. . Folks, I'm going to let you in on a secret that the car finance companies don't want you to know. You can legally pay off your car loan faster and for less money overall without negatively affecting your credit score, putting you in a better financial situation quicker than you ever thought possible. Hi, I'm Lauren Sallexander, your automotive insider. Now, most everyone knows that sending a little extra money each month can drastically decrease the amount of interest you'll pay back to a lender. But did you know that you can take months off of your loan and save thousands of dollars into process by making the same payment you were already going to make? You're probably wondering what the secret is. Well, it's quite simple. The answer is buy weekly payments. Now, while some have heard of paying your mortgage buy weekly, almost no one thinks to make their car payment this way. Now, the majority of Americans are paid on an every two week basis, so paying their car payment that way seems convenient and easy, right? Well, the truth is, not only is it convenient, but it can save you hundreds if not thousands of dollars by doing this one simple task. So how does it work? Well, let's take a look at an example. Now John purchased a $20,000 car. His contract term is for 72 months, and his payment is $400 a month. Now John always pays his car payment on time, but unless he pays extra, it will still take John 72 months to pay off his loan. Now Sarah purchased the same exact $20,000 car. She has the same $72 month term and $400 month payment. Now the difference is, Sarah pays her payment by weekly. Every other Friday, Sarah sends $200 a month, and Sarah will pay her car loan off seven months faster than John, saving her a ton of money. When you add up the savings, it's easy to see Sarah made the smart choice. I mean, come on. Saving on seven months or more in finance charges, can't you see why the finance companies would not want you to know? The more money you save, the less money they make. But you don't have to be an automotive insider anymore to take advantage of this money-saving tactic. The next time you borrow money on the car, all you have to do is ask that they schedule your payments by weekly and let the savings begin.