Refinancing vs. trading in your car

Having car loan problems? Why not check it out with a team of professionals and see if you’re eligible for a refinance? You may be able to lower your interest rate and get into a better plan that you can pay off sooner. In other cases, the best option may be to trade-in. Many drivers do this when they want to get into a newer vehicle and may be upside-down in their currently vehicle.

However, if you have positive equity, that means the car is worth more than the amount you owe on the loan. This is a good place to be because you’ll likely get more offers to trade-in and buy your vehicle at a higher value.

If you are upside down in your vehicle, it's time to get a second chance. Want to get the best options available for your situation? Get the best interest rate and loan terms when you talk to the team at Hendrick Honda Hickory.



Categories: Finance