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Do you save money if you pay off car loan early?

Amelia Baker | 2023-06-04 20:14:45 | page views：1056
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Charlotte Patel

Studied at the University of Cape Town, Lives in Cape Town, South Africa.
Yes, you can save money by paying off your car loan early. Because you are most likely more than halfway through your loan, most of your payment is currently going toward the principal. That means your savings may not be substantial if you are planning to just add a small amount to the monthly payment.Jul 8, 2011
2023-06-09 20:14:45
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Olivia Walker

QuesHub.com delivers expert answers and knowledge to you.
Yes, you can save money by paying off your car loan early. Because you are most likely more than halfway through your loan, most of your payment is currently going toward the principal. That means your savings may not be substantial if you are planning to just add a small amount to the monthly payment.Jul 8, 2011
Can you save by paying off car loan early? | Bankrate.com
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