Refinancing Verses Trading in Your Vehicle

Here at Hatfield Kia, we do our best to help you make informed decisions. One choice that can be difficult to make is whether or not to refinance your car. There are many pros and cons when it comes to refinancing a vehicle or just trading it in for a new one.

The bottom line is that it may be best to refinance if you need money immediately. If your credit score has improved since you first purchased your vehicle, it may also be beneficial to refinance for lower payments. If your car is on its last legs, then trading it in for an upgrade is probably the way to go.

The pros of refinancing are more money in your pocket each month. The possible con is that you may end up paying more interest in the long run. For refinancing options, pay us a visit at our Kia finance center.

 

 

Categories: Finance