84 Month Car Loan Calculator (7 Year)
Long-term auto loan calculator. See the hidden cost of 7-year car financing.
Vehicle Details
Est. $300-$600
Trade-In (Optional)
Enter 0 if paid off
Most states allow this. Uncheck if your state doesn't.
Financing
Estimated Monthly Payment
for 84 months
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Analysis: Buying a $40,000 Car
WARNING: An 84-month loan keeps you 'upside down' (owing more than the car is worth) for 4-5 years. Only use if absolutely necessary.
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Frequently Asked Questions
What is the monthly payment for a $40,000 car loan?
At a 8% interest rate over 84 months, the payment is approximately $623. This includes interest but excludes insurance and maintenance.
How much interest will I pay on a $40,000 loan?
Over 84 months at 8%, you will pay roughly $6000 in total interest. Shortening the term to 72 months could save you significantly.
Does this include sales tax?
Yes, our calculator includes an estimated Sales Tax field (default 6.5%) and Title Fees to give you a realistic 'Out the Door' payment.