$79,500 Car Loan

What's the monthly payment on a $79,500 car?
$
$
%
Monthly payment = $1,443
Total yearly payments = $17,318
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,380
3.0% $1,408
4.0% $1,436
5.0% $1,465
6.0% $1,494
7.0% $1,523
8.0% $1,553
9.0% $1,583
10.0% $1,613
Payments by Amount Down
Down Monthly Payment
$0 $1,804
$2,000 $1,759
$5,000 $1,690
$8,000 $1,622
$10,000 $1,577
$15,000 $1,464
Payments by Loan Length
Length Payment
24 months $2,769
36 months $1,885
48 months $1,443
60 months $1,178
72 months $1,002
84 months $877

Can I afford a $79,500 car?

Is your salary enough to buy a $79,500 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 $79,500 vehicle, this would mean saving up $15,900.
  • 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 $79,500, you would need to make at least $198,750 per year.