$14,700 Car Loan

What's the monthly payment on a $14,700 car?
$
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%
Monthly payment = $267
Total yearly payments = $3,202
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $255
3.0% $260
4.0% $266
5.0% $271
6.0% $276
7.0% $282
8.0% $287
9.0% $293
10.0% $298
Payments by Amount Down
Down Monthly Payment
$0 $334
$1,000 $311
$2,000 $288
$3,000 $265
$4,000 $243
$5,000 $220
Payments by Loan Length
Length Payment
24 months $512
36 months $349
48 months $267
60 months $218
72 months $185
84 months $162

Can I afford a $14,700 car?

Is your salary enough to buy a $14,700 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 $14,700 vehicle, this would mean saving up $2,940.
  • 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 $14,700, you would need to make at least $36,750 per year.