$14,800 Car Loan

What's the monthly payment on a $14,800 car?
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%
Monthly payment = $269
Total yearly payments = $3,224
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $257
3.0% $262
4.0% $267
5.0% $273
6.0% $278
7.0% $284
8.0% $289
9.0% $295
10.0% $300
Payments by Amount Down
Down Monthly Payment
$0 $336
$1,000 $313
$2,000 $290
$3,000 $268
$4,000 $245
$5,000 $222
Payments by Loan Length
Length Payment
24 months $515
36 months $351
48 months $269
60 months $219
72 months $187
84 months $163

Can I afford a $14,800 car?

Is your salary enough to buy a $14,800 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 $14,800 vehicle, this would mean saving up $2,960.
  • 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 $14,800, you would need to make at least $37,000 per year.