$13,500 Car Loan

What's the monthly payment on a $13,500 car?
$
$
%
Monthly payment = $245
Total yearly payments = $2,941
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $234
3.0% $239
4.0% $244
5.0% $249
6.0% $254
7.0% $259
8.0% $264
9.0% $269
10.0% $274
Payments by Amount Down
Down Monthly Payment
$0 $306
$1,000 $284
$2,000 $261
$3,000 $238
$4,000 $216
$5,000 $193
Payments by Loan Length
Length Payment
24 months $470
36 months $320
48 months $245
60 months $200
72 months $170
84 months $149

Can I afford a $13,500 car?

Is your salary enough to buy a $13,500 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 $13,500 vehicle, this would mean saving up $2,700.
  • 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 $13,500, you would need to make at least $33,750 per year.