$74,600 Car Loan

What's the monthly payment on a $74,600 car?
$
$
%
Monthly payment = $1,354
Total yearly payments = $16,250
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,295
3.0% $1,321
4.0% $1,348
5.0% $1,374
6.0% $1,402
7.0% $1,429
8.0% $1,457
9.0% $1,485
10.0% $1,514
Payments by Amount Down
Down Monthly Payment
$0 $1,693
$2,000 $1,647
$5,000 $1,579
$8,000 $1,511
$10,000 $1,466
$15,000 $1,352
Payments by Loan Length
Length Payment
24 months $2,598
36 months $1,769
48 months $1,354
60 months $1,106
72 months $941
84 months $823

Can I afford a $74,600 car?

Is your salary enough to buy a $74,600 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 $74,600 vehicle, this would mean saving up $14,920.
  • 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 $74,600, you would need to make at least $186,500 per year.