$71,500 Car Loan

What's the monthly payment on a $71,500 car?
$
$
%
Monthly payment = $1,298
Total yearly payments = $15,575
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,241
3.0% $1,266
4.0% $1,292
5.0% $1,317
6.0% $1,343
7.0% $1,370
8.0% $1,396
9.0% $1,423
10.0% $1,451
Payments by Amount Down
Down Monthly Payment
$0 $1,622
$2,000 $1,577
$5,000 $1,509
$8,000 $1,441
$10,000 $1,396
$15,000 $1,282
Payments by Loan Length
Length Payment
24 months $2,490
36 months $1,695
48 months $1,298
60 months $1,060
72 months $901
84 months $788

Can I afford a $71,500 car?

Is your salary enough to buy a $71,500 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 $71,500 vehicle, this would mean saving up $14,300.
  • 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 $71,500, you would need to make at least $178,750 per year.