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If you're looking at trucks, you're probably thinking about capability. What can it do? How much can it handle? How much easier will it make your life in Washington?

Understanding the finance terminology when financing a car can often be confusing for many of our buyers at Ruxer Truck Center. Do you ever get confused too? A few of the most commonly misunderstood finance terms include the annual percentage rate, assignee and total cost.

The annual percentage rate, commonly referred to as APR, is a broader measure of the costs you pay for borrowing the funds to finance your vehicle. The higher your APR is, the more you pay throughout the contract term. The Federal Truth in Lending Act requires the 

Did you know there’s an easier way to get into a new car if you want to trade in your vehicle? You don’t have to refinance unless you really want to keep your car. If you have a vehicle with high car payments equaling 40 to 50% of your monthly budget, then it may be time to refinance or trade in your vehicle.

However, refinancing doesn’t always work. Your interest rate may be lowered after a certain period, but you’ll likely spend less time and money by choosing a new car and trading in your vehicle…

It can be extremely difficult to make the decision to let go of a vehicle that you have had for some time. People find it challenging to make this call because they don’t necessarily want to back down from something that has provided them such joy and value over the years. It is understandable to be in that position, but it is also worth understanding how to do these things properly.

Trade-in the vehicle or refinance it? This is entirely dependent on what you want to get out of it. Trading it in means losing a lot of the…