PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
What are some tips to pay off your car loan faster?
I want to pay off my car loan faster to focus on saving for a home. What are some tips I can use to pay the car loan off faster?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
If you want to rid yourself of added debt, follow these tips:
- Refinance the car loan if your interest rate is currently high
- Double up on monthly payments
- Make lump-sum payments
- Round your loan amount up
Doing all of these things or a combination thereof should put you on the fast track for getting rid of your car loan. Keep in mind, however, some lenders have prepayment penalties, so you may want to check before you pay off your entire loan.
To save more money, you should take a look at your car insurance rate. The best way to do this is by comparison shopping with
Jerry
. Sign up in minutes and find the savings you need to pay your car loan off early.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
