$69,900 Car Loan

What's the monthly payment on a $69,900 car?
$
$
%
Monthly payment = $1,269
Total yearly payments = $15,227
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,213
3.0% $1,238
4.0% $1,263
5.0% $1,288
6.0% $1,313
7.0% $1,339
8.0% $1,365
9.0% $1,392
10.0% $1,418
Payments by Amount Down
Down Monthly Payment
$0 $1,586
$2,000 $1,541
$5,000 $1,473
$8,000 $1,405
$10,000 $1,359
$15,000 $1,246
Payments by Loan Length
Length Payment
24 months $2,435
36 months $1,657
48 months $1,269
60 months $1,036
72 months $881
84 months $771

Can I afford a $69,900 car?

Is your salary enough to buy a $69,900 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 $69,900 vehicle, this would mean saving up $13,980.
  • 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 $69,900, you would need to make at least $174,750 per year.