Prepayment penalties
Staff
On Jun 25, 2008 2:06 pm
Erin said:
Do car loans have prepayment penalties? I want the flexibility to pay it off early if I can.
(1) Answer
Guru
On Sep 24, 2008 10:40 pm Dave Hanson said:
Hi Erin,
I have not heard of a car loan from a major provider having a prepayment penalty. By law, your signed loan documents would need to disclose such a provision. If you have lost track of those, your lender should be able to provide you with a copy.
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