Biweekly Auto Payments
Paying half your monthly auto payment every two weeks — 26 payments per year — adds up to one extra monthly payment annually and shortens the loan.
Loan
Results
Biweekly payment
—
Monthly payment (for comparison)
—
Months saved
—
Interest saved
—
Total with biweekly
—
Total with monthly
—
Biweekly auto programs only work if the lender applies payments on receipt. Some lenders hold half-payments and apply them monthly — which eliminates the benefit.