How much is a $60,000 car payment?
The table shows the estimated monthly payment on a $60,000 auto loan across common APRs and loan terms:
| Rate | 3-year | 4-year | 5-year | 6-year |
|---|---|---|---|---|
| 4.00% | $1,771 | $1,355 | $1,105 | $939 |
| 5.00% | $1,798 | $1,382 | $1,132 | $966 |
| 6.00% | $1,825 | $1,409 | $1,160 | $994 |
| 7.00% | $1,853 | $1,437 | $1,188 | $1,023 |
| 8.00% | $1,880 | $1,465 | $1,217 | $1,052 |
| 9.00% | $1,908 | $1,493 | $1,246 | $1,082 |
| 10.00% | $1,936 | $1,522 | $1,275 | $1,112 |
At 7% over 5 years, a $60,000 car loan costs about $1,188/month.
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Estimates exclude tax, title and fees. Not financial advice.