$78,000 Car Loan

What's the monthly payment on a $78,000 car?
$
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%
Monthly payment = $1,416
Total yearly payments = $16,991
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,354
3.0% $1,381
4.0% $1,409
5.0% $1,437
6.0% $1,465
7.0% $1,494
8.0% $1,523
9.0% $1,553
10.0% $1,583
Payments by Amount Down
Down Monthly Payment
$0 $1,770
$2,000 $1,725
$5,000 $1,656
$8,000 $1,588
$10,000 $1,543
$15,000 $1,430
Payments by Loan Length
Length Payment
24 months $2,717
36 months $1,849
48 months $1,416
60 months $1,156
72 months $983
84 months $860

Can I afford a $78,000 car?

Is your salary enough to buy a $78,000 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 $78,000 vehicle, this would mean saving up $15,600.
  • 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 $78,000, you would need to make at least $195,000 per year.