Loan Calculators
Auto Loan Early Payoff
Auto Loan Early Payoff
How much interest can you save by increasing your auto loan payment? This financial calculator helps you find out.
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Making a few extra payments on your auto loan can potentially lead to enormous savings. Even by sending in a few extra dollars each month you can bring your loan balance down quicker, and end up paying less interest across the entire life of your loan. Use this calculator to learn how much you could save.
Information and interactive calculators are made available to you as self-help tools for your independent use and
are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in
regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We
encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Finance Calculators
Customer Testimonial
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Auto Loan Terminology
Simple Interest
A flat rate of interest that is not compounded, generally expressed as an annual rate. One day of simple interest is calculated by: loan balance x interest rate = daily amount of interest 365 (days in a year).
Frequently Asked Questions
I'm currently in a Chapter 13 bankruptcy. Will I still qualify?
Yes. However, it will take longer to process your loan. You have to obtain an "Authorization to Incur Debt" from the trustee to qualify for a bankruptcy auto loan. This normally takes two to three weeks. Consult your bankruptcy attorney.
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