Can I pay an extra monthly car payment to speed up the pay-off, like on my mortgage?

Can I pay an extra monthly car payment to speed up the pay-off, like on my mortgage?
by

1 Answer

Answer :

Yes, if you are paying of a car loan, there is no penalty for paying over your monthly payment. However if your monthly car payment is on a lease agreement you will have to refer to the terms of your lease as to what is allowed.
by

Related questions

Can I use a monthly payment calculator to find out how long it will take to pay off my mortgage?

Description : Can I use a monthly payment calculator to find out how long it will take to pay off my mortgage?

Last Answer : A house is the largest purchase most of us will ever make so it's important to calculate what your payment will be and how much you can afford. The mortgage calculator will show you how much your ... effect of adding extra payments. Watch our "How To" video on how to use the mortgage calculator.

How much is your monthly mortgage payment on your house in your town?

Description : How much is your monthly mortgage payment on your house in your town?

Last Answer : Half that, east tn in the burbs

How can a person lower their FIXED APR monthly mortgage payment?

Description : How can a person lower their FIXED APR monthly mortgage payment?

Last Answer : answer:Carving out the taxes and insurance does lower your monthly payment, but it doesn't really lower how much money comes out of your checking account overall. So it is really an illusion. Other than what ... the mortgage. I will be curious to see if someone can come up w/ something for you .

How to Use a Mortgage Calculator to Estimate Your Monthly Payment?

Description : How to Use a Mortgage Calculator to Estimate Your Monthly Payment?

Last Answer : If you are house shopping, you may be wondering how much you will be paying in monthly mortgage payments. You can find estimated monthly through online mortgage calculators. There are many sites with ... your loan rate yet, you can estimate it by searching for current mortgage rates.Now you are

Where can I find a monthly payment calculator for a mortgage?

Description : Where can I find a monthly payment calculator for a mortgage?

Last Answer : Mortgage payment calculators are available on the web. Calculating the period of the mortgage in years against interest it will describe the term and total of repayments. It will also calculate overpayments

What will the monthly mortgage payment be on a $115,00 home mortgage in Volusia County, Florida at 3.5% interest for 30 years?

Description : What will the monthly mortgage payment be on a $115,00 home mortgage in Volusia County, Florida at 3.5% interest for 30 years?

Last Answer : You can figure out the mortgage payment by using a mortgage calculator tool to breakdown the monthly payments over time. I would input the details to get the final figures.

My husband got laid off and I don't know if I able to pay my property tax> Do you think I can make payment arrangement to them like monthly payment.?

Description : My husband got laid off and I don't know if I able to pay my property tax> Do you think I can make payment arrangement to them like monthly payment.?

Last Answer : Definitely call the County Assessor Office and let them know that you are having difficulties. Start immediately making regular, same-size payments. Try to establish an amount that will clear the amount ... it is assessed next time. Even if the office is reluctant to agree, send payments anyway.

How much money will I save by making a weekly mortgage payment with an extra $30 per payment?

Description : How much money will I save by making a weekly mortgage payment with an extra $30 per payment?

Last Answer : This calculator lets you plug in the details of your loan and the impact of extra payments. Welcome to the collective, by the way.

Is PETA acting ethically when they're offering to pay Octomom to advertise on her front lawn in exchange for mortgage payment?

Description : Is PETA acting ethically when they're offering to pay Octomom to advertise on her front lawn in exchange for mortgage payment?

Last Answer : Phhhtt. PETA exploits all the time. I despise, despise, despise that woman that exploits her kids. I sooooo want to punch her in the face. And then give her a tubal ligation while she’s unconscious.

How much would my monthly payment for my car be?

Description : How much would my monthly payment for my car be?

Last Answer : answer:Depends upon how much you put up front and what the interest rate is. Lots of online calculators for this. Will you have to pay some money when you get the car? Of course you will.

Need a new car no co payer no down payment. Can just afford monthly payments what do I do?

Description : Need a new car no co payer no down payment. Can just afford monthly payments what do I do?

Last Answer : Never purchase anything over time if you can only “just afford the monthly payments”. You are only one “emergency” away from suddenly not being able to make those payments. A lot of us have had to learn this the hard way.

