$70,300 Car Loan

What's the monthly payment on a $70,300 car?
$
$
%
Monthly payment = $1,276
Total yearly payments = $15,314
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,220
3.0% $1,245
4.0% $1,270
5.0% $1,295
6.0% $1,321
7.0% $1,347
8.0% $1,373
9.0% $1,400
10.0% $1,426
Payments by Amount Down
Down Monthly Payment
$0 $1,595
$2,000 $1,550
$5,000 $1,482
$8,000 $1,414
$10,000 $1,368
$15,000 $1,255
Payments by Loan Length
Length Payment
24 months $2,448
36 months $1,667
48 months $1,276
60 months $1,042
72 months $886
84 months $775

Can I afford a $70,300 car?

Is your salary enough to buy a $70,300 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 $70,300 vehicle, this would mean saving up $14,060.
  • 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 $70,300, you would need to make at least $175,750 per year.