Why is the pay-off quote on my car more than my current balance?

The account balance is probably the principle left as of the last due date. Since you are into the next month, you have accrued some additional interest (interest is charged on a daily balance). So adding in the additional accrued interest plus the balance gives you the pay off.|||Because unpaid interest is due since the last payment.|||unpaid interest. But, if you pay off early, you only pay principal on the time owed, no interest you usually save about a grand per 5-10k|||You're borrowing money and you'll have to pay for it.





Don't borrow money.|||Since your last payment, you have accrued additional interest. That money would need to be paid as well to fully pay off your account.|||interest accrued since end of the last billing cycle, and/or early payoff penalty.