$60,000 car loan: payment by APR and term
| APR | 36 mo | 48 mo | 60 mo | 72 mo | 84 mo |
|---|---|---|---|---|---|
| 4% | $1,771.44 | $1,354.74 | $1,104.99 | $938.71 | $820.13 |
| 6% | $1,825.32 | $1,409.10 | $1,159.97 | $994.37 | $876.51 |
| 8% | $1,880.18 | $1,464.78 | $1,216.58 | $1,051.99 | $935.17 |
| 10% | $1,936.03 | $1,521.76 | $1,274.82 | $1,111.55 | $996.07 |
| 12% | $1,992.86 | $1,580.03 | $1,334.67 | $1,173.01 | $1,059.16 |
| 15% | $2,079.92 | $1,669.84 | $1,427.40 | $1,268.70 | $1,157.81 |
Worked example
At 8% for 60 months: $1,216.58 a month, $72,995 paid in total, of which $12,995 is interest. Stretching to 84 months drops the payment to $935.17 but raises interest to $18,555.
Rates in the tables are a range for comparison, not current market quotes. Payments are principal and interest only unless stated.
Frequently asked questions
What is the payment on a $60,000 car loan?
$1,216.58 a month for 60 months at 8% APR.
How much interest on a $60,000 car loan?
$12,995 over 60 months at 8%.