$15,900 Car Loan

What's the monthly payment on a $15,900 car?
$
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%
Monthly payment = $289
Total yearly payments = $3,464
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $276
3.0% $282
4.0% $287
5.0% $293
6.0% $299
7.0% $305
8.0% $311
9.0% $317
10.0% $323
Payments by Amount Down
Down Monthly Payment
$0 $361
$1,000 $338
$2,000 $315
$3,000 $293
$4,000 $270
$5,000 $247
Payments by Loan Length
Length Payment
24 months $554
36 months $377
48 months $289
60 months $236
72 months $200
84 months $175

Can I afford a $15,900 car?

Is your salary enough to buy a $15,900 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 $15,900 vehicle, this would mean saving up $3,180.
  • 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 $15,900, you would need to make at least $39,750 per year.