Beat Rate

how to beat the interest rate on an auto loan and still pay faster?

I have a fairly new car loan now is $ 15,936.50 with Wachovia Bank. I bought the car in Sep.2007. anyway, I did the math from my last payment you sent me, and I think it was to the interest and not my top of my car. Please help me understand how to beat the interest rate and pay my car faster?

To pay for it fast, make extra payments and send a letter with the payments, saying the bank will apply the payment to the principal balance. Otherwise, credit to the first interest. When I was a Realtor, I advise my clients to take a mortgage of 30 years and make 13 payments a year to apply a payment to the capital reduction. You'd be surprised how much that brings down the balance of your mortgage – almost cut in half. Of course, it has less impact on a car, a shorter loan, but works the same method. Good luck!

Amazing French Beat Boxer Part 3