Because auto loans tend to have the interest payments made upfront, paying an auto loan off early tends to have much less impact than with other loans... For example, I've been making payments on my car loan at more than double what the loan calls for since the outset 1.5 years ago. For the first few months, only $50-$100 (of my $500 payment) went to principle, the rest went to pre-paying the interest that would eventually accrue. So even though I will be paying off my 5yr loan in less than 2yrs, I'm still only saving less than $100 of interest.
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"Praestantia per minutus" ... "Acta non verba"
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