Is there any way i can lower my car payments??

Question

refinancing is not an option. I pay $416 a month and I was wondering if i could pay 1,416 in advace and the rest of the payments just pay a lower amount

Answer 1

The only option u got is by refinancing ur car all over, u can send the $1,416 it will lower ur payments for 5 or 6 months but after that u'll be paying the $416 all over again. If u refinance try using www.e-loan.com they got the lowest interest rates u can find, GL.  

Answer 2

No. The $1416 would either be applied as a principal reduction, or applied towards the next 3 1/2 pmts.  You cannot lower your payments unless you refinance.  

Answer 3

at the begining of your car payments they charge the interest amount mostly  and you actually pay very little (principal the car itself)

they are sneaky in this way they want their interest, so make large payments but it will not impact the interest