What is the difference between Bi-weekly Vs. Semi-monthly Payments?

Choosing between a bi-weekly and semi-monthly car payment can depend on a combination of personal preference, and when you receive your pay. Choosing a bi-weekly payment means that you are paying every two weeks out of 52 weeks a year. Choosing a semi-monthly payment means that you pay only twice a month. Because some months of the year have five weeks, there will be two months of the year that you will have to make three car payments instead of two – if you choose to pay bi-weekly.