How to Make an Auto Loan Payment

Before auto loan companies moved online, making an auto loan payment meant sending a personal check in every month to your lender or going into a bank branch and making the payment in person. Even though you still use this process today, online payment centers make payments easier for auto loans. With the Internet, and the introduction of debit cards, many convenient options to make automatic loan payments on your vehicles and maintain good standing with your lenders.

Instructions

1

Write a check payable to your auto lender for the payment due. Send the payment in enough time for the lender to receive the check prior to the due date. Many auto lenders that accept checks also take a check by phone. To tender a check by phone, call the lender and provide the routing number that identifies your financial institution. The routing number is a nine-digit number on the bottom left portion of your check. Next provide your account number and the check number you want to use. Remember to void out the corresponding check that was used to make the phone payment.

2

Set up an automatic withdrawal from your checking account or have an automatic allotment taken from you pay and directed to your auto lender. Automatic payments eliminate the threat of late payments and late fees. With a bi-monthly allotment, you make half payments and decrease the overall amount of interest paid on your auto loan.

3

Sign into your auto lender's website or register for an account to make payments online. Make the payment using a debit or credit card. The payment process is the same: enter your account number, expiration date and three-digit verification number on the rear of the card. The payment is automatically deducted from the attached account. The drawback to using a credit or debit card is potential fees charged by your bank or credit card provider.