$83,900 Car Loan

What's the monthly payment on a $83,900 car?
$
$
%
Monthly payment = $1,523
Total yearly payments = $18,276
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,456
3.0% $1,486
4.0% $1,516
5.0% $1,546
6.0% $1,576
7.0% $1,607
8.0% $1,639
9.0% $1,670
10.0% $1,702
Payments by Amount Down
Down Monthly Payment
$0 $1,904
$2,000 $1,858
$5,000 $1,790
$8,000 $1,722
$10,000 $1,677
$15,000 $1,563
Payments by Loan Length
Length Payment
24 months $2,922
36 months $1,989
48 months $1,523
60 months $1,244
72 months $1,058
84 months $925

Can I afford a $83,900 car?

Is your salary enough to buy a $83,900 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 $83,900 vehicle, this would mean saving up $16,780.
  • 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 $83,900, you would need to make at least $209,750 per year.