A family spends ₹500 monthly as a fixed amount on milk and extra milk costs ₹ 20 per kg. Taking quantity of extra milk as x and total expenditure on milk as y. Write a linear equation and fill the table. -Maths 9th

Description : A family spends ₹500 monthly as a fixed amount on milk and extra milk costs ₹ 20 per kg. Taking quantity of extra milk as x and total expenditure on milk as y. Write a linear equation and fill the table. -Maths 9th

Last Answer : Solution :-

if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Description : if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Last Answer : This link shows all shelter in Texas. http://www.homelessshelterdirectory.org/texas.html

A violation of the ethical standards would most likely have occurred when a CPA a. Made arrangement with a bank to collect notes issued by a client in payment of fees due. b. Joined an accounting firm made up of three non-CPA practitioners. c. Issued an unqualified opinion on the 2006 financial statements when fees for the 2005 audit were unpaid. d. Purchased a bookkeeping firm's practice of monthly write-ups for a percentage of fees received over a three-year period

Description : A violation of the ethical standards would most likely have occurred when a CPA a. Made arrangement with a bank to collect notes issued by a client in payment of fees due. b. Joined an ... bookkeeping firm's practice of monthly write-ups for a percentage of fees received over a three-year period

Last Answer : Issued an unqualified opinion on the 2006 financial statements when fees for the 2005 audit were unpaid

A violation of the ethical standards would most likely have occurred when a CPA a. Made arrangement with a bank to collect notes issued by a client in payment of fees due. b. Joined an accounting firm made up of three non-CPA practitioners. c. Issued an unqualified opinion on the 2010 financial statements when fees for the 2009 audit were unpaid. d. Purchased a bookkeeping firm's practice of monthly write-ups for a percentage of fees received over a three-year period.

Description : A violation of the ethical standards would most likely have occurred when a CPA a. Made arrangement with a bank to collect notes issued by a client in payment of fees due. b. Joined an accounting ... firm's practice of monthly write-ups for a percentage of fees received over a three-year period.

Last Answer : Issued an unqualified opinion on the 2010 financial statements when fees for the 2009 audit were unpaid

what type of grant would help to pay off about $35,000 mortgage loan for senior citizens?

Description : what type of grant would help to pay off about $35,000 mortgage loan for senior citizens?

Last Answer : what type of grant would help to pay off a mortgage of about $35,000 loan for senioir citizens?

Typical down payment and monthly payments on a used truck?

Description : Typical down payment and monthly payments on a used truck?

Last Answer : answer:Rule of thumb if I recall correctly is $20 a month payment for every $1000 total principle. This is assuming an average interest rate (like 3-6% range). If your interest is higher, your monthly ... CU offered me an interest rate around 5%. My payments were going to be in the $180-$220 range.

Will my monthly payment due change because I spent to much on my Credit Card? (More detail inside...)

Description : Will my monthly payment due change because I spent to much on my Credit Card? (More detail inside...)

Last Answer : Your payments go up according to the current charges. If you paid the card back down to it's original balance that generated the $25 monthly payments, then yes, the balance of payments will be ... this month and only paid $59, the payments will remain elevated until the balance comes down again.

Suppose I borrow money from X and I authorize my bank to make monthly payments directly from my checking account. Now, I want more flexibility by paying either online or by check. X refuses to let me do this. But my bank refuses to "stop payment" on these tranfers even though its my money and it has no obligation to X. What's the law on this?

Description : Suppose I borrow money from X and I authorize my bank to make monthly payments directly from my checking account. Now, I want more flexibility by paying either online or by check. X refuses to let me do ... tranfers even though its my money and it has no obligation to X. What's the law on this?

Last Answer : answer:Hmm, I suppose you're from USA. Don't know the laws there, but here in Slovenia, we handle things like this by calling and yelling at the lady on the other side and things get fixed eventually. But ... what you can't do with you money. I'd threaten them I'm gonna change the bank or smthng.

Is there a general calculation used to figure the monthly payment amount on income based apartments?

Description : Is there a general calculation used to figure the monthly payment amount on income based apartments?

Last Answer : No, because you need to take into many factors, such as size, rooms and location for the calculation.

how much the enterest rate today and how much the monthly payment of 400,000 and five years fix?

Description : how much the enterest rate today and how much the monthly payment of 400,000 and five years fix?

