$14,500 Car Loan

What's the monthly payment on a $14,500 car?
$
$
%
Monthly payment = $263
Total yearly payments = $3,159
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $252
3.0% $257
4.0% $262
5.0% $267
6.0% $272
7.0% $278
8.0% $283
9.0% $289
10.0% $294
Payments by Amount Down
Down Monthly Payment
$0 $329
$1,000 $306
$2,000 $284
$3,000 $261
$4,000 $238
$5,000 $216
Payments by Loan Length
Length Payment
24 months $505
36 months $344
48 months $263
60 months $215
72 months $183
84 months $160

Can I afford a $14,500 car?

Is your salary enough to buy a $14,500 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 $14,500 vehicle, this would mean saving up $2,900.
  • 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 $14,500, you would need to make at least $36,250 per year.