$84,800 Car Loan

What's the monthly payment on a $84,800 car?
$
$
%
Monthly payment = $1,539
Total yearly payments = $18,472
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,472
3.0% $1,502
4.0% $1,532
5.0% $1,562
6.0% $1,593
7.0% $1,625
8.0% $1,656
9.0% $1,688
10.0% $1,721
Payments by Amount Down
Down Monthly Payment
$0 $1,924
$2,000 $1,879
$5,000 $1,811
$8,000 $1,743
$10,000 $1,697
$15,000 $1,584
Payments by Loan Length
Length Payment
24 months $2,954
36 months $2,010
48 months $1,539
60 months $1,257
72 months $1,069
84 months $935

Can I afford a $84,800 car?

Is your salary enough to buy a $84,800 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 $84,800 vehicle, this would mean saving up $16,960.
  • 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 $84,800, you would need to make at least $212,000 per year.