Refinancing vs. trading in your car

What options do you have to avoid a repossession? Well, in many cases, you don’t have to lose your vehicle at all. You can simply talk to your loan company and get an extension or even see about a refinance option. While some companies won’t offer any additional options, there are times when you have positive equity that you can trade the vehicle in for something much smaller and more affordable.

If you want to trade in your vehicle, then you want to make sure you’re in a positive equity state. Otherwise you may have to downsize or get into a new car for more budget that you don’t have. For those who have been worried about paying off a new vehicle, a trade-in can help you bring down the price.

Want to make sure that you get a good interest rate? Talk to the people at Garcia Honda Albuquerque.

 

 

Categories: Finance