if you finance a car can you pay it off early
Benefits of Paying Off a Car Loan Early. The bottom line is that paying off a car loan early will save you money in interest payments. Imagine what you can do with the extra money: beef up your savings account, make home improvements, save for retirement, or perhaps pay off other debts.ays to Expedite Paying Off a Car Loan. Paying cash to buy a car is one way to avoid high interest charges and years of monthly car payments. But if you donât have the money on-hand to pay off your car in full, a few simple techniques can help eliminate your car debt faster.