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…