$14,000 Car Loan

What's the monthly payment on a $14,000 car?
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%
Monthly payment = $254
Total yearly payments = $3,050
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $243
3.0% $248
4.0% $253
5.0% $258
6.0% $263
7.0% $268
8.0% $273
9.0% $279
10.0% $284
Payments by Amount Down
Down Monthly Payment
$0 $318
$1,000 $295
$2,000 $272
$3,000 $250
$4,000 $227
$5,000 $204
Payments by Loan Length
Length Payment
24 months $488
36 months $332
48 months $254
60 months $208
72 months $177
84 months $154

Can I afford a $14,000 car?

Is your salary enough to buy a $14,000 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 $14,000 vehicle, this would mean saving up $2,800.
  • 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 $14,000, you would need to make at least $35,000 per year.