$60,000 car loan: monthly payments by term and interest rate
A $60,000 car loan costs between $905.56 and $1,852.63 a month at 7% APR, depending on the term. Pick a term below to see the full cost, or use the table to compare rates.
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Monthly payment on $60,000 by term and APR
Read across for the interest rate and down for the length of the loan.
$60,000 car loan: monthly payment
| Term | 4% APR | 5.5% APR | 7% APR | 9% APR | 12% APR | 15% APR |
|---|---|---|---|---|---|---|
| 3 years | $1,771.44 | $1,811.75 | $1,852.63 | $1,907.98 | $1,992.86 | $2,079.92 |
| 4 years | $1,354.74 | $1,395.39 | $1,436.77 | $1,493.10 | $1,580.03 | $1,669.84 |
| 5 years | $1,104.99 | $1,146.07 | $1,188.07 | $1,245.50 | $1,334.67 | $1,427.40 |
| 6 years | $938.71 | $980.27 | $1,022.94 | $1,081.53 | $1,173.01 | $1,268.70 |
| 7 years | $820.13 | $862.20 | $905.56 | $965.34 | $1,059.16 | $1,157.81 |
Fixed rate, equal monthly payments, no fees.
$60,000 over each term
Sources and further reading
Questions people ask
What is the cheapest way to borrow $60,000?
The cheapest loan has the lowest APR and the shortest term you can afford, with no origination fee. Compare banks, credit unions and online lenders using prequalification, which uses a soft credit check.
Results are estimates for information only, not financial advice. Read the full disclaimer.
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