Refinancing vs. Trading in Your Car

The team at Kia of Sussex wants you to make an informed vehicle purchase, so we are going to help explain all the differences between trading in your car and refinancing.

With refinancing, not only will you get lower rates, you will also get lower monthly payments, Although this might seem like the best deal, remember that you may not have this option if your vehicle is very old or in poor driving condition.

With the trade-in option, you might be able to lower your payment and rate, and get into a vehicle that is going to be better suited for your needs. The only read issue is if you are upside-down with the loan, all those future payments need to be rolled into the new loan. It could wind up costing more if you owe a lot on that vehicle.

Speak to one of our friendly team members about financing your vehicle through Kia of Sussex.

 

 

Categories: Finance