$60,000 car loan payment

Monthly payment on $60,000 at 7% APR for 60 months
$1,188.07
Total interest: $11,284

Over 48 months the payment rises to $1,436.77 but saves interest; over 72 months it falls to $1,022.94 but costs more in total. Your actual rate depends on your credit score and whether the car is new or used.

$60,000 car payment by APR and term

APR36 mo48 mo60 mo72 mo84 mo
4%$1,771$1,355$1,105$939$820
5%$1,798$1,382$1,132$966$848
6%$1,825$1,409$1,160$994$877
7%$1,853$1,437$1,188$1,023$906
8%$1,880$1,465$1,217$1,052$935
9%$1,908$1,493$1,246$1,082$965
10%$1,936$1,522$1,275$1,112$996
12%$1,993$1,580$1,335$1,173$1,059

Total interest at 7% APR

TermMonthly paymentTotal interest
36 months$1,852.63$6,695
48 months$1,436.77$8,965
60 months$1,188.07$11,284
72 months$1,022.94$13,652
84 months$905.56$16,067

Include tax, fees and trade-in

Frequently asked questions

What is the payment on a $60,000 car loan?

At 7% APR for 60 months, a $60,000 car loan is $1,188.07 a month, with $11,284 of total interest.

Is 72 or 60 months better for a $60,000 loan?

At 7% APR, 72 months lowers the payment to $1,022.94 but adds $2,367 of extra interest compared with 60 months.

Other loan amounts

$40,000 car loan$45,000 car loan$50,000 car loan$55,000 car loan$65,000 car loan$70,000 car loan$75,000 car loan$80,000 car loan

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Estimates for general information only, not financial advice. See how we calculate.