In other words, the charges are also referred as early payment fees. (realisticloans.com)
To avoid getting stuck in a loan with early payment fees, find an auto financier that will provide a simple - interest loan — one where repayment consists of fixed monthly principal and interest payments. (valuepenguin.com)
Some lenders will require borrowers to make a balloon payment, which can be both expensive and inconvenient, or charge you with ridiculous early payment fees when you try to make a monthly payment on your loan earlier than the due date. (800loanmart.com)