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Paying off too soon will not show the banks you can pay a loan over time. They won't know that you payed the car off in full and still have it. Buying a car with CASH vs. FINANCING Share your thoughts in the comments! Check Out In Bio To Learn More!
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The first option is to pay the remaining balance of the loan at one time in one lump-sum payment. If you're interested in this option, you can find out the Should I Pay Off My Car Loan Early? Pro's & Con's 5 Powerful Reasons to Pay Off Your Car Early (Save Big!)" "Should You Pay Off Your Car Loan Early? Here's What Most People
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However, if you can pay a little more than these standard installments, it's possible that you can pay off car loan early, maybe a year or two earlier. This can I Have a 72 Month Auto Loan! (What Should I Do?!)
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Depends on the lender and state, but as a general rule you can pay the loan in its entirety as soon as your account is created and payment is