Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
They aren’t exactly the same, but that doesn’t matter for your question. If you pay early on principal, you will pay off the car early, so by that very fact, you will save on interest. It won’t have the same huge effect that a house principal payment will, but that is because a car loan is 5 years and a home loan is 30 years.
