$79,800 Car Loan

What's the monthly payment on a $79,800 car?
$
$
%
Monthly payment = $1,449
Total yearly payments = $17,383
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,385
3.0% $1,413
4.0% $1,441
5.0% $1,470
6.0% $1,499
7.0% $1,529
8.0% $1,559
9.0% $1,589
10.0% $1,619
Payments by Amount Down
Down Monthly Payment
$0 $1,811
$2,000 $1,765
$5,000 $1,697
$8,000 $1,629
$10,000 $1,584
$15,000 $1,470
Payments by Loan Length
Length Payment
24 months $2,779
36 months $1,892
48 months $1,449
60 months $1,183
72 months $1,006
84 months $880

Can I afford a $79,800 car?

Is your salary enough to buy a $79,800 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 $79,800 vehicle, this would mean saving up $15,960.
  • 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 $79,800, you would need to make at least $199,500 per year.