$72,700 Car Loan

What's the monthly payment on a $72,700 car?
$
$
%
Monthly payment = $1,320
Total yearly payments = $15,837
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,262
3.0% $1,287
4.0% $1,313
5.0% $1,339
6.0% $1,366
7.0% $1,393
8.0% $1,420
9.0% $1,447
10.0% $1,475
Payments by Amount Down
Down Monthly Payment
$0 $1,650
$2,000 $1,604
$5,000 $1,536
$8,000 $1,468
$10,000 $1,423
$15,000 $1,309
Payments by Loan Length
Length Payment
24 months $2,532
36 months $1,724
48 months $1,320
60 months $1,078
72 months $917
84 months $802

Can I afford a $72,700 car?

Is your salary enough to buy a $72,700 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 $72,700 vehicle, this would mean saving up $14,540.
  • 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 $72,700, you would need to make at least $181,750 per year.