car loan payoff

Want to pay your car off a head of time? Not too sure exactly how to do this? Read this and be on the road to no car payment sooner!

Difficulty: Moderately Easy
Instructions

Things You'll Need:
Account information
Checks
1
Gather all you car loan info. This should all be readily avalible on your monthly statement.
2
If you have Excel you can open an amoritization table in it By Clicking on the bottom tabs Insert>Spreadseet Solutions>Loan Amoritization
3
Put in your current Loan information This will help you decide how much you want to pay extra per month
4
Send the decided extra amount each month in, but do not send it with your normal payment. Write a separate check, and be sure to write "Principal Only" on the check so that way they just don't apply it to your next months bill.
5
By doing this, you will pay off your car early and pay much less in intrest across the life of the loan.