$83,800 Car Loan

What's the monthly payment on a $83,800 car?
$
$
%
Monthly payment = $1,521
Total yearly payments = $18,255
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,454
3.0% $1,484
4.0% $1,514
5.0% $1,544
6.0% $1,574
7.0% $1,605
8.0% $1,637
9.0% $1,668
10.0% $1,700
Payments by Amount Down
Down Monthly Payment
$0 $1,902
$2,000 $1,856
$5,000 $1,788
$8,000 $1,720
$10,000 $1,675
$15,000 $1,561
Payments by Loan Length
Length Payment
24 months $2,919
36 months $1,987
48 months $1,521
60 months $1,242
72 months $1,057
84 months $924

Can I afford a $83,800 car?

Is your salary enough to buy a $83,800 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 $83,800 vehicle, this would mean saving up $16,760.
  • 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 $83,800, you would need to make at least $209,500 per year.