Should You Trade-In or Refinance Your Car?

It is not uncommon for drivers to find that their car payment is too high to comfortably fit into their life in Woodbridge, VA. If this is happening to you, you may be considering trading in the vehicle for something less expensive. Another option is to seek a refinance deal that lowers your monthly payments. The team at Koons Woodbridge Buick GMC can help you decide which is a better fit for you.

Trading in your car lets you have the excitement of getting something different to drive. You can find a more affordable option for your life. Trading in your vehicle is most effective when you are getting more for it than you currently owe.

Refinancing allows you to keep your current car. Most buyers who refinance are after either lower monthly payments or a shorter loan term. Make sure you are paying attention to both of these factors. A lower monthly payment may not be worth it if you are extending the length of your loan by years.

Tags: new Buick inventory in Woodbridge VA, new GMC inventory in Woodbridge VA, refinance or trade in
Posted in Finance, New Inventory, Social | No Comments »