If I have some extra money and I want to pay more

[Kind One]

money on my Auto Loan what’s the best way to pay it?

[deefined]

pay more on ur loan, simply tell them you want it applied to the principal of the loan. goodluck.

[mod_fundraiser]

Write apply extra towards principle on the the part of the statement you send in. Most loans let you do this, but double check the terms of your loan to make sure it doesn't have a condition preventing you from paying off the loan early (some do).

[theworldca]

Don't pay it. The best way is to send it to me. i'll take care of it.

[payingcollege]

Just pay it with your regular payment, anything that you pay over the stated payment goes directly towards the principle to your loan. Say for example that your Car payment is $400 per month, and you pay $400. Depending on how far into the loan that you are, most of that $400 will go towards interest. The shorter that you have been paying, the more towards interest, the longer that you have been paying, less of the payment goes towards interest. However if your payment is $400 and you make a payment of $800. That extra 400 goes directly to the principle of the loan and lowers the payoff of the loan.