Unfortunately, no you can not.  The most common way to lower your loan balance faster is to pay your regularly scheduled payment ( principle & interest ) PLUS an additional amount on the principle, if you're financially able to do so.   Also, shop around for an auto loan which includes a lower interest rate (APR).  And remember to never miss a scheduled payment.  If it looks like you're going to miss a scheduled payment, call your lender to discuss any options they may offer.  Best Regards, me. ... View more