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How much is the monthly payment on a 40000 dollar car?

Nicholas Hinrichsen - Published: April 1, 2021

Time to buy a new car? Wondering 'how much is the monthly payment on a 40000 dollar car?'
The monthly payment on a car depends on the following four things:

  • Out-the-door price of the car
  • Your downpayment
  • Your interest rate
  • The term of your loan

Let's assume the following:

  • $40,000 out-the-door price
  • $0 downpayment
  • 4% interest (that would be a credit score of around 740)
  • 72 months

Your monthly payment for the example above would be: $626.

That said, the above mentioned four parameters can vary widely. Therefore, I recommend you take a look at our auto loan refinance calculator to adjust the parameters to your exact situation.undefined

Haven't explored refinancing yet? Take a look at our exhaustive article about all the auto refinance companies and you will realize,
WithClutch.com is the only fully digital platform that lets car owners like you do so from the comfort of their own home. No need to set a foot in a bank or credit union. You can lower your rate or get cash in as little as 20 seconds.

Follow three simple steps to refinance your auto loan, get approved in seconds and save thousands in minutes.

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