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If you send in more than the payment, all the extra goes straight to the principle.
So if you send in an extra $200, it will reduce principle by $200 plus whatever the normal payment reduces. make sense?
I think your best bet is to be upside down by the discount amount on new car. So let's say you want to be $3,000 upside down and plan to get $3,000 off MSRP. So you need to pay off about an extra $4,500 by spring... $4,500 divided by say 8 payments, send in an extra $560. The actual amount is a little less than this as you're probably paying down principle faster than blue book value drops but either way you have long way to go.
Or you can just save your cash and put more down when you buy... prolly need at least $5,000 cash.
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