$83,700 Car Loan

What's the monthly payment on a $83,700 car?
$
$
%
Monthly payment = $1,519
Total yearly payments = $18,233
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,453
3.0% $1,482
4.0% $1,512
5.0% $1,542
6.0% $1,573
7.0% $1,603
8.0% $1,635
9.0% $1,666
10.0% $1,698
Payments by Amount Down
Down Monthly Payment
$0 $1,899
$2,000 $1,854
$5,000 $1,786
$8,000 $1,718
$10,000 $1,672
$15,000 $1,559
Payments by Loan Length
Length Payment
24 months $2,915
36 months $1,984
48 months $1,519
60 months $1,241
72 months $1,055
84 months $923

Can I afford a $83,700 car?

Is your salary enough to buy a $83,700 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 $83,700 vehicle, this would mean saving up $16,740.
  • 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 $83,700, you would need to make at least $209,250 per year.