Should I Refinance or Trade In My Car?

You may have been mulling over the idea of refinancing your car. Perhaps you feel your monthly payments are too high or you've been wondering if you could get a lower interest rate in the current market. This might be the right time for you to save some money on repayments.

If your credit rating is higher than when you first applied for your loan, you may be able to secure a lower interest rate if you refinance. This would result in a lower payment each month and is definitely worth considering. If your credit rating isn't significantly different, you can also trade in your car for another model, which could lower your monthly payments.

Sit down with our financing experts at Precision Acura of Princeton to see if you can lower your monthly payments. We'll be happy to calculate your new scenario to see just how much you'd save by refinancing with us.

 

 

Categories: Finance

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