$15,400 Car Loan

What's the monthly payment on a $15,400 car?
$
$
%
Monthly payment = $280
Total yearly payments = $3,355
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $267
3.0% $273
4.0% $278
5.0% $284
6.0% $289
7.0% $295
8.0% $301
9.0% $307
10.0% $312
Payments by Amount Down
Down Monthly Payment
$0 $349
$1,000 $327
$2,000 $304
$3,000 $281
$4,000 $259
$5,000 $236
Payments by Loan Length
Length Payment
24 months $536
36 months $365
48 months $280
60 months $228
72 months $194
84 months $170

Can I afford a $15,400 car?

Is your salary enough to buy a $15,400 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 $15,400 vehicle, this would mean saving up $3,080.
  • 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 $15,400, you would need to make at least $38,500 per year.