The formula to use is d = 0.5 * g * t^2.
Solving for t would give sqrt(600 ft * 2 / 32 ft/sec^2)= 6.1 seconds.
In those 6.1 seconds the car would travel (6 sec) * (40 mi/hr) * (5280 ft/mi) / (3600 sec/hr) = 358 ft away from the canyon wall, assuming the canyon wall was vertical and the horizontal speed of the car remained constant.
Heh. Good job there.
Back to my original post, think of those last seconds during the final plunge!