$40,000 car loan: monthly payments by term and interest rate
A $40,000 car loan costs between $603.71 and $1,235.08 a month at 7% APR, depending on the term. Pick a term below to see the full cost, or use the table to compare rates.
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Monthly payment on $40,000 by term and APR
Read across for the interest rate and down for the length of the loan.
$40,000 car loan: monthly payment
| Term | 4% APR | 5.5% APR | 7% APR | 9% APR | 12% APR | 15% APR |
|---|---|---|---|---|---|---|
| 3 years | $1,180.96 | $1,207.84 | $1,235.08 | $1,271.99 | $1,328.57 | $1,386.61 |
| 4 years | $903.16 | $930.26 | $957.85 | $995.40 | $1,053.35 | $1,113.23 |
| 5 years | $736.66 | $764.05 | $792.05 | $830.33 | $889.78 | $951.60 |
| 6 years | $625.81 | $653.52 | $681.96 | $721.02 | $782.01 | $845.80 |
| 7 years | $546.75 | $574.80 | $603.71 | $643.56 | $706.11 | $771.87 |
Fixed rate, equal monthly payments, no fees.
$40,000 over each term
Sources and further reading
Questions people ask
What is the cheapest way to borrow $40,000?
The cheapest loan has the lowest APR and the shortest term you can afford, with no origination fee. Compare banks, credit unions and online lenders using prequalification, which uses a soft credit check.
Results are estimates for information only, not financial advice. Read the full disclaimer.
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