# Pay Off Your Car Loan Months Early – Automate Small Principal-Only Payments

- Source: Money Crashers
- Published: 2026-10-19T17:11:43+00:00
- Category: Markets
- Original: https://www.moneycrashers.com/automate-car-loan-payoff/
- Canonical: https://groundlevelnews.com/story/pay-off-your-car-loan-months-early-automate-small-principal-only-payme-c7b78e/

Take a loan like that with $25,000 left at 7% and 60 payments to go, and suppose the lender applies every extra dollar to principal. By our math, rounding the $495 payment up to $550 saves about $570 in interest... Source

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