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Refinancing vs. trading in your car

Refinancing your car may be an option if you want a lower car payment, but you don’t have to go through a long consideration process if you determine it’s better to trade in your vehicle. For some reasons, trading in your vehicle does offer bigger benefits if you simply want a new car with more technology for a lower price.

Refinancing means that you’ll change your loan length and possibly lower your interest rate for a lower car payment. However, unless you really want to keep your car, you can trade in your vehicle and get a…

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Credit Scores And How They Influence Auto Loans

Your ability to get a great auto loan is in your hands if you just take the time to get your credit score a little bit higher. Many people struggle with this as they think only of how much effort has to be put into doing so. It is a battle to be sure, but it is one worth fighting.

Paying on your debts on time is perhaps the biggest factor in determining your credit score. If you keep your bills paid on time, then you are in a better position than ever to see an improved score and thus…

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Refinancing vs Trading in Your Car

If you are upside down in your car loan, then you will probably have to talk to your finance company at some point. They may want to offer you different terms to help you with the vehicle, or you may have to pay the balance first before they will even think about refinancing. It's often not a good deal because you may end up owing more than you want to on your vehicle.

In that case, it's better to look at trading in your vehicle. In this scenario, you get a vehicle that is lower cost and the…

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Cars can be costly

Just because you like a car does not mean you should get it; instead get a car you can afford and maintain without straining your budget. Many people, when getting cars, are more fixated on the price tags, forgetting to calculate how much the car will take out of their pockets every month. We came up with a list of expenses you should bear in mind when getting a car.

  • Maintenance and repairs cost. You should be aware that you need to schedule regular maintenance checkups that are guaranteed to cost you. 
  • Fuel. Get a car that has decent gas…
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