$15,200 Car Loan

What's the monthly payment on a $15,200 car?
$
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%
Monthly payment = $276
Total yearly payments = $3,311
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $264
3.0% $269
4.0% $275
5.0% $280
6.0% $286
7.0% $291
8.0% $297
9.0% $303
10.0% $308
Payments by Amount Down
Down Monthly Payment
$0 $345
$1,000 $322
$2,000 $300
$3,000 $277
$4,000 $254
$5,000 $231
Payments by Loan Length
Length Payment
24 months $529
36 months $360
48 months $276
60 months $225
72 months $192
84 months $168

Can I afford a $15,200 car?

Is your salary enough to buy a $15,200 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 $15,200 vehicle, this would mean saving up $3,040.
  • 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 $15,200, you would need to make at least $38,000 per year.