How can I pay off my car loan early?
"What are some tips to pay your car loan off more quickly? I want to pay my car loan off early, but I'm not sure how to do that."
“You can pay off your car loan early in several ways, including:
- Making an additional payment to the principal each month
- Making one larger lump sum payment a year
- Round up when you pay the monthly car note (example: Pay $500 a month on your $438 car note.)
- Refinance if it makes sense
Just make sure that your lender doesn’t penalize you for prepayment before you decide to make these payments.”
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