If you decide to refinance or trade-in your vehicle, our team at Tri-County Chevrolet in Royston, GA is always ready to help you with any financing questions that you may have. Consider asking any questions that you may have before making any financial changes to your vehicle so that you are well educated on the process and benefits.
Refinancing a vehicle is typically getting a lower interest rate for a lower monthly payment. You may have additional months that you have to pay on your loan, but your payments are usually less of a burden evening out they process.
If you trade in your vehicle to get a newer model or a different new vehicle altogether, then you are usually looking for a trade-in rate for your vehicle. If your vehicle is completely paid off, then you will get a higher trade-in rate. Then, you can use the trade-in rate for a down payment for your new vehicle.