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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.
Johnny Puckett · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Monthly payments on a $40k car loan are usually around $1000.
However, this will vary based on:
If you can’t afford $1000 per month payment, you could put down a larger down payment and opt for a
longer car loan
.Before you take out your loan it’s a good idea to
get car insurance before you buy
. You can get car insurance fast with the Jerry
app. With Jerry you can compare 50+ top insurers and not have to worry about the dealership saying no because you’re not insured
. View full answer
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