$74,300 Car Loan

What's the monthly payment on a $74,300 car?
$
$
%
Monthly payment = $1,349
Total yearly payments = $16,185
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,290
3.0% $1,316
4.0% $1,342
5.0% $1,369
6.0% $1,396
7.0% $1,423
8.0% $1,451
9.0% $1,479
10.0% $1,508
Payments by Amount Down
Down Monthly Payment
$0 $1,686
$2,000 $1,641
$5,000 $1,572
$8,000 $1,504
$10,000 $1,459
$15,000 $1,346
Payments by Loan Length
Length Payment
24 months $2,588
36 months $1,762
48 months $1,349
60 months $1,101
72 months $937
84 months $819

Can I afford a $74,300 car?

Is your salary enough to buy a $74,300 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 $74,300 vehicle, this would mean saving up $14,860.
  • 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 $74,300, you would need to make at least $185,750 per year.