$79,900 Car Loan

What's the monthly payment on a $79,900 car?
$
$
%
Monthly payment = $1,450
Total yearly payments = $17,405
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,387
3.0% $1,415
4.0% $1,443
5.0% $1,472
6.0% $1,501
7.0% $1,531
8.0% $1,560
9.0% $1,591
10.0% $1,621
Payments by Amount Down
Down Monthly Payment
$0 $1,813
$2,000 $1,768
$5,000 $1,700
$8,000 $1,631
$10,000 $1,586
$15,000 $1,473
Payments by Loan Length
Length Payment
24 months $2,783
36 months $1,894
48 months $1,450
60 months $1,184
72 months $1,007
84 months $881

Can I afford a $79,900 car?

Is your salary enough to buy a $79,900 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 $79,900 vehicle, this would mean saving up $15,980.
  • 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 $79,900, you would need to make at least $199,750 per year.