4 tips to pay off your car loan fast | save on car loan interest
🤔If you want to save on interest and pay off your car loan sooner, 🧐then here are some tips for you.
👉- Extra Repayments
Make extra repayments if possible, this can be a great way to reduce the principal component of the loan.
👉- Increase Repayment Frequency
By increasing the frequency of your payments, you can pay down your loan sooner. Considering making 52 weekly payments instead of making 12 monthly payments.
👉- Round-Up Your Repayments
Instead of making the minimum repayment, round up to the nearest number. For instance, instead of paying $360 each month, you can pay $400. It's a small change, but can save you a lot of money.
😎- Refinance Your Car Loan With #CreditMax
It is always advisable to look for refinance options when you are not happy with your current interest rate. Discuss with our mortgage expert, what the cost to refinance might be and how that would compare with your current rate.
Contact us now to know more.
📞 1300 438 273
📧 [email protected]
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