How much is the average car payment monthly?

The average car payment for Americans is $568 a month for new cars and nearly $400 for used cars. If you’re shopping for a vehicle, it’s a good idea to understand the breakdown of that cost so you can budget accordingly.

How much does $1000 affect a car payment?

The general rule is that for every $1,000 you put down, your monthly payment will drop by about $15 to $18.

How much would a car payment be on a $20 000 car?

For instance, using our loan calculator, if you buy a $20,000 vehicle at 5% APR for 60 months the monthly payment would be $377.42 and you would pay $2,645.48 in interest.

Is 700 too much for car payment?

According to experts, a car payment is too high if the car payment is more than 30% of your total income. Make sure your car payment does not exceed 15%-20% of your total income. This will ensure you have enough cash in hand to make payments for other loans, utility bills, and household expenses.

How much does a used 2014 Chevy Impala cost?

For a used 2014 Impala, expect to pay about $15,600 for a base model up to around $21,000 for a top 2LTZ model. Prices vary depending on the vehicle’s mileage, features, condition, and location. Want to trade-in or sell your current car? Get an instant cash offer that can be used toward the purchase of your next car.

Does the 2014 Chevy Impala Lt have a V6 engine?

V6 Only To Start. Our 2014 Chevrolet Impala LT test car has the same direct-injected 3.6-liter V6 engine used in last year’s Impala. Given that this large sedan weighs around 3,800 pounds (a gain of 125 pounds over the old car), Chevrolet officials expect most buyers to get the V6.

Is the Chevrolet Impala a good car to buy?

The Chevrolet Impala lacks the performance-oriented powertrain choices of the Ford Taurus, the in-your-face attitude of the Dodge Charger, or the fuel-sipping full hybrid of the Toyota Avalon. If you live on the bleeding-edge, other segment choices might better suit your tastes.

What are the downsides of a Chevy Impala?

Although the 2014 Chevrolet Impala is one of the more affordable large cars, it has a classy interior and feels nimbler than its rivals. Downsides include rear seats that sit too low and an infotainment system that’s slow to respond.