$74,500 Car Loan

What's the monthly payment on a $74,500 car?
$
$
%
Monthly payment = $1,352
Total yearly payments = $16,229
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,293
3.0% $1,319
4.0% $1,346
5.0% $1,373
6.0% $1,400
7.0% $1,427
8.0% $1,455
9.0% $1,483
10.0% $1,512
Payments by Amount Down
Down Monthly Payment
$0 $1,690
$2,000 $1,645
$5,000 $1,577
$8,000 $1,509
$10,000 $1,464
$15,000 $1,350
Payments by Loan Length
Length Payment
24 months $2,595
36 months $1,766
48 months $1,352
60 months $1,104
72 months $939
84 months $822

Can I afford a $74,500 car?

Is your salary enough to buy a $74,500 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 $74,500 vehicle, this would mean saving up $14,900.
  • 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 $74,500, you would need to make at least $186,250 per year.