% $1,310
7.0% $1,335
8.0% $1,361
9.0% $1,388
10.0% $1,414
Payments by Amount Down
Down Monthly Payment
$0 $1,582
$2,000 $1,536
$5,000 $1,468
$8,000 $1,400
$10,000 $1,355
$15,000 $1,241
Payments by Loan Length
Length Payment
24 months $2,428
36 months $1,652
48 months $1,265
60 months $1,033
72 months $879
84 months $769

Can I afford a $69,700 car?

Is your salary enough to buy a $69,700 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 $69,700 vehicle, this would mean saving up $13,940.
  • 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 $69,700, you would need to make at least $174,250 per year.