<prompt> Human: Hey guys, I bought a fully loaded 2012 Kia Optima Hybrid in April of 2016. My payments are 357 per month and I have just over 15k left on the loan. Now, I have the ability to put 50-100 down extra per month towards the principal. Just curious if that would make a difference in the term of the loan which in which I have 62 payments left. Thanks for all your advice!  <response>: Just curious if that would make a difference in the term of the loan which in which I have 62 payments left.Of course it would. At a very base level, if you make 100 in extra payments per month youll make the equivalent of 3-4 extra payments per year 1200 357 which is the same as shaving 3-4 months off your loan. Do that for 3 years and youve made an extra years worth of payments.However, its better than that because extra payments reduce the amount of interest you have to pay so more of your payment will go toward principle. The higher your rate, the more you save.If you want precise numbers, there are tons of calculators on the net that will tell you how much moneytime youll save by making extra payments. 