$19,000 Car Loan

What's the monthly payment on a $19,000 car?
$
$
%
Monthly payment = $345
Total yearly payments = $4,139
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $330
3.0% $336
4.0% $343
5.0% $350
6.0% $357
7.0% $364
8.0% $371
9.0% $378
10.0% $386
Payments by Amount Down
Down Monthly Payment
$0 $431
$1,000 $408
$2,000 $386
$3,000 $363
$4,000 $340
$5,000 $318
Payments by Loan Length
Length Payment
24 months $662
36 months $450
48 months $345
60 months $282
72 months $240
84 months $210

Can I afford a $19,000 car?

Is your salary enough to buy a $19,000 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 $19,000 vehicle, this would mean saving up $3,800.
  • 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 $19,000, you would need to make at least $47,500 per year.