$13,000 Car Loan

What's the monthly payment on a $13,000 car?
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Monthly payment = $236
Total yearly payments = $2,832
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $226
3.0% $230
4.0% $235
5.0% $240
6.0% $244
7.0% $249
8.0% $254
9.0% $259
10.0% $264
Payments by Amount Down
Down Monthly Payment
$0 $295
$1,000 $272
$2,000 $250
$3,000 $227
$4,000 $204
$5,000 $182
Payments by Loan Length
Length Payment
24 months $453
36 months $308
48 months $236
60 months $193
72 months $164
84 months $143

Can I afford a $13,000 car?

Is your salary enough to buy a $13,000 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 $13,000 vehicle, this would mean saving up $2,600.
  • 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 $13,000, you would need to make at least $32,500 per year.