Car Loan Interest
Can I negotiate my car loan interest with the company who loaned me the $$?
I want to call the car company to see if the will offer me a lower interest loan so that I can make additional payments each month and thus pay it off early. Is this legal? Can this be done? Only serious replies here please. All others pls go elsewhere.
You might not be able get your interest lowered but you can look on your loan papers and see what your principal and interest is and on your next payment send 1 complete payment along with just the principal amount. Check you loan papers first to see if you can do that. In many cases you can. You can do this same thing with your monthly mortgage as well. This drives them crazy but they will to accept the payment.