$78,800 Car Loan

What's the monthly payment on a $78,800 car?
$
$
%
Monthly payment = $1,430
Total yearly payments = $17,165
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,368
3.0% $1,395
4.0% $1,423
5.0% $1,452
6.0% $1,480
7.0% $1,510
8.0% $1,539
9.0% $1,569
10.0% $1,599
Payments by Amount Down
Down Monthly Payment
$0 $1,788
$2,000 $1,743
$5,000 $1,675
$8,000 $1,607
$10,000 $1,561
$15,000 $1,448
Payments by Loan Length
Length Payment
24 months $2,745
36 months $1,868
48 months $1,430
60 months $1,168
72 months $993
84 months $869

Can I afford a $78,800 car?

Is your salary enough to buy a $78,800 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 $78,800 vehicle, this would mean saving up $15,760.
  • 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 $78,800, you would need to make at least $197,000 per year.