Title: How to Pay Off Your Car Loan Early
Headings: How to Pay Off Your Car Loan Early
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How to Pay Off Your Car Loan Early
Benefits of Paying Off a Car Loan Early
Ways to Expedite Paying Off a Car Loan
1. Round Up Your Payment
2. Make Biweekly Payments
3. Make One Extra Payment a Year
4. Avoid the Skip Payment Option
Final Word

Content: How to Pay Off Your Car Loan Early
By
Valencia Higuera
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Lifestyle
How to Pay Off Your Car Loan Early
By
Valencia Higuera
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Like most everyone, I hate debt, and the thought of paying off a car loan for a number of years has always left a bad taste in my mouth. While I realize that loans can be necessary to purchase a house or pay for a college education, I take issue with the idea of financing items that unequivocally lose value. For this reason, I’ve always resolved to pay off my car loans early. Not only does this improve my monthly cash flow, but it improves my credit score as well. Benefits of Paying Off a Car Loan Early
The bottom line is that paying off a car loan early will save you money in interest payments. Imagine what you can do with the extra money: beef up your savings account, make home improvements, save for retirement, or perhaps pay off other debts. Taking out a car loan can also impact your credit, as credit scores factor in your level of debt.