$14,100 Car Loan

What's the monthly payment on a $14,100 car?
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%
Monthly payment = $256
Total yearly payments = $3,071
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $245
3.0% $250
4.0% $255
5.0% $260
6.0% $265
7.0% $270
8.0% $275
9.0% $281
10.0% $286
Payments by Amount Down
Down Monthly Payment
$0 $320
$1,000 $297
$2,000 $275
$3,000 $252
$4,000 $229
$5,000 $206
Payments by Loan Length
Length Payment
24 months $491
36 months $334
48 months $256
60 months $209
72 months $178
84 months $155

Can I afford a $14,100 car?

Is your salary enough to buy a $14,100 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 $14,100 vehicle, this would mean saving up $2,820.
  • 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 $14,100, you would need to make at least $35,250 per year.