$70,100 Car Loan

What's the monthly payment on a $70,100 car?
$
$
%
Monthly payment = $1,273
Total yearly payments = $15,270
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,217
3.0% $1,241
4.0% $1,266
5.0% $1,291
6.0% $1,317
7.0% $1,343
8.0% $1,369
9.0% $1,396
10.0% $1,422
Payments by Amount Down
Down Monthly Payment
$0 $1,591
$2,000 $1,545
$5,000 $1,477
$8,000 $1,409
$10,000 $1,364
$15,000 $1,250
Payments by Loan Length
Length Payment
24 months $2,442
36 months $1,662
48 months $1,273
60 months $1,039
72 months $884
84 months $773

Can I afford a $70,100 car?

Is your salary enough to buy a $70,100 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 $70,100 vehicle, this would mean saving up $14,020.
  • 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 $70,100, you would need to make at least $175,250 per year.