Deciding Whether to Refinance or Trade In Your Car

Figuring out whether you should refinance your vehicle loan or put its trade-in value towards the purchase of another car or truck depends on how much of your loan you have paid off and whether you want to keep possession of your current car.

If you are looking for an immediate way to lower your monthly bills and keep your current vehicle, refinancing may be the best choice for you. This is especially true if you do not have any mechanical issues and can keep driving your car without major expenses. If you want to upgrade your vehicle and trade it in while it is still in good shape, then you can end up with more money to use as a down payment for your car. This will help lower payments on a new car purchase.

Ferrari of Austin can help you explore refinancing rates and trade-in offers available to you.

 

 

Categories: Finance