[shoestring]

My husband and I are trying to pay the car off quickly, so we've increased the payment. We were paying $900 each month but now are paying $1000. I hope we can sustain the extra $100 so we can pay it off a few months earlier.

[CheapChica]

You guys should be able to pay it off earlier if you keep this up, just making one extra payment a year will help you pay it off earlier. Although, the easiest way to pay a car note off earlier is to lower the interest rate, but how many people can make that happen?

[shoestring]

I'd love the lower the interest rate, but it's already 3.59% so I can't complain too much. Our current payment isn't easy to make, but it's about 3 times the required payment so I estimate we will pay the car off in 2 years instead of 5, which isn't too shabby! Then that money can be applied to other debts we have.