Analyzing Whether to Refinance or Trade In Your Car

If you are deciding whether to try refinancing or trading in your car or truck, you should start with having a sense of how much equity you have in your car. Generally, the longer you have been making payments on your vehicle loan, the more equity you will have in your vehicle.

It never hurts to get an estimate from Victory Kia about the amount you can expect to receive for trading in your vehicle. You should consider whether you know that there are mechanical issues with your vehicle that will require you to pay out of pocket to keep driving your car. This might be a good reason to trade in your vehicle instead of refinancing it to keep paying monthly loan obligations.

Come take a look at the refinancing or trade in options you can get at Victory Kia in Victoria, TX to figure out what makes the most sense for you.

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