Knowing potential prepayment fees and regulations will help you determine your interest rate and spread out payments more evenly throughout the loan. Although paying off early won’t save you money, it will lower your debt-to-income ratio, which may improve your chances of getting other sources of finance. To ensure you get the best deal when Auto Loan Zoom, contact the lender to find out if they have any due processes in place should you decide to pay off earlier than the specified date.

Auto Loan Zoom is one of the few companies offering a contract that allows consumers to apply for multiple auto loans without worrying about impacting their credit scores. In this system, numerous auto loan inquiries made within two weeks count as only one inquiry in credit scoring systems. This means that, while there could still be a small dip in your credit score from doing this, it is much preferable to make several inquiries.