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Auto Loan Financing Question

If I take out an auto loan and I am paying it monthly, on the statement it lists the principal balance and the interest separately, then total it together for my monthly payment that's due.
Every month I pay more than required and have that extra amount go towards paying down the principal.
Question: If I get the principal payment down to zero, will I still have to pay off the interest charges?
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Penny · 46-50, F
im pretty sure the interest is based on the balance. as teh balance goes down the interest should to. til its zero. someone mentioned a fixed rate loan. not sure with that but i think whati said is generally true with credit or loans. if you notice its not id call the place and ask them.