$71,000 Car Loan

What's the monthly payment on a $71,000 car?
$
$
%
Monthly payment = $1,289
Total yearly payments = $15,466
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,232
3.0% $1,257
4.0% $1,282
5.0% $1,308
6.0% $1,334
7.0% $1,360
8.0% $1,387
9.0% $1,413
10.0% $1,441
Payments by Amount Down
Down Monthly Payment
$0 $1,611
$2,000 $1,566
$5,000 $1,498
$8,000 $1,430
$10,000 $1,384
$15,000 $1,271
Payments by Loan Length
Length Payment
24 months $2,473
36 months $1,683
48 months $1,289
60 months $1,052
72 months $895
84 months $783

Can I afford a $71,000 car?

Is your salary enough to buy a $71,000 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 $71,000 vehicle, this would mean saving up $14,200.
  • 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 $71,000, you would need to make at least $177,500 per year.