$71,200 Car Loan

What's the monthly payment on a $71,200 car?
$
$
%
Monthly payment = $1,292
Total yearly payments = $15,510
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,236
3.0% $1,261
4.0% $1,286
5.0% $1,312
6.0% $1,338
7.0% $1,364
8.0% $1,391
9.0% $1,417
10.0% $1,445
Payments by Amount Down
Down Monthly Payment
$0 $1,616
$2,000 $1,570
$5,000 $1,502
$8,000 $1,434
$10,000 $1,389
$15,000 $1,275
Payments by Loan Length
Length Payment
24 months $2,480
36 months $1,688
48 months $1,292
60 months $1,055
72 months $898
84 months $785

Can I afford a $71,200 car?

Is your salary enough to buy a $71,200 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 $71,200 vehicle, this would mean saving up $14,240.
  • 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 $71,200, you would need to make at least $178,000 per year.