Weigh the pros and cons of paying off your auto loan early and consider your financial situation. Paying off your car loan early might save you money by reducing the total loan interest you pay. But ...

WSJ Buy Side is The Wall Street Journal’s research and commerce team. Our commerce content is distinct from our newsroom coverage. We earn a commission from some links in our articles. Learn more.

WSJ Buy Side is The Wall Street Journal’s research and commerce team. Our commerce content is distinct from our newsroom coverage. We earn a commission from some links in our articles. Learn more.

Paying off your car loan early can save you in interest over time. It’s not always the right strategy, though, especially if you are subject to a prepayment penalty. Increasing your monthly payments ...