Want to see what you can save by paying a little extra every month? We think you’ll like it.
Are you the type that likes to work the system? Use this auto loan payoff calculator, and see how putting down a bit extra every month can actually shorten the life of your loan. Every little bit helps, but don’t take our word for it. See for yourself.

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Loan term shortened by
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Total interest saving
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You may be able to afford a loan amount up to
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Your monthly payment would be
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Monthly payment saving
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Monthly payment
0(current)
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Interest saving
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Interest payment
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Annual fuel savings with the new car
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*APR is the Annual Percentage Rate or the cost of your credit at a yearly rate.
How to pay off a car early and save money- Think what you might do with no monthly car payments in your budget. Take more vacations, enjoy more evenings out or build up a savings pot for the future, perhaps. Whatever it is, pay off your car early and not only is that debt behind you, but you may have made a decent saving in interest charges, too. There are several common approaches to paying off a vehicle early, which center on making more frequent payments; regular extra payments; an occasional large payment; a combination of these, and refinancing. Start off by getting familiar with the details of your current contract, such as the amount, term and...
How do auto loans work?- So how do auto loans work? Since most people buying a new or used car opt for financing it’s an important question, and understanding the answer will help you in the purchase process. To summarize, you take out a car loan with a lender to pay for the purchase of a vehicle and, by signing the loan contract, agree to pay back the money in installments over the course of the loan, according to its terms. These terms include key factors like the finance charge, loan duration and the size of the monthly payment. Most auto loans are simple interest loans. Your monthly payment is made up of...