When to Refi and When to Trade-in Your Car

As is the case with many growing families, you may have reached a juncture at which you are in need of upgrading your existing vehicle or even adding another vehicle to the household. If your primary objective is to upgrade, the course of action to consider taking is trading in your existing car.

On the other hand, if you have reached a point in time at which you really do need a second vehicle in your household, you might want to give serious through to refinancing your existing automobile. By refinancing, you have the ability to keep your existing car and raise money needed for the down payment on a second vehicle.

If you have questions about your options, please feel free to visit our team of professionals at Patterson Honda. We are prepared to assist you.



Categories: Finance