$70,400 Car Loan

What's the monthly payment on a $70,400 car?
$
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%
Monthly payment = $1,278
Total yearly payments = $15,336
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,222
3.0% $1,247
4.0% $1,272
5.0% $1,297
6.0% $1,323
7.0% $1,349
8.0% $1,375
9.0% $1,402
10.0% $1,428
Payments by Amount Down
Down Monthly Payment
$0 $1,597
$2,000 $1,552
$5,000 $1,484
$8,000 $1,416
$10,000 $1,371
$15,000 $1,257
Payments by Loan Length
Length Payment
24 months $2,452
36 months $1,669
48 months $1,278
60 months $1,044
72 months $888
84 months $776

Can I afford a $70,400 car?

Is your salary enough to buy a $70,400 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 $70,400 vehicle, this would mean saving up $14,080.
  • 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 $70,400, you would need to make at least $176,000 per year.