$80,300 Car Loan

What's the monthly payment on a $80,300 car?
$
$
%
Monthly payment = $1,458
Total yearly payments = $17,492
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,394
3.0% $1,422
4.0% $1,450
5.0% $1,479
6.0% $1,509
7.0% $1,538
8.0% $1,568
9.0% $1,599
10.0% $1,629
Payments by Amount Down
Down Monthly Payment
$0 $1,822
$2,000 $1,777
$5,000 $1,709
$8,000 $1,641
$10,000 $1,595
$15,000 $1,482
Payments by Loan Length
Length Payment
24 months $2,797
36 months $1,904
48 months $1,458
60 months $1,190
72 months $1,012
84 months $885

Can I afford a $80,300 car?

Is your salary enough to buy a $80,300 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 $80,300 vehicle, this would mean saving up $16,060.
  • 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 $80,300, you would need to make at least $200,750 per year.