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Posted in Auto Loans
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Slimloveit

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Whats the best possible way to pay off my car note? I want to reduce the principle

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Just pay extra in addition to the regular loan payment each month and tell the lender that you want the excess applied to the principle of the loan.

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You can't reduce the principal, which is the sale price of the car, but you CAN reduce the amount of interest paid over the life of the loan by adding as little as $5 to each payment,more if possible.

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