There wasn't enough room to post the whole question int he title. So here it is: If I overpay my car payment one month by thousands of dollars, which of the following happens?
1. My remaining car payments are decreased.
2. I pay the car off faster, but the monthly payments stay the same.
I rent where I live and I've never financed a car before - just paid cash for used cars. Could somebody help me out with this basic question?