$72,200 Car Loan

What's the monthly payment on a $72,200 car?
$
$
%
Monthly payment = $1,311
Total yearly payments = $15,728
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,253
3.0% $1,278
4.0% $1,304
5.0% $1,330
6.0% $1,356
7.0% $1,383
8.0% $1,410
9.0% $1,437
10.0% $1,465
Payments by Amount Down
Down Monthly Payment
$0 $1,638
$2,000 $1,593
$5,000 $1,525
$8,000 $1,457
$10,000 $1,411
$15,000 $1,298
Payments by Loan Length
Length Payment
24 months $2,515
36 months $1,712
48 months $1,311
60 months $1,070
72 months $910
84 months $796

Can I afford a $72,200 car?

Is your salary enough to buy a $72,200 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 $72,200 vehicle, this would mean saving up $14,440.
  • 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 $72,200, you would need to make at least $180,500 per year.