Refinancing vs. Trading in Your Car

Do you want to refinance or trade in your vehicle to lower your monthly car payments? Things happen, and when your financial status changes, you could be dreading that payment each and every month. To get back on track, trading in your vehicle offers you a solution. You can lower your payment, get into a new vehicle, and remove high interest rate loans. It also comes down to the dealer that you choose to buy your current vehicle and if you have any equity in that vehicle.

Refinancing is a good option if you want to keep your current vehicle but need to lower payments. Typically, the lender tries to reduce your interest rate or extend your loan terms to get a lower payment. This could end up with you paying more on the vehicle, however.

Want to get a deal on a vehicle and lower your payments? You can trade in at Economy Honda Superstore and take a test drive today. Our team is always ready to help car buyers!

 

 

 

Categories: New Inventory