$83,000 Car Loan

What's the monthly payment on a $83,000 car?
$
$
%
Monthly payment = $1,507
Total yearly payments = $18,080
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,441
3.0% $1,470
4.0% $1,499
5.0% $1,529
6.0% $1,559
7.0% $1,590
8.0% $1,621
9.0% $1,652
10.0% $1,684
Payments by Amount Down
Down Monthly Payment
$0 $1,883
$2,000 $1,838
$5,000 $1,770
$8,000 $1,702
$10,000 $1,656
$15,000 $1,543
Payments by Loan Length
Length Payment
24 months $2,891
36 months $1,968
48 months $1,507
60 months $1,230
72 months $1,046
84 months $915

Can I afford a $83,000 car?

Is your salary enough to buy a $83,000 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 $83,000 vehicle, this would mean saving up $16,600.
  • 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 $83,000, you would need to make at least $207,500 per year.