How much will my monthly payment be on a $40k car?
"How can I calculate my monthly payments for a $40,000 car loan? I want to buy a new car. The price range that I am looking at is about $40k."
“Monthly payments on a $40k car loan are usually around $1000.
However, this will vary based on:
- the length of the loan
- the interest rate of the loan
- how much of a down payment you make on the car
If you can’t afford $1000 per month payment, you could put down a larger down payment and opt for a longer car loan.”
MORE: How to Buy a New Car
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
How can I find insurance that I can afford?
"Is there anything I can do to find a cheaper policy? I have had some really bad luck and been in a few high priced accidents in the past year. Now my renewal will be $500 per month, $375 if I take off full coverage. I can only afford about $100 per month. What should I do?"
Jul 28, 2021
What coverage would I need to protect my car's sound system?
"Is there anything I can add on an insurance policy to protect my sound system? I want coverage to make sure it's protected if stolen."
Jul 28, 2021