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

Prices shown are manufacturer suggested retail prices only and do not include taxes, license, or doc fee. Manufacturer vehicle accessory costs, labor and installation vary. Please contact us with any questions.

**Based on 2014 EPA mileage ratings. Use for comparison purposes only. Your mileage will vary depending on driving conditions, how you drive and maintain your vehicle, battery-pack age/condition and other factors.

For 2014 Honda Accord Plug-In Hybrid, 115 combined miles per gallon of gasoline-equivalent (MPGe) electric rating; 47 city/46 highway/46 combined MPG gasoline only rating. 13 mile maximum EV mode driving range rating. 570 mile combined gas-electric driving range rating. Based on 2014 EPA mileage and driving range ratings. Use for comparison purposes only. Your MPGe/MPG and driving range will vary depending on driving conditions, how you drive and maintain your vehicle, lithium-ion battery age/condition, and other factors. For additional information about EPA ratings, visit http://www.fueleconomy.gov/feg/label/learn-more-PHEV-label.shtml.