the best tips to pay off your car loan early:
Most of the people nowadays are buying there cars using loans or borrowing money.
And a car loan that takes about 65 to 70 months to pay off can get really disturbing.
So in this article we will try to find the best ways and tips to help pay off your car loan
early and faster.
1- don't always follow the monthly payments:
if you can do it, make your payments every two or three weeks .
Cutting weeks will help you pay your loan in 50 months rather then 60 !!
2-make one large payment a year :
in addition to your monthly or every to weeks payment , make that one large payment once a your
For example : let's say you are paying off your 20,000 dollars loan with 200 dollars every two weeks . if you make a payment with 700 dollars once a year that would buy you more months!
3- don't ever skip your payment:
skipping your weekly or monthly payments will cost your more time and extra months. We do not want that , so try to stay on schedule when it comes to your payments.
4- don't forget your other bills and debts:
Focusing only on your car loan and forgeting about your other debts is a big mistake and it can cause money problems.
Chek your payment strategy once in a while and don't hesitate to reschedule if it helps
5- choose a low-cost car :
a low cost car means less money to pay so make sure to choose the best car for you that would not cost you a lot of money
6- Be careful when buying your car insurance:
yes, try to find a cheap car insurance because your goin to be paying for this two ,search and findout the best companies that offers a low cost car insurance