Refinancing vs. trading in your car

There are plenty of drivers who are upside-down in their vehicles and want a chance to get out of it. There are two options in these cases. You can refinance, or you can trade in. In other cases, some drivers also try to sell their vehicles. However, these aren’t the only options. Many dealerships will work with vehicle owners who have any kind of credit to help them get into a vehicle. If you have positive equity, you are likely to get a better deal, however.

You should only refinance if you like your car and want to keep your investment. You can talk to your loan company or a new dealership about getting into a better loan rate with your vehicle. Most of the time, a dealership will try to persuade you into trading in for a different car.

Want to know what all of your options are? We take customer service seriously at Metro Honda located in Indian Trail. Stop by today for a great deal.



Categories: Finance