Tips on Buying Cars: Monthly Payment, prepayment penalties, good luck

Question
If I choose monthly payment, is it possible to pay at a later time the rest of what I owe as one payment? Or do I have to continue to pay monthly even if I have the money to pay up the rest?

Answer
Hi Jalen,

Sorry about the delay in getting back to you. I have been much busier than usual lately. You can pay the remaining balance any time. The question you should ask the dealer is, are there any "prepayment penalties?" Here in Massachusetts, there are not. There probably aren't wherever you're at. Good luck!

Aaron