noun. 1  1A single sheet of glass in a window or door. âMrs Platt said glass panes in the door of another Church Street shop had also been damaged in the same way.â. 2  2A sheet or page of stamps. âThe pane of 24 stamps also contained 24 connecting tabs in 12 designs.â.
1 The easiest way to pay off your car loan in a quick manner is to pay more than the minimum or required monthly payment. 2  If your monthly payment is $200 a month, and you pay $300 a month instead, you will pay off your loan 50% quicker.
There are dangers associated with paying off a car loan early. The loan rate is based on the retirement of the debt over time, usually between 36 to 60 months. This calculation takes into account the amount of interest that the lender will earn during the loan period. You could save yourself a great deal of money by paying the loan off early, however you need to consider that if you take $12,000 out of an account that is generating interest in order to pay your car off early you lose any interest that would have been gained while that money sat in the bank.