$13,200 Car Loan

What's the monthly payment on a $13,200 car?
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%
Monthly payment = $240
Total yearly payments = $2,875
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $229
3.0% $234
4.0% $238
5.0% $243
6.0% $248
7.0% $253
8.0% $258
9.0% $263
10.0% $268
Payments by Amount Down
Down Monthly Payment
$0 $300
$1,000 $277
$2,000 $254
$3,000 $231
$4,000 $209
$5,000 $186
Payments by Loan Length
Length Payment
24 months $460
36 months $313
48 months $240
60 months $196
72 months $166
84 months $146

Can I afford a $13,200 car?

Is your salary enough to buy a $13,200 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 $13,200 vehicle, this would mean saving up $2,640.
  • 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 $13,200, you would need to make at least $33,000 per year.