$83,300 Car Loan

What's the monthly payment on a $83,300 car?
$
$
%
Monthly payment = $1,512
Total yearly payments = $18,146
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,446
3.0% $1,475
4.0% $1,505
5.0% $1,535
6.0% $1,565
7.0% $1,596
8.0% $1,627
9.0% $1,658
10.0% $1,690
Payments by Amount Down
Down Monthly Payment
$0 $1,890
$2,000 $1,845
$5,000 $1,777
$8,000 $1,709
$10,000 $1,663
$15,000 $1,550
Payments by Loan Length
Length Payment
24 months $2,901
36 months $1,975
48 months $1,512
60 months $1,235
72 months $1,050
84 months $919

Can I afford a $83,300 car?

Is your salary enough to buy a $83,300 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 $83,300 vehicle, this would mean saving up $16,660.
  • 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 $83,300, you would need to make at least $208,250 per year.