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

Time to buy a new car? Wondering 'how much is the monthly payment on a 40000 dollar car?'

Nicholas Hinrichsen - Published: September 8, 2020

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.


Haven't explored refinancing yet?
WithClutch.com is a 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.

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