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A longer car loan term can mean more of your payment goes to interest.

If you are one of the 40 percent of car buyers with 72-month car loan terms, then you are likely to pay more interest over the life of the loan and could end up with less equity in your vehicle at trade-in. Bi weekly car payments and other accelerated payment plans can help you squeeze more interest and equity out of your new car purchase.

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Fight high interest rates

Do you have a car loan with a high interest rate? One way to lower the total cost of car is to use a bi weekly car payment to accelerate your pay off. Extra payments to principal will chip away at your loan balance early in the life of the loan.

Owe less at trade-in.

Accelerating your auto loan payments also put you in a better equity position sooner in the life of the loan which means you will owe less on your loan at trade-in. You can determine just how much you stand to benefit by entering your loan information into our auto loan calculatorLet the numbers speak for themselves.

Call a loan specialist today at (800) 894-5000 and start putting your money back into your pocket, rather than the banks. Once you enroll your car loan, you become a member of AutoPayPlus and you can add your mortgage, student loans, and more for additional benefits. See more about our pricing here.

Owe-Less

91% of People Who Trade-In Their Cars Still Owe Money

On a $24,500 car loan at 7% with a 66-month term, the biweekly option is clearly the winner over a conventional payoff strategy.

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Join today for interest and term reduction and to avoid missing payments.