At Sunset Cadillac of Sarasota in Sarasota, FL, we always want to make sure that our community is informed about financing options. Whether you want to refinance your vehicle for a lower monthly payment or you want to trade in your vehicle for a lower down payment, we are always ready to help.
Refinancing your vehicle means that you are going to refinance your current loan to get a lower interest rate or lower monthly payments. Typically, it is both, and you will have a longer loan.
You can trade in a vehicle at any point, but typically it is a vehicle that you have paid off or are almost done paying off. This is because your trade-in rate is higher if you don't owe money on the vehicle. You can put your trade-in value toward the down payment of the new car you want, and you won't have such a financial burden.
