$72,500 Car Loan

What's the monthly payment on a $72,500 car?
$
$
%
Monthly payment = $1,316
Total yearly payments = $15,793
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,258
3.0% $1,284
4.0% $1,310
5.0% $1,336
6.0% $1,362
7.0% $1,389
8.0% $1,416
9.0% $1,443
10.0% $1,471
Payments by Amount Down
Down Monthly Payment
$0 $1,645
$2,000 $1,600
$5,000 $1,532
$8,000 $1,464
$10,000 $1,418
$15,000 $1,305
Payments by Loan Length
Length Payment
24 months $2,525
36 months $1,719
48 months $1,316
60 months $1,075
72 months $914
84 months $799

Can I afford a $72,500 car?

Is your salary enough to buy a $72,500 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 $72,500 vehicle, this would mean saving up $14,500.
  • 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 $72,500, you would need to make at least $181,250 per year.