Refinancing or Trading In Your Vehicle Depends on Your Situation

Should I refinance or trade-in my car to get another one? That's the question that many drivers face when their financial circumstances change. There's no definitive answer to that question as it really does depend on your situation.

Refinancing works well if your credit has improved significantly from the time you first purchased your vehicle. You can get a better loan rate and end up saving significant money that you can put toward something else. Trading in your vehicle is a better option if your monthly payments have suddenly become a hardship. By trading in your vehicle, you may be able to find a less expensive one that is better suited to your financial condition.

At Wholesale Investments Inc., we'll be happy to discuss what route works better for you. Our financial staff can show you options and projected payments that can help you determine what to do.



Categories: Finance