$80,800 Car Loan

What's the monthly payment on a $80,800 car?
$
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%
Monthly payment = $1,467
Total yearly payments = $17,601
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,402
3.0% $1,431
4.0% $1,460
5.0% $1,489
6.0% $1,518
7.0% $1,548
8.0% $1,578
9.0% $1,609
10.0% $1,639
Payments by Amount Down
Down Monthly Payment
$0 $1,833
$2,000 $1,788
$5,000 $1,720
$8,000 $1,652
$10,000 $1,607
$15,000 $1,493
Payments by Loan Length
Length Payment
24 months $2,814
36 months $1,916
48 months $1,467
60 months $1,198
72 months $1,019
84 months $891

Can I afford a $80,800 car?

Is your salary enough to buy a $80,800 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 $80,800 vehicle, this would mean saving up $16,160.
  • 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 $80,800, you would need to make at least $202,000 per year.