$79,600 Car Loan

What's the monthly payment on a $79,600 car?
$
$
%
Monthly payment = $1,445
Total yearly payments = $17,340
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,382
3.0% $1,410
4.0% $1,438
5.0% $1,467
6.0% $1,496
7.0% $1,525
8.0% $1,555
9.0% $1,585
10.0% $1,615
Payments by Amount Down
Down Monthly Payment
$0 $1,806
$2,000 $1,761
$5,000 $1,693
$8,000 $1,625
$10,000 $1,579
$15,000 $1,466
Payments by Loan Length
Length Payment
24 months $2,772
36 months $1,887
48 months $1,445
60 months $1,180
72 months $1,004
84 months $878

Can I afford a $79,600 car?

Is your salary enough to buy a $79,600 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 $79,600 vehicle, this would mean saving up $15,920.
  • 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 $79,600, you would need to make at least $199,000 per year.