Can You Pay the Principle Only on a Car Loan?

Tony,

I once heard that if you pay on your car loan every fifteen days that your money goes towards the vehicle principle and not the intrest. Is this true?

Thanks,

James

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Hi James,

I've heard of this with mortgage loans, but never with car loans. Contact your car loan lending institution and ask them if they have any such programs.

All my best...

Tony Iorio
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