$79,000 Car Loan

What's the monthly payment on a $79,000 car?
$
$
%
Monthly payment = $1,434
Total yearly payments = $17,209
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,371
3.0% $1,399
4.0% $1,427
5.0% $1,455
6.0% $1,484
7.0% $1,513
8.0% $1,543
9.0% $1,573
10.0% $1,603
Payments by Amount Down
Down Monthly Payment
$0 $1,793
$2,000 $1,747
$5,000 $1,679
$8,000 $1,611
$10,000 $1,566
$15,000 $1,452
Payments by Loan Length
Length Payment
24 months $2,751
36 months $1,873
48 months $1,434
60 months $1,171
72 months $996
84 months $871

Can I afford a $79,000 car?

Is your salary enough to buy a $79,000 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 $79,000 vehicle, this would mean saving up $15,800.
  • 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 $79,000, you would need to make at least $197,500 per year.