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Ways to Avoid Paying More on Your Car Loan
To avoid paying more on your car loan try to send more than the minimum balance due. Every additional month that you allow your loan to go it will only add more interest. You can pay on the principal of the loan. Write a second check to the loan company (be sure to write 'Principal Only' on the memo) that way the extra money won't be applied to your next months bill. By dooing this, you will pay off your loan earlier and you won't end up adding up the interest for the full length of the loan.