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What's the fastest way to pay off a car note?
I got a 60-month car loan, but I want to pay the loan off as fast as possible. Do you have any tips to help me do this?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Paying off a car loan more quickly can provide financial stability and flexibility that you didn’t have before. So if you’re looking for a way to pay your
car loan
off faster, you’re in luck.Some ways to pay off your 60-month loan faster include:
- Making double payments each month
- Rounding up your payments
- Making principal-only payments regularly
- Refinancing to get a better loan rate
Another way to free up some cash to pay down your car loan is to lower your monthly car insurance payment. You might be overpaying, so it’s a good idea to compare your current rate with quotes you find on the
Jerry
app. Sign up in less than a minute to compare rates from up to 50 providers.View full answer
- Gregory R.
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