$78,900 Car Loan

What's the monthly payment on a $78,900 car?
$
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%
Monthly payment = $1,432
Total yearly payments = $17,187
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,369
3.0% $1,397
4.0% $1,425
5.0% $1,454
6.0% $1,482
7.0% $1,511
8.0% $1,541
9.0% $1,571
10.0% $1,601
Payments by Amount Down
Down Monthly Payment
$0 $1,790
$2,000 $1,745
$5,000 $1,677
$8,000 $1,609
$10,000 $1,563
$15,000 $1,450
Payments by Loan Length
Length Payment
24 months $2,748
36 months $1,871
48 months $1,432
60 months $1,170
72 months $995
84 months $870

Can I afford a $78,900 car?

Is your salary enough to buy a $78,900 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 $78,900 vehicle, this would mean saving up $15,780.
  • 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 $78,900, you would need to make at least $197,250 per year.