$14,200 Car Loan

What's the monthly payment on a $14,200 car?
$
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%
Monthly payment = $258
Total yearly payments = $3,093
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $246
3.0% $251
4.0% $256
5.0% $262
6.0% $267
7.0% $272
8.0% $277
9.0% $283
10.0% $288
Payments by Amount Down
Down Monthly Payment
$0 $322
$1,000 $300
$2,000 $277
$3,000 $254
$4,000 $231
$5,000 $209
Payments by Loan Length
Length Payment
24 months $495
36 months $337
48 months $258
60 months $210
72 months $179
84 months $157

Can I afford a $14,200 car?

Is your salary enough to buy a $14,200 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 $14,200 vehicle, this would mean saving up $2,840.
  • 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 $14,200, you would need to make at least $35,500 per year.