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Do You Want to Refinance or Trade-In Your Car?

The car you could once afford now drains your budget. Sadly, personal financial situations can be upending without warning, even less than a year after buying a car. Options exist for owners wondering how to deal with the situation. Refinancing and trade-in plans are conventional ones. Which one of the two options should a driver in Lakewood take?

A car that won't remain operational much longer isn't a good candidate for refinancing. Lenders might not want to deal with a vehicle that won't last another year or so. An aged car could be best used as a…

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Decide on Your Price and Stick With It When Negotiating for Your Next Used Car

You are in for a lot of excitement if you are in the process of looking for a used car. It can be a great deal of fun to look at all of the possible options to find that one that you feel is best suited for you. At the same time, we want you to get the best value that you can for your dollar.

To do that, you will want to negotiate on the price. Know what you are willing to pay before you ever step foot in the showroom at Lakewood Happy Motors or elsewhere. That way…

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Should You Refinance or Trade In?

The choice of whether to refinance your car or trade it in can be a difficult one, and it will really depend on your individual circumstances. If your car loan has a reasonable interest rate and the duration isn't too long, yet you are still struggling to make the payments, it may be a sign that you should trade your vehicle in for a less expensive model.

If your credit rating has improved since initially taking out your loan, you may be able to refinance for a more competitive rate based on your new score. If your car is…

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Some Common Auto Finance Terms

When it is time to purchase a new vehicle, you will probably need to get a loan in order to be able to buy the car. Sometimes, all of the terminology surrounding auto financing can be a bit confusing. Knowing what some common terms mean will help a lot.

Most dealerships will want a down payment. This is the amount of money that you must pay upfront for a vehicle. The amount of the down payment is deducted from the purchase price, and the remaining amount is what is financed. APR stands for annual percentage rate. This is the amount…
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