Hello, I am happy to answer your question. If the loan is settled in advance, the interest will only be calculated until the day of the early repayment. The borrower does not need to pay the interest for the remaining period according to the original repayment plan. Also pay it back together. Therefore, a certain amount of interest can be reduced, and the customer will have less money to pay back to the bank (auto consumer finance company). Some banks (auto consumer finance companies) have regulations on the early repayment time of car loans. Customers may be required to repay on time for six months or one year according to the repayment plan stipulated in the contract before they can make early repayment. Otherwise, you will have to pay a certain amount of liquidated damages. In this regard, it is recommended that customers first repay the loan within the specified time as required, and then apply for early repayment. Otherwise, if they repay in advance just after taking out the car loan, they will have to pay more liquidated damages. If the car loan is paid off in advance, the customer can get back the vehicle registration certificate deposited with the bank (auto consumer finance company) in advance, and then has to go to the vehicle management office to go through the cancellation procedures, so that the car can be considered completely his or her own.