Can I make a principal payment on my auto financing?
Yes, as long as you’re up to date with your payments, you can make an additional, principal-only payment. A principal-only payment is separate from your monthly payment and you’re still responsible for making your monthly payment.
For example, if your monthly payment is $400 and you want to make an additional, principal-only payment of $500, you should make both payments. If you only make the $500 principal-only payment, that will not cover or count towards your regular $400 monthly payment.
You can submit a principal-only payment through your dashboard.
- Select Menu
- Select Manage Payment
- Select Make One-Time Payment
- Select Principal Amount option
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