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Posted in Auto Loans
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08Jeep

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If I had an additional $50 per month to by principal auto loan will I save alot

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Top Contributor
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Depends on how your loan was written.

When I tried to pay extra towards the principle on my auto loan, i was informed that there would large fees at the end of the loan to recoup lost interest. 

Try calling your lender and ask what if any charges might be incured if you pay extra toward the principle.

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