$79,700 Car Loan

What's the monthly payment on a $79,700 car?
$
$
%
Monthly payment = $1,447
Total yearly payments = $17,361
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,383
3.0% $1,411
4.0% $1,440
5.0% $1,468
6.0% $1,497
7.0% $1,527
8.0% $1,557
9.0% $1,587
10.0% $1,617
Payments by Amount Down
Down Monthly Payment
$0 $1,808
$2,000 $1,763
$5,000 $1,695
$8,000 $1,627
$10,000 $1,582
$15,000 $1,468
Payments by Loan Length
Length Payment
24 months $2,776
36 months $1,890
48 months $1,447
60 months $1,181
72 months $1,005
84 months $879

Can I afford a $79,700 car?

Is your salary enough to buy a $79,700 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 $79,700 vehicle, this would mean saving up $15,940.
  • 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 $79,700, you would need to make at least $199,250 per year.