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diddiyo · 01-25-2009, 06:47 PM

let's say my monthly payment is $400 for 48mo, but i decide to pay off $500 instead of $400 for a few months.
does that lower my monthly payments for the rest of the 48mo, or do the payments stay the same but the number of months changes?

sorry, first time car buyer here... thanks in advance!

01-25-2009, 06:47 PM	#1
diddiyo Drives: . Join Date: May 2008 Location: . Posts: 3,053	question in regards to monthly payments let's say my monthly payment is $400 for 48mo, but i decide to pay off $500 instead of $400 for a few months. does that lower my monthly payments for the rest of the 48mo, or do the payments stay the same but the number of months changes? sorry, first time car buyer here... thanks in advance!