$72,000 Car Loan

What's the monthly payment on a $72,000 car?
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%
Monthly payment = $1,307
Total yearly payments = $15,684
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,250
3.0% $1,275
4.0% $1,301
5.0% $1,326
6.0% $1,353
7.0% $1,379
8.0% $1,406
9.0% $1,433
10.0% $1,461
Payments by Amount Down
Down Monthly Payment
$0 $1,634
$2,000 $1,588
$5,000 $1,520
$8,000 $1,452
$10,000 $1,407
$15,000 $1,293
Payments by Loan Length
Length Payment
24 months $2,508
36 months $1,707
48 months $1,307
60 months $1,067
72 months $908
84 months $794

Can I afford a $72,000 car?

Is your salary enough to buy a $72,000 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 $72,000 vehicle, this would mean saving up $14,400.
  • 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 $72,000, you would need to make at least $180,000 per year.