How to pay off a car loan early
- The maximum term of the loan
issue.
- Each month, make twenty or thirty percent more than the minimum
amount required for redemption.
- Extinguish at least thirty to forty percent of the loan, the
bank should ask for a recount of the monthly
payment.
- We need to pay attention to the existence of penalties provided
for early repayment, and then, what is the rate - fixed or
floating.
