| Car Loan Tip No. 6 Auto Loans - Of Early Payments and Penalties Before you sign that auto loan contract, make sure that it gives you the option to make early payments. It is also wise to make sure that the contract states that payments will be applied on the loan principle and that if you pay off the loan early, you will not be penalized nor will it entail any extra costs to you. Do not be sweet-talked to by the lender into agreeing to a small fee for early payments. If he does not agree, shop for another lender.
Written by: Anthony Recto Next Car Loan Tip
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