$72,300 Car Loan

What's the monthly payment on a $72,300 car?
$
$
%
Monthly payment = $1,312
Total yearly payments = $15,749
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,255
3.0% $1,280
4.0% $1,306
5.0% $1,332
6.0% $1,358
7.0% $1,385
8.0% $1,412
9.0% $1,439
10.0% $1,467
Payments by Amount Down
Down Monthly Payment
$0 $1,641
$2,000 $1,595
$5,000 $1,527
$8,000 $1,459
$10,000 $1,414
$15,000 $1,300
Payments by Loan Length
Length Payment
24 months $2,518
36 months $1,714
48 months $1,312
60 months $1,072
72 months $912
84 months $797

Can I afford a $72,300 car?

Is your salary enough to buy a $72,300 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 $72,300 vehicle, this would mean saving up $14,460.
  • 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 $72,300, you would need to make at least $180,750 per year.