$71,700 Car Loan

What's the monthly payment on a $71,700 car?
$
$
%
Monthly payment = $1,302
Total yearly payments = $15,619
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,244
3.0% $1,270
4.0% $1,295
5.0% $1,321
6.0% $1,347
7.0% $1,374
8.0% $1,400
9.0% $1,427
10.0% $1,455
Payments by Amount Down
Down Monthly Payment
$0 $1,627
$2,000 $1,582
$5,000 $1,513
$8,000 $1,445
$10,000 $1,400
$15,000 $1,287
Payments by Loan Length
Length Payment
24 months $2,497
36 months $1,700
48 months $1,302
60 months $1,063
72 months $904
84 months $791

Can I afford a $71,700 car?

Is your salary enough to buy a $71,700 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 $71,700 vehicle, this would mean saving up $14,340.
  • 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 $71,700, you would need to make at least $179,250 per year.