Can I pay off my auto loan early? Are there any prepayment penalties?

Asked a year ago
Yes, you can pay off your auto loan early with Capital One Auto Finance. There are no prepayment penalties for doing so. By paying off your loan early, you can save on interest charges and potentially own your vehicle sooner. Whether you choose to make extra payments or pay the remaining balance in one lump sum, you have the flexibility to manage your loan as you see fit. Capital One encourages customers to contact their customer service representatives for assistance and guidance on the best way to pay off their auto loan early.
Jeff Whelpley is the editor / author responsible for this content.
Answered May 3, 2024

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