What's the car payment on $80,000?
$80,000 financed over 60 months at 7.5% APR
$1,603a month
$16,182 in interest, $96,182 paid in total.
Payment by loan term and APR
Your rate depends mostly on your credit score and whether the car is new or used. Get a quote from your bank or credit union to know which column you're in.
| Term | 5% APR | 7.5% APR | 10% APR | 12.5% APR | 15% APR |
|---|---|---|---|---|---|
| 36 months | $2,398 | $2,488 | $2,581 | $2,676 | $2,773 |
| 48 months | $1,842 | $1,934 | $2,029 | $2,126 | $2,226 |
| 60 months | $1,510 | $1,603 | $1,700 | $1,800 | $1,903 |
| 72 months | $1,288 | $1,383 | $1,482 | $1,585 | $1,692 |
| 84 months | $1,131 | $1,227 | $1,328 | $1,434 | $1,544 |
What a longer loan really costs
Stretching the term lowers the payment but adds interest, and long loans make it easy to owe more than the car is worth. All at 7.5% APR.
| Term | Monthly payment | Total interest | Total paid |
|---|---|---|---|
| 36 months | $2,488 | $9,586 | $89,586 |
| 48 months | $1,934 | $12,847 | $92,847 |
| 60 months | $1,603 | $16,182 | $96,182 |
| 72 months | $1,383 | $19,591 | $99,591 |
| 84 months | $1,227 | $23,073 | $103,073 |
Income for this payment (20/4/10 guideline)
$18,859/mo take-home
About $317,772 a year gross (single filer, federal taxes only), so the loan plus insurance and gas stay near 10% of your pay.
If $80,000 is the sticker price
$1,539/mo
With 10% down and 6% sales tax you'd finance $76,800, over 60 months at 7.5% APR.
Buying new? Interest on some new-car loans may now be partly tax-deductible. Here's who qualifies and what quietly disqualifies you.
Frequently asked questions
What is the monthly payment on a $80,000 car loan?
$1,603 a month over 60 months at 7.5% APR. Over 48 months it's $1,934; over 72 months, $1,383.
How much interest will I pay on a $80,000 car loan?
About $16,182 over 60 months at 7.5% APR. A 48-month loan cuts that to $12,847, while stretching to 72 months raises it to $19,591.
What income do I need for a $80,000 car loan?
By the 20/4/10 guideline (all car costs near 10% of take-home pay), a $1,603 payment fits a take-home of about $18,859 a month. That's roughly $317,772 a year gross for a single filer, before state tax.
What's the car payment on $80,000? · Far Better Off
https://farbetteroff.com/car-payment/80000
Open that link for the live version of this page. Estimates for education only — Far Better Off is not a lender or a financial advisor, and these results are not financial advice.