$71,100 Car Loan

What's the monthly payment on a $71,100 car?
$
$
%
Monthly payment = $1,291
Total yearly payments = $15,488
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,234
3.0% $1,259
4.0% $1,284
5.0% $1,310
6.0% $1,336
7.0% $1,362
8.0% $1,389
9.0% $1,415
10.0% $1,443
Payments by Amount Down
Down Monthly Payment
$0 $1,613
$2,000 $1,568
$5,000 $1,500
$8,000 $1,432
$10,000 $1,386
$15,000 $1,273
Payments by Loan Length
Length Payment
24 months $2,476
36 months $1,686
48 months $1,291
60 months $1,054
72 months $896
84 months $784

Can I afford a $71,100 car?

Is your salary enough to buy a $71,100 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 $71,100 vehicle, this would mean saving up $14,220.
  • 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 $71,100, you would need to make at least $177,750 per year.