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Can I prepay my car loan immediately?

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  • Can I prepay my car loan immediately?

    Just bought my very first car (2014 Nissan Rogue), of which the deal requires financing.
    The guy told me I have to wait at least 90 days before I can prepay the loan, but when I read the loan document, it says you can prepay at any time.
    I also heard from other dealers that in New York there's no prepayment penalty, but I'm not sure if they mean after the 90 days.
    Anybody knows?
    I will call Nissan Motor Finance to find out but thought maybe someone in the forum may know as well.
    Thanks!

  • #2
    No way for anyone on the forum to know. You would need to read your loan docs to be sure. The norm for me is to be able to pay a loan off whenever I want.

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    • #3
      Is there an app for that?
      sigpic

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      • #4
        Originally posted by TheWickerMan View Post
        Is there an app for that?
        Haha...I'm sure there's an app for everything.

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        • #5
          There could be a prepayment penalty. It depends on your loan and the T&C's.

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          • #6
            Well the only for sure way is to read all of the information on your loan documents. Asking in a public forum that has no knowledge of your documents won't get you the information that you need. I would call the financial institution that you got the loan through.

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            • #7
              I already called the finance company and paid off the loan.


              Sent from my iPhone using Tapatalk

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              • #8
                I would never dare to take out a loan to buy a car.

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                • #9
                  Yes, of course people have different situations and I do not think that there can be a really big penalty for early repayment of a car loan. I know that when I needed a small amount of cash for urgent repair of the car, I was very quickly helped to issue on the site loans in ga. So for all motorists, this may be an option to solve the problem.

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                  • #10
                    I think, Yes! But it often depends on the terms of your personal car loan. Just read the contract between you and your credit company. In my opinion, you can take the best payday loans with Bigdaddy Loans because here you can discuss all the terms and to choose the best for you.

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                    • #11
                      You're right. But there is always a good solution, even if the wallet is completely empty. To solve financial difficulties read the article and ask for help in the loan company cash cat. This will give you the opportunity to find a solution as quickly as possible and not to run around friends and acquaintances asking to borrow money.

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                      • #12
                        nice

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                        • #13
                          Guys, can someone here please recommend me any reliable loan services now? I want to buy a new car for myself so please help me with it right now.
                          Last edited by georgeeee4; August 19, 2021, 10:34 AM.

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                          • #14
                            Originally posted by georgeeee4 View Post
                            Guys, can someone here please recommend me any reliable loan services now? I want to buy a new car for myself so please help me with it right now.
                            Georgeeee4, hello! Yeah, I understand your problem and right now I would like to recommend you this https://payday-loans-cash-advance.net/CA/ cash advance California service as it's definitely the best one and you need to check everything right there. If you have any questions, then you can ask me as I have already used them.

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                            • #15
                              The contract is stronger than the words of the consultant. But next time, it's better to choose a more reliable supplier.

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