Differences in Refinancing vs. Trading in Your Car

The crew here at Raymond Kia wanted to help our audience make informed vehicle purchases. To that point, here are a few key differences between trading or refinancing your vehicle.

When refinancing, you are going to be able to get a better interest rate which will result in getting a lower car payment. The only downside is this isn't always the best option if you are bringing a vehicle to the lot that is old and has little to no resale value.

Consider trading in your vehicle when you want to find a car on the lot and get it for the lowest possible monthly payments. The drawback is when you still owe a small fortune on your current ride, because those future payments get added on top of your current loan.

The best thing to do is call our friendly staff and ask them about financing your vehicle through Raymond Kia.



Categories: Finance
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