Auto financing can be a little confusing. That’s why we have this short video to help explain. Vehicle contracts are broken down into two parts that comprise your total monthly payment, the outstanding balance of the amount financed and the finance charge. The most important thing you should know is to always pay on time. When your account is kept current and you pay early or extra, your outstanding balance reduces faster and you’ll end up paying less in finance charges. All of which helps you pay off your account sooner than expected.