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?

Answer
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.
Eric Schad
Answered on Nov 03, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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