$83,400 Car Loan

What's the monthly payment on a $83,400 car?
$
$
%
Monthly payment = $1,514
Total yearly payments = $18,167
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,447
3.0% $1,477
4.0% $1,506
5.0% $1,537
6.0% $1,567
7.0% $1,598
8.0% $1,629
9.0% $1,660
10.0% $1,692
Payments by Amount Down
Down Monthly Payment
$0 $1,892
$2,000 $1,847
$5,000 $1,779
$8,000 $1,711
$10,000 $1,666
$15,000 $1,552
Payments by Loan Length
Length Payment
24 months $2,905
36 months $1,977
48 months $1,514
60 months $1,236
72 months $1,051
84 months $920

Can I afford a $83,400 car?

Is your salary enough to buy a $83,400 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 $83,400 vehicle, this would mean saving up $16,680.
  • 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 $83,400, you would need to make at least $208,500 per year.