How should a person choose between refinancing and trading in a car? They need to weigh the pros and cons of each. We will do a quick rundown here.

Trading in means you get a deal done today and it is fairly easy to pull off. Virtually all dealerships are happy to make some kind of deal with you today. At the same time, you will not get the best price for your vehicle. That is just a fact of the business.

Refinancing is great if you can manage to do it, but a lot of places are not interested in refinancing a car loan because they know that they are dealing with a depreciating asset, and that is not something they generally want to put their hands on. Try it if you can get a good deal on it, but don’t expect it to work out just perfectly for you.

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