Repayment of loan
You have the option, depending on the nature of the transaction, you have the opportunity to make car payments against the loan you took out in Caribou every other week. In most cases, the repayment term for a vehicle refinancing loan might range anywhere from 36 to 72 months.
Early payoff
You always have the choice of paying off your loan ahead of the scheduled payback date. On their website, Caribou does not indicate that there is a prepayment penalty.