Last Answer : The payment depends on how much you put down and how much they charge for insurance. interest is 5+

what would a monthly payment run on a 30 year note & a $60,000 loan?

Description : what would a monthly payment run on a 30 year note & a $60,000 loan?

Last Answer : Assuming your mortgage rate is about 6%, the monthly principal and interest payment would be about $360. Your Mortgage rates might be higher though because of the financial problems.

where does one find a monthly payment calculator?

Description : where does one find a monthly payment calculator?

Last Answer : Monthly payment calculators are useful to use to find out how much you need to repay each month on your loan. You can learn more about these from the website of any major bank or mortgage broker.

How much is the monthly payment on a 5000 loan?

Description : How much is the monthly payment on a 5000 loan?

Last Answer : The amount of interest on 5000L for five years would depend on where you are borrowing the money from and what the prime rate is at that time. Call your local bank and find out the prime rate.

The payment of occasional dispatch is made to the Railway authorities a) Annually b) Quarterly c) Half Yearly d) Monthly

Description : The payment of occasional dispatch is made to the Railway authorities a) Annually b) Quarterly c) Half Yearly d) Monthly

Last Answer : b) Quarterly

The payment of weighment system is made to the railway authorities a) Annually b) Quarterly c) Half Yearly d) Monthly

Description : The payment of weighment system is made to the railway authorities a) Annually b) Quarterly c) Half Yearly d) Monthly

Last Answer : c) Half Yearly

The payment due in connection with posting of Regd News paper without prepayment is to be made a) Quarterly b) Monthly c) Weekly d) fortnightly

Description : The payment due in connection with posting of Regd News paper without prepayment is to be made a) Quarterly b) Monthly c) Weekly d) fortnightly

Last Answer : d) fortnightly

Budget card requires monthly payment on behalf of that ______.(a) holder b) banker c) seller)

Description : Budget card requires monthly payment on behalf of that ______.(a) holder b) banker c) seller)

Last Answer : (a) holder

Payment made by an employer to employee monthly, other than salary is called …………. A) Bonus B) Allowances C) Benefits D) None of these

Description : Payment made by an employer to employee monthly, other than salary is called …………. A) Bonus B) Allowances C) Benefits D) None of these

Last Answer : B) Allowances

Should I make this last mortgage payment?

Description : Should I make this last mortgage payment?

Last Answer : Pay it !

I am not on the mortgage to the house. Will the mortgage company still give me the legal documements I need after making the final payment?

Description : I am not on the mortgage to the house. Will the mortgage company still give me the legal documements I need after making the final payment?

Last Answer : If the company thinks your husband is alive, wont they send a document to your house when it's paid off? I don't see how the mortgage company isn't aware he's dead? I guess maybe they aren't ... with the help of a lawyer. It's a simple procedure to get it fixed, assuming you have no children.

Does this mortgage payment sound realistic?

Description : Does this mortgage payment sound realistic?

Last Answer : What’s the amortization? If you’re working with a mortgage broker then you should be able to trust what he says your payments will be as long as your ok with the amortization.

What happens if you make your final mortgage payment but the primary borrower on the mortgage is deceased?

Description : What happens if you make your final mortgage payment but the primary borrower on the mortgage is deceased?

Last Answer : It is not a matter of who is on the note, it is who is on the deed. This would probably change according to state laws. The house might have needed to go into probate upon the holder of the deed’s death. In some states it just automatically goes to the spouse (in the absence of a will.)

Mortgage payment as a percentage of gross income?

Description : Mortgage payment as a percentage of gross income?

Last Answer : The 28% is simply a guideline that should include PITI (principal, interest, taxes & insurance), but in some cases- you can exceed that 28% with excellent credit. It can also be affected when you take into ... To Value ratio). It's a great time to buy if it's feasible for you. Good luck!

How to compute mortgage payment based on purchase price of house alone?

Description : How to compute mortgage payment based on purchase price of house alone?

Last Answer : Need Answer

How to get a low mortgage payment?

Description : How to get a low mortgage payment?

Last Answer : The following ways are useful to lowering your mortgage payment. 1) Extend your repayment system. 2) Refinance your mortgage. 3) Make a larger down payment. 4) Rent out part of your home. 5) Get rid of your PMI.

