$84,500 Car Loan

What's the monthly payment on a $84,500 car?
$
$
%
Monthly payment = $1,534
Total yearly payments = $18,407
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,467
3.0% $1,496
4.0% $1,526
5.0% $1,557
6.0% $1,588
7.0% $1,619
8.0% $1,650
9.0% $1,682
10.0% $1,715
Payments by Amount Down
Down Monthly Payment
$0 $1,917
$2,000 $1,872
$5,000 $1,804
$8,000 $1,736
$10,000 $1,690
$15,000 $1,577
Payments by Loan Length
Length Payment
24 months $2,943
36 months $2,003
48 months $1,534
60 months $1,253
72 months $1,065
84 months $932

Can I afford a $84,500 car?

Is your salary enough to buy a $84,500 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 $84,500 vehicle, this would mean saving up $16,900.
  • 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 $84,500, you would need to make at least $211,250 per year.