$11,400 Car Loan

What's the monthly payment on a $11,400 car?
$
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%
Monthly payment = $207
Total yearly payments = $2,483
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $198
3.0% $202
4.0% $206
5.0% $210
6.0% $214
7.0% $218
8.0% $223
9.0% $227
10.0% $231
Payments by Amount Down
Down Monthly Payment
$0 $259
$1,000 $236
$2,000 $213
$3,000 $191
$4,000 $168
$5,000 $145
Payments by Loan Length
Length Payment
24 months $397
36 months $270
48 months $207
60 months $169
72 months $144
84 months $126

Can I afford a $11,400 car?

Is your salary enough to buy a $11,400 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 $11,400 vehicle, this would mean saving up $2,280.
  • 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 $11,400, you would need to make at least $28,500 per year.