If you’re going to do a principal-only payment then that should be an extra payment for the month, not the only payment, if that makes sense.

@ekko, thank you. I will continue letting it go to both.

@whereswaldo, so…if I make multiple double payments, the interest payment decreases? Please don’t judge me…A didn’t give access to money and I really don’t know shit about payments and my car (and it’s payment) is the only thing I have in my name.

@bodybycheetos, well there’s less interest to charge because your balance is smaller and your number of total payments due decreases. So if you pay off your car 6 months early you’re not paying the interest you would have on those 6 months had you paid only the required minimum agreed upon when you purchased it. So yes you’re saving money. If you have the option to view your pay off amount which is the amount you’d pay right now if you paid your car in full today you will notice the amount is less than the balance it says you owe if you didn’t do a pay off today. Sorry if that’s confusing.

@bodybycheetos, SAME lol. And as you can see I feel so dumb that I only felt comfortable asking my internet people on Mom Life instead of the people I know in my life haha