Are you satisfied with your car loan or would you prefer better finance terms? Is your payment squeezing your budget too tightly? If so, you're not alone. The Lewis Motor Sales Inc team is often asked about ways our customers can save money. Refinancing and trading your car in are two possibilities to consider.
Refinancing your loan can lower your interest rate. Even a couple percentage points have the potential to add up to big savings. It could also be possible to extend the life of your loan. You'd pay longer, but those payments might be more manageable for you.
If your vehicle is one you no longer enjoy or that is simply costing you too much to maintain, you could trade it in on something less expensive. This option has particular potential if you've made significant payments already and don't currently owe more than the vehicle is worth. A trade-in combined with a new loan should lead to savings.
AdChoices