$13,400 Car Loan

What's the monthly payment on a $13,400 car?
$
$
%
Monthly payment = $243
Total yearly payments = $2,919
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $233
3.0% $237
4.0% $242
5.0% $247
6.0% $252
7.0% $257
8.0% $262
9.0% $267
10.0% $272
Payments by Amount Down
Down Monthly Payment
$0 $304
$1,000 $281
$2,000 $259
$3,000 $236
$4,000 $213
$5,000 $191
Payments by Loan Length
Length Payment
24 months $467
36 months $318
48 months $243
60 months $199
72 months $169
84 months $148

Can I afford a $13,400 car?

Is your salary enough to buy a $13,400 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 $13,400 vehicle, this would mean saving up $2,680.
  • 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 $13,400, you would need to make at least $33,500 per year.