$74,900 Car Loan

What's the monthly payment on a $74,900 car?
$
$
%
Monthly payment = $1,360
Total yearly payments = $16,316
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,300
3.0% $1,326
4.0% $1,353
5.0% $1,380
6.0% $1,407
7.0% $1,435
8.0% $1,463
9.0% $1,491
10.0% $1,520
Payments by Amount Down
Down Monthly Payment
$0 $1,700
$2,000 $1,654
$5,000 $1,586
$8,000 $1,518
$10,000 $1,473
$15,000 $1,359
Payments by Loan Length
Length Payment
24 months $2,609
36 months $1,776
48 months $1,360
60 months $1,110
72 months $944
84 months $826

Can I afford a $74,900 car?

Is your salary enough to buy a $74,900 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 $74,900 vehicle, this would mean saving up $14,980.
  • 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 $74,900, you would need to make at least $187,250 per year.