$74,700 Car Loan

What's the monthly payment on a $74,700 car?
$
$
%
Monthly payment = $1,356
Total yearly payments = $16,272
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,297
3.0% $1,323
4.0% $1,349
5.0% $1,376
6.0% $1,403
7.0% $1,431
8.0% $1,459
9.0% $1,487
10.0% $1,516
Payments by Amount Down
Down Monthly Payment
$0 $1,695
$2,000 $1,650
$5,000 $1,582
$8,000 $1,513
$10,000 $1,468
$15,000 $1,355
Payments by Loan Length
Length Payment
24 months $2,602
36 months $1,771
48 months $1,356
60 months $1,107
72 months $942
84 months $824

Can I afford a $74,700 car?

Is your salary enough to buy a $74,700 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 $74,700 vehicle, this would mean saving up $14,940.
  • 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 $74,700, you would need to make at least $186,750 per year.