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One way to pay off your car loan more quickly is to increase the amount you pay each month. If you pay more than the minimum payment any extra should be applied to the principal amount of the loan. This will decrease the amount of interest you pay over the life of the loan and therefor reduce the amount of time you pay on the loan. Another option would be to use any extra money, like tax refunds, bonuses, etc. to make an extra payment on your car loan. This link has more information: http://www.carloanscalculator.com/how-to-pay-off-a-car-loan-early.html
What else can I help you with?
How can I pay off my student loans quickly?
If you want to pay off your student loans quickly, you should consider getting a job with have the benefit of loan forgiveness. These are usually public sector jobs. You should also pay a percentage of every pay check towards your loan.
Should you pay off your repo car?
You should pay off your repossessed car if you want to fix your credit quickly. If you are not worried about your credit, you can wait to pay off the car or file for bankruptcy.
Should you use your home equity loan to pay off your car loan?
I would need more details but in general, the answer is no. If you don't pay your car loan, you lose the car. If you get a home equity loan and can't repay it, you lose the house - big difference.
How do you get out of a used car loan?
To get out of a used car loan, pay off the loan or find someone else who will do that.
Does paying off a car loan decrease your credit score?
No you should see your score move some, paying off your balance on your car loan only decreases you debt ratio which in turn increase your score.
What can you do if your car is stolen and you still have a loan on the car but your insurance does not cover theft and they recover your car totaled?
YOU pay off the loan like you agreed to in the contract. You likely agreed to have ins. that covered theft also. You should have had full coverage on a car with a loan on it. Sorry, you have to pay the loan off and now you own a totaled car! Comprehensive coverage isn't that expensive and would have covered theft.
When you pay off a car loan should the lien holder send you CAR KEY?
The lein holder does not have the key to your car. They will have a title that you will be sent.
Still owe finance on car that has been written off do you still have to pay?
Yes, that is what should be done with the insurance money, pay off the car loan.
Should I pay off my 0 interest car loan early?
Paying off a 0 interest car loan early may not be necessary as you are not accruing interest. However, if you have extra funds, consider investing or saving instead.
What do you call it when someone pays back a loan quickly?
A sudden debt pay off is when someone pays back a loan quickly.
If you want to sell a 3 year old car that you are still paying for versus trading in should you apply for a loan to pay off the car loan?
I wouldn't. Contact the bank who you have the loan with before you try selling the car so you can get all of the details about how to handle the pay-off when you sell it. Find out what car dealers don't want you to know at www.dealertricks.com
If a car dealer sell you a car with a lien in the state of tenn can they do that?
If they sell you a car that was traded in, then didn't pay off the previous owner's loan, then no. If they just sell it quickly after the trade, but are processing the payoff for the previous loan, and do pay it off, then yes. Most lots have the cars on a floorplan (bought on a line of credit)which is not only legal, but is routine.
