What is a curtailment on a auto loan?

A curtailment on an auto loan refers to an extra payment made toward the principal balance of the loan, reducing the amount owed and potentially shortening the loan term. This can lead to less interest paid over time and help borrowers pay off their loans faster. Curtailments can be made at any time, and some lenders may allow borrowers to specify when and how much extra they want to pay. However, it's important to check if there are any prepayment penalties associated with the loan.