$14,400 Car Loan

What's the monthly payment on a $14,400 car?
$
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%
Monthly payment = $261
Total yearly payments = $3,137
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $250
3.0% $255
4.0% $260
5.0% $265
6.0% $271
7.0% $276
8.0% $281
9.0% $287
10.0% $292
Payments by Amount Down
Down Monthly Payment
$0 $327
$1,000 $304
$2,000 $281
$3,000 $259
$4,000 $236
$5,000 $213
Payments by Loan Length
Length Payment
24 months $502
36 months $341
48 months $261
60 months $213
72 months $182
84 months $159

Can I afford a $14,400 car?

Is your salary enough to buy a $14,400 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 $14,400 vehicle, this would mean saving up $2,880.
  • 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 $14,400, you would need to make at least $36,000 per year.