A longer car loan term can mean more of you payment goes to interest.
If you are one of the 40 percent of car buyers with 72-month car loan term, then you are likely to pay more interest over the life of loan and could end up with less equity in your vehicle at trade-in. Biweekly car payments or an accelerated payment plan can help you reduce interest and build equity out of your new car purchase.
Fight high interest rates
Do you have a car loan with a high interest rate? One way to lower the total cost of your car is to use a biweekly car payment or an accelerated car payment plan. The extra payments to principal will chip away at your loan balance early in the life of the loan. The results are an early payoff and money saved interest payments.
AUTOMOBILE ERASER TOOLKIT
Do you have a car loan with a high interest rate? One way to lower the total cost of a car is to use a biweekly car payment to accelerate your pay off. Our AUTOMOBILE ERASER TOOLKIT includes the enrollment of one auto loan. For your peace of mind, BWMA performs regular audits to ensure accuracy and lender accountability. Why pay more than necessary?