Is it possible to make double payments per month to save money on my auto loan?

I pay 300$ per month can i break that up to save myself $

Is it possible to make double payments per month to save money on my auto loan?
Auto finance is what I do for a living and the answer is yes you can save yourself thousands of dollars by doing this.





You need to write 2 checks, one for the regular payment and another for whatever amount you want to pay extra and write in the memo section "Apply to principal" this will assure that the extra amount goes towards your principle rather then interest.
Reply:bankrate.com has lots of calculators. if you send in extra money, make sure you notate that or they will put it toward the next payment. i only pay 1.9% on my car so I pay other bills off earlier.
Reply:yes, you can save a bunch of interest, even if you pay 50 dollars more.
Reply:Yes, just make sure that there are no prepayment penalties.
Reply:Typically yes...