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tbone1111 t1_jegw9mr wrote

You're absolutely right, but as the commenter said, you may be barred from paying too much too soon. Check your contract

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Dynasty__93 OP t1_jegynxx wrote

There are contracts out there that make it impossible to pay off a loan too quick? That is crazy!?

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Scary-Celebration-98 t1_jeh44ml wrote

Yep, credit unions are nasty for that. Private lenders like chase, not so much. Mustang was financed through credit union. Prepayments beyond $1000 were not allowed. No more than 2 prepayments a year.

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