The Pros And Cons of Trade-in and Refinance

You may be in a situation where you have payments that you can't make on your car. Maybe your interest rate is way too high. You might be considering trading in your vehicle or refinancing your vehicle. What are the positives and negatives?

If you refinance your vehicle, you might be able to get lower payments and a lower interest rate. If you have an older vehicle, it might not be advantageous, and a lender might not allow your to refinance. If you trade your vehicle, this may lower your payments, and it will allow you to get a car more like what you really want. If you owe more than your car is worth, you will have to pay that amount off.

Whether you are thinking about refinancing your current vehicle or trading your car in for a different one, contact Bowman Auto Center. The friendly staff is waiting to assist you.



Categories: Finance