$85,000 Car Loan

What's the monthly payment on a $85,000 car?
$
$
%
Monthly payment = $1,543
Total yearly payments = $18,516
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $1,475
3.0% $1,505
4.0% $1,535
5.0% $1,566
6.0% $1,597
7.0% $1,628
8.0% $1,660
9.0% $1,692
10.0% $1,725
Payments by Amount Down
Down Monthly Payment
$0 $1,929
$2,000 $1,883
$5,000 $1,815
$8,000 $1,747
$10,000 $1,702
$15,000 $1,588
Payments by Loan Length
Length Payment
24 months $2,960
36 months $2,015
48 months $1,543
60 months $1,260
72 months $1,072
84 months $937

Can I afford a $85,000 car?

Is your salary enough to buy a $85,000 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 $85,000 vehicle, this would mean saving up $17,000.
  • 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 $85,000, you would need to make at least $212,500 per year.