$74,400 Car Loan

What's the monthly payment on a $74,400 car?
$
$
%
Monthly payment = $1,351
Total yearly payments = $16,207
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,291
3.0% $1,317
4.0% $1,344
5.0% $1,371
6.0% $1,398
7.0% $1,425
8.0% $1,453
9.0% $1,481
10.0% $1,510
Payments by Amount Down
Down Monthly Payment
$0 $1,688
$2,000 $1,643
$5,000 $1,575
$8,000 $1,507
$10,000 $1,461
$15,000 $1,348
Payments by Loan Length
Length Payment
24 months $2,591
36 months $1,764
48 months $1,351
60 months $1,103
72 months $938
84 months $820

Can I afford a $74,400 car?

Is your salary enough to buy a $74,400 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 $74,400 vehicle, this would mean saving up $14,880.
  • 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 $74,400, you would need to make at least $186,000 per year.