How and why to make principal-only payments on your car loan
Principal-only payments can help you pay down your car loan faster.
3 min read
Aug 05, 2025
Emma Woodward
Contributor, Personal Finance
EXPERTISE
- Personal finance
- Personal loans
- Student loans
- Real estate and mortgages
- Small business loans
EDUCATION
- Bachelor’s Degree in International Studies with a Focus in the Middle East from The College of New Jersey
- Minors in Arabic and Business Management
Emma Woodward is a freelance personal finance writer with a knack for simplifying tricky financial concepts. She's been writing for over eight years professionally. Her clients have included Finch, Gusto, HomeLight and Toast, and she’s been featured on The Financial Diet.
When she's not helping you balance your budget, you can find her writing about real estate, food, and restaurant tech. She is also a working mom extraordinaire.
Emma's latest articles
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Many lenders have temporary relief options when you’re in a period of unemployment.
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Borrowing from your home equity can pay off, but only if you’re smart about it.
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