What are some ways that I can pay off my car loan quicker? I want to get rid of it as soon as I can since I’m about to go back to school and get into way more debt.
. Try to find a loan with a shorter repayment period. You’ll probably need to make larger payments each month, but you’ll be on track to pay off the loan faster.
Instead of making the recommended payments, round up each payment to the nearest $50 (or $100) to pay your loan off quicker.
Make at least one large payment extra each year.
Don’t skip payments, even if your lender offers you the option.
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