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Refinancing Vs Trading in Your Car

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.

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Glossary of Auto Finance Terminologies

Here is a glossary of the most common auto finance terminologies:

Lessee – This is the person who, under the terms of a lease, is granted temporary access to a vehicle.

Lessor – Provider of short-term access to a vehicle during the course of a leasing arrangement.

Lien – Financing companies have the right to take ownership of a car until a loan is paid in full.

List Price – The vehicle’s suggested retail price as provided by the manufacturer. MSRP, or sticker price is also known as MSRP.

Loan-to-value ratio – is often shortened as LTV. 

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Ways to Improve Your Credit Scores

If you’re contemplating buying a car but aren’t sure if your credit scores warrant you getting a loan, it’s not too late to do something about it. Your credit scores play a big part in not only determining if you get a loan but also your interest rate and loan terms. If your scores are somewhat less than desirable, there are several things you can do to improve them.

The first thing to do is get a copy of your credit report to verify that everything on it is correct. If there are any errors, contact either…

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Take Charge of Improving Your Credit Score Today

In today's economy, a good credit score is helpful more than ever, especially when purchasing a new home or vehicle in Phoenix.

How can you improve your credit score starting today?

?The first step is to request a copy of your credit report from all credit reporting agencies to ensure there aren’t any mistakes. You can research reputable resources for free access to your credit report. And you may qualify for a free copy if you’ve recently been denied credit. If there are any errors, follow the steps provided 

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The Key to Achieving a Good Credit Score

Having a good credit score can make the car-buying process easier and more affordable. We want you to make an informed purchasing decision, so here's some information on how to achieve and maintain a good credit score.

Your credit score tells lenders how reliable you are. One of the biggest factors that can affect your score is how you make your payments. If you're reported as late by a loan provider or credit card company, you may experience a drop of up to 100 points. If that happens, you need to make up the payments as soon as…

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To Refinance or to Trade In?

Navigating the complicated world of auto financing can often be confusing. Consumers wanting to lower their monthly car payments can choose to refinance the loan in an effort to save on the interest charges. This is often a good choice if your credit has improved or rates have lowered overall. Alternatively, you can choose to trade in your existing vehicle. With the right rate, this could lower your monthly bill while getting you into a better car. 

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Ending your lease the easy way


So, it’s that time of year you’ve been looking forward to. It’s time to start looking for a new lease. This can be an exciting experience. All the possibilities! We have a few helpful tips to get you going on your great new journey.
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• Your first option is to return the leased vehicle and search for other possibilities you like
• Your second option is to lease a new car and get to know what else you like. New cars are always fun!
• Your third option is to buy your leased car and become the proud owner; it…
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