$100,000 Car Loan

What's the monthly payment on a $100,000 car?
$
$
%
Monthly payment = $1,815
Total yearly payments = $21,783
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,736
3.0% $1,771
4.0% $1,806
5.0% $1,842
6.0% $1,879
7.0% $1,916
8.0% $1,953
9.0% $1,991
10.0% $2,029
Payments by Amount Down
Down Monthly Payment
$0 $2,269
$2,000 $2,224
$5,000 $2,156
$8,000 $2,088
$10,000 $2,042
$15,000 $1,929
Payments by Loan Length
Length Payment
24 months $3,483
36 months $2,371
48 months $1,815
60 months $1,482
72 months $1,261
84 months $1,103

Can I afford a $100,000 car?

Is your salary enough to buy a $100,000 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 $100,000 vehicle, this would mean saving up $20,000.
  • 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 $100,000, you would need to make at least $250,000 per year.