Are your current car payments too high? Did you get stuck with too-high rates when you first bought the car? Or, has your credit improved significantly since you first secured a loan, and you think you deserve better?
There are a few options for you.
You could refinance your car loan through an approved lender--essentially, take out a new loan to cover the old loan.
Refinancing Option
- Pros: This could lower your payments, lower your rates, or give you a better deal all-around
- Cons: You may not be able to refinance if your car is too old, or worth too little; you're just taking out another loan on the same car
Trade-in Option
- Pros: This could lower your payments, lower your rates, and get you into a car that's better suited for your lifestyle
- Cons: If you're upside-down on your loan, you'll need to roll all of the remaining payments into future payments on the loan that you're getting
If trading-in your car looks like the better option, contact the financing experts at AutoCenters St. Charles to learn more about our guaranteed all-credit financing program.
But, if you're scratching your head and aren’t sure what to do, contact us anyway. We'll steer you right.
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