$13,600 Car Loan

What's the monthly payment on a $13,600 car?
$
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%
Monthly payment = $247
Total yearly payments = $2,963
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $236
3.0% $241
4.0% $246
5.0% $251
6.0% $256
7.0% $261
8.0% $266
9.0% $271
10.0% $276
Payments by Amount Down
Down Monthly Payment
$0 $309
$1,000 $286
$2,000 $263
$3,000 $241
$4,000 $218
$5,000 $195
Payments by Loan Length
Length Payment
24 months $474
36 months $322
48 months $247
60 months $202
72 months $171
84 months $150

Can I afford a $13,600 car?

Is your salary enough to buy a $13,600 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 $13,600 vehicle, this would mean saving up $2,720.
  • 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 $13,600, you would need to make at least $34,000 per year.