How can you save money on paying off a car loan?

I would like to do that for paying off my car from a loan I got from my credit union. The principal is not that big and I can pay that off probably in one lump. I would like to save money on interest or avoid paying interest by paying off the principal in advance. Is this possible?|||Assuming you have a normal loan, part of each monthly payment is interest accrued on the principle balance since the last payment. If you pay of the principle, you save the interest that would have accrued for the remaining term of the loan. Contact the lender and ask for the payoff amount for a specific date. Interest accrues daily. The payoff amount today is slightly less than the payoff amount tomorrow.





Also, a good site is...





http://www.surveyland.org/jump.php?link=auto





Good luck|||yes, go ahead a pay it off. Dose ur credit union have a penalty for paying it off early? Evan if they do, that would be cheaper than paying all that interest.|||If you're halfway there, you paid about 70% of the interest. Put whatever you can in a savings account and just add to it every month or whatever you get paid.|||Yes, Apply For A Credit Card With 0% Interest And Pay The Car with this credit Card.. then pay the Credit Card at Cero percent.