$15,100 Car Loan

What's the monthly payment on a $15,100 car?
$
$
%
Monthly payment = $274
Total yearly payments = $3,289
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $262
3.0% $267
4.0% $273
5.0% $278
6.0% $284
7.0% $289
8.0% $295
9.0% $301
10.0% $306
Payments by Amount Down
Down Monthly Payment
$0 $343
$1,000 $320
$2,000 $297
$3,000 $275
$4,000 $252
$5,000 $229
Payments by Loan Length
Length Payment
24 months $526
36 months $358
48 months $274
60 months $224
72 months $190
84 months $167

Can I afford a $15,100 car?

Is your salary enough to buy a $15,100 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 $15,100 vehicle, this would mean saving up $3,020.
  • 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 $15,100, you would need to make at least $37,750 per year.