$13,800 Car Loan

What's the monthly payment on a $13,800 car?
$
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%
Monthly payment = $251
Total yearly payments = $3,006
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $240
3.0% $244
4.0% $249
5.0% $254
6.0% $259
7.0% $264
8.0% $270
9.0% $275
10.0% $280
Payments by Amount Down
Down Monthly Payment
$0 $313
$1,000 $290
$2,000 $268
$3,000 $245
$4,000 $222
$5,000 $200
Payments by Loan Length
Length Payment
24 months $481
36 months $327
48 months $251
60 months $205
72 months $174
84 months $152

Can I afford a $13,800 car?

Is your salary enough to buy a $13,800 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 $13,800 vehicle, this would mean saving up $2,760.
  • 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 $13,800, you would need to make at least $34,500 per year.