$80,000 Car Loan

What's the monthly payment on a $80,000 car?
$
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%
Monthly payment = $1,452
Total yearly payments = $17,427
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,388
3.0% $1,417
4.0% $1,445
5.0% $1,474
6.0% $1,503
7.0% $1,533
8.0% $1,562
9.0% $1,593
10.0% $1,623
Payments by Amount Down
Down Monthly Payment
$0 $1,815
$2,000 $1,770
$5,000 $1,702
$8,000 $1,634
$10,000 $1,588
$15,000 $1,475
Payments by Loan Length
Length Payment
24 months $2,786
36 months $1,897
48 months $1,452
60 months $1,186
72 months $1,009
84 months $882

Can I afford a $80,000 car?

Is your salary enough to buy a $80,000 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 $80,000 vehicle, this would mean saving up $16,000.
  • 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 $80,000, you would need to make at least $200,000 per year.