Voluntary termination is when you ask your finance company to end your finance payments early. This is usually only possible if you have paid over 50% of your owed amount off. There are a few other key things to keep in mind, too:
Due to interest rates and fees, reaching the ‘50% paid’ checkpoint of your finance plan won’t be the same as reaching the halfway point in terms of date, i.e., it may take longer than you think
You can request voluntarily termination at any point after 50% is paid off, but you won’t receive anything like a refund on interest if you choose to request it at, say, 70% paid-off
You will be able to end your payment plan early this way, but you’ll still have to pay the outstanding balance