$74,800 Car Loan

What's the monthly payment on a $74,800 car?
$
$
%
Monthly payment = $1,358
Total yearly payments = $16,294
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,298
3.0% $1,325
4.0% $1,351
5.0% $1,378
6.0% $1,405
7.0% $1,433
8.0% $1,461
9.0% $1,489
10.0% $1,518
Payments by Amount Down
Down Monthly Payment
$0 $1,697
$2,000 $1,652
$5,000 $1,584
$8,000 $1,516
$10,000 $1,470
$15,000 $1,357
Payments by Loan Length
Length Payment
24 months $2,605
36 months $1,773
48 months $1,358
60 months $1,109
72 months $943
84 months $825

Can I afford a $74,800 car?

Is your salary enough to buy a $74,800 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 $74,800 vehicle, this would mean saving up $14,960.
  • 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 $74,800, you would need to make at least $187,000 per year.