$75,000 Car Loan

What's the monthly payment on a $75,000 car?
$
$
%
Monthly payment = $1,361
Total yearly payments = $16,338
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,302
3.0% $1,328
4.0% $1,355
5.0% $1,382
6.0% $1,409
7.0% $1,437
8.0% $1,465
9.0% $1,493
10.0% $1,522
Payments by Amount Down
Down Monthly Payment
$0 $1,702
$2,000 $1,656
$5,000 $1,588
$8,000 $1,520
$10,000 $1,475
$15,000 $1,361
Payments by Loan Length
Length Payment
24 months $2,612
36 months $1,778
48 months $1,361
60 months $1,112
72 months $946
84 months $827

Can I afford a $75,000 car?

Is your salary enough to buy a $75,000 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 $75,000 vehicle, this would mean saving up $15,000.
  • 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 $75,000, you would need to make at least $187,500 per year.