Accelerated Auto Loan Payoff

Accelerated Auto Loan Payoff

By making a small additional monthly payment toward principal, you can greatly accelerate the term of your auto loan and, thereby, realize tremendous savings in interest payments. Use this calculator to help estimate the potential time and interest savings.

Loan Information

Original loan balance ($) Annual percentage rate (0% to 40%) Initial term in months (4yrs=48) (1 to 120) Number of payments already made (1 to 360) Proposed additional monthly payment ($)

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