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If you have problems paying on your vehicle, you may be wondering if you need to refinance. You also might be thinking of trading in your vehicle to get something more affordable. Most dealerships are happy to help you do this because it means you’ll likely be more satisfied with your vehicle experience and continue to re-invest in new cars. So what’s the best options for you?

If you have positive equity, then you’re in a great position to get a new car. This means that the car is worth more than you owe on it. You can trade it in for a great vehicle or sell it. However, if you have negative equity, meaning that you’re upside down in your vehicle, then you should probably refinance it to make sure that your investment is working better for your financial situation.

Want to know all of your options? Stop by San Leandro Honda for more information.

 

 

Categories: Finance