How much interest would I pay over a $40,000, 48-month car loan with a 4.3% interest rate?

I want to buy a brand new Kia Telluride, but I want to make a proper budget. How much interest would I pay on this vehicle?

Answer
You’re smart to think about your budget for your new ride!
You can use an online car loan calculator to quickly and easily find out how much you would pay on this loan. Here’s a ballpark for what you would pay for $40,000, 48-month car loan for your Kia Telluride:
  • $909 a month
  • $3,610 in interest over the life of the loan
  • $43,610 overall, not including sales tax and fees
You shouldn’t forget about other expenses of car ownership. Your lender will require full coverage car insurance, so you should expect to add at least $100 a month or more to your monthly expenses—plus gas and any maintenance not covered by your warranty.
Your best bet is to shop around for insurance to get the lowest rate possible. That’s when Jerry comes in. Sign up in a few minutes,and Jerry gives you the best car insurance rates from up to 50 different insurers. Average Jerry users save $879 per year!
Eric Schad
Answered on Oct 21, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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