$74,000 Car Loan

What's the monthly payment on a $74,000 car?
$
$
%
Monthly payment = $1,343
Total yearly payments = $16,120
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,284
3.0% $1,310
4.0% $1,337
5.0% $1,363
6.0% $1,390
7.0% $1,418
8.0% $1,445
9.0% $1,473
10.0% $1,501
Payments by Amount Down
Down Monthly Payment
$0 $1,679
$2,000 $1,634
$5,000 $1,566
$8,000 $1,498
$10,000 $1,452
$15,000 $1,339
Payments by Loan Length
Length Payment
24 months $2,577
36 months $1,754
48 months $1,343
60 months $1,097
72 months $933
84 months $816

Can I afford a $74,000 car?

Is your salary enough to buy a $74,000 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 $74,000 vehicle, this would mean saving up $14,800.
  • 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 $74,000, you would need to make at least $185,000 per year.