$78,700 Car Loan

What's the monthly payment on a $78,700 car?
$
$
%
Monthly payment = $1,429
Total yearly payments = $17,144
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,366
3.0% $1,394
4.0% $1,422
5.0% $1,450
6.0% $1,479
7.0% $1,508
8.0% $1,537
9.0% $1,567
10.0% $1,597
Payments by Amount Down
Down Monthly Payment
$0 $1,786
$2,000 $1,740
$5,000 $1,672
$8,000 $1,604
$10,000 $1,559
$15,000 $1,445
Payments by Loan Length
Length Payment
24 months $2,741
36 months $1,866
48 months $1,429
60 months $1,167
72 months $992
84 months $868

Can I afford a $78,700 car?

Is your salary enough to buy a $78,700 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 $78,700 vehicle, this would mean saving up $15,740.
  • 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 $78,700, you would need to make at least $196,750 per year.