$84,700 Car Loan

What's the monthly payment on a $84,700 car?
$
$
%
Monthly payment = $1,538
Total yearly payments = $18,451
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,470
3.0% $1,500
4.0% $1,530
5.0% $1,560
6.0% $1,591
7.0% $1,623
8.0% $1,654
9.0% $1,686
10.0% $1,719
Payments by Amount Down
Down Monthly Payment
$0 $1,922
$2,000 $1,877
$5,000 $1,808
$8,000 $1,740
$10,000 $1,695
$15,000 $1,582
Payments by Loan Length
Length Payment
24 months $2,950
36 months $2,008
48 months $1,538
60 months $1,256
72 months $1,068
84 months $934

Can I afford a $84,700 car?

Is your salary enough to buy a $84,700 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 $84,700 vehicle, this would mean saving up $16,940.
  • 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 $84,700, you would need to make at least $211,750 per year.