Should You Refinance or Trade-In Your Vehicle?

At Billion FIAT of Des Moines, we want to make sure our customers make the best financial decisions possible when buying a new vehicle. Deciding whether to refinance or trade in an existing vehicle can be a complicated choice that's different for each customer. In this post, we wanted to address the advantages of each option.

Refinancing is a good idea when your current loan is greater than the value of your vehicle. It can lower the interest rate or change the length of the loan to reduce your monthly payments. If your vehicle is worth more than your loan, it makes sense to trade it in and reduce the overall cost of the new vehicle.

Either way, you'll be able to finance a newer vehicle and make your monthly budget easier to manage. Stop by our location to consult with our sales team today.

 

 

Categories: Finance
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