$14,300 Car Loan

What's the monthly payment on a $14,300 car?
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%
Monthly payment = $260
Total yearly payments = $3,115
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $248
3.0% $253
4.0% $258
5.0% $263
6.0% $269
7.0% $274
8.0% $279
9.0% $285
10.0% $290
Payments by Amount Down
Down Monthly Payment
$0 $324
$1,000 $302
$2,000 $279
$3,000 $256
$4,000 $234
$5,000 $211
Payments by Loan Length
Length Payment
24 months $498
36 months $339
48 months $260
60 months $212
72 months $180
84 months $158

Can I afford a $14,300 car?

Is your salary enough to buy a $14,300 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 $14,300 vehicle, this would mean saving up $2,860.
  • 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 $14,300, you would need to make at least $35,750 per year.