Financing, am now able to pay it off....now what?
In the United States auto loans vary as do the terms for early pay-off's of the loan so you would have to read your original contract to determine if there is a penalty for paying it off early. I have only paid one car off early and there was no penalties assessed nor did I have to pay off the interest which had not yet accrued.
Typically your payments would be based on the amount financed and the interest accrued over the length of the contract terms. So paying it off early should eliminate much of the interest that was calculated into the original payment terms.
It will not adversely effect your credit to pay it off early.
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