$13,700 Car Loan

What's the monthly payment on a $13,700 car?
$
$
%
Monthly payment = $249
Total yearly payments = $2,984
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $238
3.0% $243
4.0% $247
5.0% $252
6.0% $257
7.0% $262
8.0% $268
9.0% $273
10.0% $278
Payments by Amount Down
Down Monthly Payment
$0 $311
$1,000 $288
$2,000 $265
$3,000 $243
$4,000 $220
$5,000 $197
Payments by Loan Length
Length Payment
24 months $477
36 months $325
48 months $249
60 months $203
72 months $173
84 months $151

Can I afford a $13,700 car?

Is your salary enough to buy a $13,700 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 $13,700 vehicle, this would mean saving up $2,740.
  • 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 $13,700, you would need to make at least $34,250 per year.