How do I go about getting a title loan so I can make a mortgage payment?

Description : How do I go about getting a title loan so I can make a mortgage payment?

Last Answer : You will find auto title loan companies in your community. Take the title to your car with you and talk to them about a loan. Your car title will be your security for repaying the debt. Just be ware if you do not, they can repossess your vehicle.

Where can I find a free online mortgage payment calculator?

Description : Where can I find a free online mortgage payment calculator?

Last Answer : There is online calculator you can work on to make sure the mortgage payment you are afford to pay, or you can go to the bank, they probably figure it out for you as well, here is the site: www.mortgagecalculator.org/

Why use a mortgage payment calculator?

Description : Why use a mortgage payment calculator?

Last Answer : Mortgage payment calculators can be a good foundation if you just need to know some of the basics. There are a wide array of costs that can be associated with your mortgage that won't show while you ... won't show up on a vast majority of calculators, as well as the ever important escrow fees.

How to Use a Mortgage Payment Calculator?

Description : How to Use a Mortgage Payment Calculator?

Last Answer : When you're in the market for a new home, figuring out how much you can afford is essential. Instead of taking the time to go to the bank and find out how much a mortgage payment would be, you can ... made the proper calculations, you can get a realistic idea of what it will cost to buy a new home.

Is there a way to lower mortgage payment?

Description : Is there a way to lower mortgage payment?

Last Answer : One of the best ways to reduce mortgage payments is to do a mortgage refinance as long as the new mortgage interest rate is at least two to three percent lower than the current rate and there ... penalty is a fee charged by the lender if a mortgage loan is refinanced before the prepayment expires

Will a mortgage calculator help you determine your mortgage payment?

Description : Will a mortgage calculator help you determine your mortgage payment?

Last Answer : A mortgage calculator will definitely help you determine your mortgage payment. The calculator will help you decide what mortgage is right for you by allowing you to see what types are out there and the current interest rate.

What is a mortgage payment calculator?

Description : What is a mortgage payment calculator?

Last Answer : A mortgage payment calculator will calculate your monthly mortgage payments. You can find a full list of helpful information at: www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx

Do you have to pay a monthly service for your car alarm too?

Description : Do you have to pay a monthly service for your car alarm too?

Last Answer : Some car alarms are automatically included in the car and do not require a monthly payment. However, there are some car alarms, such as the GPS car alarm, which can be installed for life or require a monthly payment.

Are you off on Martin Luther King Day? If you are, are you paid for it? If you work, do you get extra ("holiday") pay?

Description : Are you off on Martin Luther King Day? If you are, are you paid for it? If you work, do you get extra ("holiday") pay?

Last Answer : No, because that is not a holiday here.

How does paying extra on my house payment affect my principal and interest?

Description : How does paying extra on my house payment affect my principal and interest?

Last Answer : It lowers your principal and thereby the amount you pay out in interest, but it won't affect your contractual interest rate. Paying down a mortgage early is an excellent idea. Many people with 30 year mortgages ... in Europe or Asia. And you'll always have a home to come to when you're done.

Is there any method other than check payment to pay off my credit card bills?

Description : Is there any method other than check payment to pay off my credit card bills?

Last Answer : Yes, most credit cards allow you to link a checking or savings account of your choice. Then you simply transfer the amount you’d like between the two.

If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during this time. b. pay within the discount period and recognize a savings. c. pay within the credit period but don't take the trouble to invest the cash while waiting to pay the bill. d. recognize that the supplier is desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Description : If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during ... desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Last Answer : b. pay within the discount period and recognize a savings.

When the liquated company has adequate cash to pay off all liabilities , the interest on liabilities should be paid : a) Upto the date of commencement of insolvency proceedings b) Upto the date of actual payment of liabilities c) Upto the date of payment to shareholders d) None of the these

Description : When the liquated company has adequate cash to pay off all liabilities , the interest on liabilities should be paid : a) Upto the date of commencement of insolvency proceedings b) Upto the date of actual payment of liabilities c) Upto the date of payment to shareholders d) None of the these

Last Answer : d) None of the these

What is the benefit to companies which pay bi monthly vs every two weeks?

Description : What is the benefit to companies which pay bi monthly vs every two weeks?

Last Answer : Is 2 times a month not 2 weeks?