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How to pay off a car loan faster
Paying off your car loan early can save money in certain cases.
The better you understand how loans work and how lenders think, the better equipped you are to save on your loan.
— Pippin Wilbers
About the author
Pippin Wilbers is a Bankrate editor. He joined the personal loans team in 2024, though he's also contributed work on the auto loans, credit cards, student loans and small business loan verticals. Pippin is passionate about demystifying complex topics, such as car financing or finding the best personal loan, and helping borrowers stay up-to-date in a changing and challenging borrower environment.
Pippin stays on top of industry news sources, such as TransUnion and Experian. Working with reporters Hanneh Bareham and Denny Ceizyk, he analyzes industry data and trends and asks: "What does this mean for borrowers?"
Pippin lives in Denver. Before joining Bankrate, he brought vital news to his community as a small-town newspaper reporter. In his spare time, he enjoys foraging for mushrooms, reading, and dabbling in amateur entomology.
The better you understand how loans work and how lenders think, the better equipped you are to save on your loan.
— Pippin Wilbers
Paying off your car loan early can save money in certain cases.
You may be charged to return your leased vehicle to the leasing company.
A car loan rate shouldn’t exceed your state’s usury rate. Find out what you can do if it does.
Your car can be a rolling business that earns money — whether or not you’re driving.
Car dealers may try to sneak fees past you. Question these if they appear on your invoice.
A car-buying service can save money. Follow these tips to decide if it’s right for you.
Secured and unsecured loans can both operate as debt consolidation loans.
Finding a car loan is no easy feat right now thanks to economic pressures.