Asked in Consumer Law for Missouri

Q: What is the penalty / law in Missouri for paying off an auto loan early?

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1 Lawyer Answer
Tim Akpinar
Tim Akpinar
Answered

A: I do not practice in Missouri, but your question remains open for four weeks. As a general matter, early payment penalties are usually governed by the provisions of the loan agreement. It's an individual contract between the auto finance company/bank and the car buyer, and different companies can apply different conditions. Good luck

Tim Akpinar

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