How to pay off a car loan faster
Paying off your car loan early can save money in certain cases.
Kellye Guinan is a Bankrate editor. She joined the team in 2024 with seven years of experience already under her belt covering everything from auto loans to debt consolidation. Her journey started the same as most people, with little knowledge of the finance world outside budgeting basics.
Kellye helps others navigate auto and personal loans. At her core, she believes people deserve to make the most of their money and feel confident managing their finances, so she strives to write about personal finance in ways everyone can understand. Her goal is to break down the most complex aspects of personal finance into manageable tips paired with expert advice.
In her free time, she loves studying languages and reading an absurd amount of books. You can often find her around Chattanooga drinking bubble tea and lounging by the river. And yes, she will talk your ear off about the importance of smart budgeting — even when she’s not working.
No one is born with an innate knowledge of finance, but everyone can learn it if they have access to the right tools. She wants to ensure the advice, articles and comparisons she works on are factual without being bogged down by jargon. When we approach difficult topics with empathy and understanding, we succeed.
Paying off your car loan early can save money in certain cases.
Low monthly payments are attractive, but a long RV loan term can add thousands.
Earnest and LendingClub offer personal loans with fair credit in mind.
Co-signing and co-borrowing have their own pros and cons.
A recourse loan determines which assets a creditor can seize if you default.
Holiday loans let you stretch your gift-buying budget, but that doesn’t mean they’re a good idea.
Why do lenders look at credit reports? Learn about lender approval factors.
It doesn’t take long at all to complete an application or receive your loan.
Time your car loan refinance right to receive the maximum benefits.
Car dealers may try to sneak fees past you. Question these if they appear on your invoice.
Installment loans can be useful, but inflexible. Try these options instead.
A car loan rate shouldn’t exceed your state’s usury rate. Find out what you can do if it does.
Navy Federal is a credit union that offers new and used auto loans and refinancing solutions for members of the armed forces and qualifying relatives.
Online platform iLending’s extensive lender network offers some of the lowest starting refinance APRs in the industry.
If you’re thinking about refinancing a personal loan, check these factors first.
Here are viable alternatives to Apple Pay Later that could work for you.