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2. Should you pay off your car loan early? - AOL

   www.aol.com/finance/pay-off-car-loan-early...

   That extra amount should go directly toward the principal, especially if you specify that intention when you make your payment. Use an auto loan early payoff calculator to find out how much you ...

3. How to calculate interest on a car loan - AOL

   www.aol.com/finance/calculate-interest-car-loan...

   If you do pay off your loan early, you will save more money with a simple interest auto loan. ... Free, online auto loan calculators allow you to skip the pencil and paper and instantly determine ...

4. 5 Strategies for Paying Off Car Loan Early - AOL

   www.aol.com/5-strategies-paying-off-car...

   You can pay off your car loan early using several effective strategies, but before you do, consider any potential penalties and effects to your credit score. ... (five-year) loans. Car Loan ...

5. Rule of 78s - Wikipedia

   en.wikipedia.org/wiki/Rule_of_78s

   A loan of $3000 can be broken into three $1000 payments, and a total interest of $60 into six. During the first month of the loan, the borrower has use of all three $1000 (3/3) amounts. Hence the borrower should pay three of the $10 interest fees. At the end of the month, the borrower pays back one $1000 and the $30 interest.

6. Amortization calculator - Wikipedia

   en.wikipedia.org/wiki/Amortization_calculator

   An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process.. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

7. How to calculate loan payments and costs - AOL

   www.aol.com/finance/calculate-loan-payments...

   Starting loan balance. Monthly payment. Paid toward principal. Paid toward interest. New loan balance. Month 1. $20,000. $387. $287. $100. $19,713. Month 2. $19,713. $387

8. Prepayment of loan - Wikipedia

   en.wikipedia.org/wiki/Prepayment_of_loan

   In general, only borrowers who expect to keep their loans for many years should opt for below-market interest rates by paying mortgage origination points or forgoing automobile rebates. Homeowner prepayment decisions are impacted by a number of variables and are notoriously hard to predict, adding another layer of uncertainty to investing in ...

9. 5 debts to prioritize paying off before retirement - AOL

   www.aol.com/finance/debts-to-pay-off-retirement...

   3. Auto loans. After personal loans, focus on paying off auto loans next if it makes sense. The average car loan rate is 8.40% for five-year terms and 8.76% for six-year terms, with the average ...