$15,300 Car Loan

What's the monthly payment on a $15,300 car?
$
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%
Monthly payment = $278
Total yearly payments = $3,333
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $266
3.0% $271
4.0% $276
5.0% $282
6.0% $287
7.0% $293
8.0% $299
9.0% $305
10.0% $310
Payments by Amount Down
Down Monthly Payment
$0 $347
$1,000 $324
$2,000 $302
$3,000 $279
$4,000 $256
$5,000 $234
Payments by Loan Length
Length Payment
24 months $533
36 months $363
48 months $278
60 months $227
72 months $193
84 months $169

Can I afford a $15,300 car?

Is your salary enough to buy a $15,300 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 $15,300 vehicle, this would mean saving up $3,060.
  • 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 $15,300, you would need to make at least $38,250 per year.