$80,500 Car Loan

What's the monthly payment on a $80,500 car?
$
$
%
Monthly payment = $1,461
Total yearly payments = $17,536
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,397
3.0% $1,425
4.0% $1,454
5.0% $1,483
6.0% $1,512
7.0% $1,542
8.0% $1,572
9.0% $1,603
10.0% $1,633
Payments by Amount Down
Down Monthly Payment
$0 $1,827
$2,000 $1,781
$5,000 $1,713
$8,000 $1,645
$10,000 $1,600
$15,000 $1,486
Payments by Loan Length
Length Payment
24 months $2,804
36 months $1,909
48 months $1,461
60 months $1,193
72 months $1,015
84 months $888

Can I afford a $80,500 car?

Is your salary enough to buy a $80,500 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 $80,500 vehicle, this would mean saving up $16,100.
  • 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 $80,500, you would need to make at least $201,250 per year.