Both refinancing and trading will impact how much you spend on your monthly transportation. However, you have to decide which option is the right one for you. If you think that your best solution is to keep your current vehicle, then you should refinance it. Refinancing your vehicle will allow you to lower the amount of money that you spend on your vehicle each month. You should trade in your vehicle if you want to get a different vehicle.

Keep in mind that your life circumstances will also help you determine which option is best for you. For example, a higher income and credit score will allow you to get a better deal on your loan. A new car can also help you save money because you can trade your vehicle in for one that is less expensive.

 

Categories: Finance