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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. 

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Making Sense of Your Car Warranty

Dealers take pride in giving car buyers as much information as possible when choosing their next vehicle. To make an informed purchase decision, it is critical that you know the difference between a powertrain warranty and a bumper-to-bumper warranty. Generally speaking, a powertrain warranty covers components such as the engine and transmission.

A bumper-to-bumper warranty covers just about every other part of the car such as the air conditioning or sound system. Ironically, it doesn't actually cover damage done to the bumpers. Neither warranty will cover anything deemed to be a...

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