$79,400 Car Loan

What's the monthly payment on a $79,400 car?
$
$
%
Monthly payment = $1,441
Total yearly payments = $17,296
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,378
3.0% $1,406
4.0% $1,434
5.0% $1,463
6.0% $1,492
7.0% $1,521
8.0% $1,551
9.0% $1,581
10.0% $1,611
Payments by Amount Down
Down Monthly Payment
$0 $1,802
$2,000 $1,756
$5,000 $1,688
$8,000 $1,620
$10,000 $1,575
$15,000 $1,461
Payments by Loan Length
Length Payment
24 months $2,765
36 months $1,882
48 months $1,441
60 months $1,177
72 months $1,001
84 months $876

Can I afford a $79,400 car?

Is your salary enough to buy a $79,400 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 $79,400 vehicle, this would mean saving up $15,880.
  • 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 $79,400, you would need to make at least $198,500 per year.