The Differences in Refinancing vs. Trading in Your Car

All of the team members here at Porsche of Kings Auto Mall wants drivers to make better vehicle purchases this year. Here are some pieces of information about picking financing or trading in a car.

With refinancing, you enjoy the lower interest rate and payments, but there is a drawback. Your trade in must have value to get this deal, otherwise your dated and older vehicle is simply worth nothing and you are just taking out a whole new loan.

With a trade in, you'll be able to choose a new vehicle off our lot and get the monthly payments down to a lower number. If you still owe a substantial amount on your car, then all of the future payments get rolled into your new loan, making it even more costly than had you done nothing and kept working on the payoff.

The right time to finance a vehicle through Porsche of Kings Auto Mall is right now.

 

 

Categories: Finance

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