Paying Off Car Loan Early Penalty

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Posted on December 21, 2018 at 00:00 AM

Reviewed by on Wednesday January 23 2019 Admin 3 out of 7 based on 564 user ratings
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Recent Posts For Paying Off Car Loan Early Penalty

Early Loan Payoff | DMV.ORG
All lenders—including banks, credit unions, and dealerships—have their own policies when it comes to paying off car loans early; however, some lenders impose a penalty for early auto loan payoff, which perhaps is the most prevalent disadvantage to paying off your auto loan early.
Financing a car? Ask about pre-payment penalties ...
I paid 13,500 for the car, paid off 11,200 in the first 16 months of the loan and not one dime went to paying off the principal. Is this legal? The total cost of this loan was over 27,000 dollars, basically doubling cost of the car and or calculates as a 50% interest loan.
Penalty for paying off car loan early? : personalfinance
Auto Penalty for paying off car loan early? (self.personalfinance) submitted 3 years ago by Etmac88. Hey everyone, I recently purchased a used car (2011) from a dealership. I originally planned on paying 10k cash, and financing the remaining 6k thru a loan. When going over the loan, I asked if there was any penalty for paying, and was told yes ...

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