Calculate how much you can save by paying off your auto loan early and see different payoff scenarios.
When you make extra payments on your auto loan, the additional amount is applied to your principal balance. This reduces the amount of interest you'll pay over the life of the loan and can significantly shorten your payoff timeline.
The calculator shows you exactly how much you can save by making extra payments or a lump sum payment toward your principal.
If you can secure a lower interest rate through refinancing, you may save money even without making extra payments. However, watch out for refinancing fees that could offset your savings.
Use the "New Monthly Payment" field to compare refinancing scenarios with your current payoff strategy.