Can I make extra payments towards my GMAC auto loan?
Asked 6 months ago
Yes, customers have the option to make extra payments towards their GMAC auto loan. Making extra payments can help reduce the principal balance of the loan and potentially save on interest charges. GMAC provides a convenient online portal where customers can access their loan account and make additional payments at any time. Customers can choose to make a one-time extra payment or set up recurring additional payments. It is important to note that customers should check the terms and conditions of their specific loan agreement to ensure there are no prepayment penalties or restrictions. Making extra payments towards the GMAC auto loan can help accelerate the loan payoff and save money in the long run.
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