You are right, it doesn't at all. And some lenders might even penalize you with at fee for doing that! Why? Because if you pay more on the principal, you will be paying less interest over time. CU's usually never do this ("no pre-payment penalties") on loans.
smallfry wrote:
I read over at CB that prepaying an auto loan would not help your record and to just pay off the loan on time. At first blush I would tend to agree with you.
Starting Score: 517