$74,200 Car Loan

What's the monthly payment on a $74,200 car?
$
$
%
Monthly payment = $1,347
Total yearly payments = $16,163
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,288
3.0% $1,314
4.0% $1,340
5.0% $1,367
6.0% $1,394
7.0% $1,421
8.0% $1,449
9.0% $1,477
10.0% $1,506
Payments by Amount Down
Down Monthly Payment
$0 $1,684
$2,000 $1,638
$5,000 $1,570
$8,000 $1,502
$10,000 $1,457
$15,000 $1,343
Payments by Loan Length
Length Payment
24 months $2,584
36 months $1,759
48 months $1,347
60 months $1,100
72 months $935
84 months $818

Can I afford a $74,200 car?

Is your salary enough to buy a $74,200 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 $74,200 vehicle, this would mean saving up $14,840.
  • 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 $74,200, you would need to make at least $185,500 per year.