Our Subaru financing professionals offer a variety of flexible and convenient options, including refinancing and buying your trade-in. Whether you want to lower your monthly payments or get a new vehicle, we’re here to help. Here are some tips on deciding whether to refinance or trade in from the experts at Freehold Subaru.
Benefits of Refinancing
The main reason drivers refinance their auto loans is to get a lower monthly payment and interest rate. As the market fluctuates, so does interest, so you might be able to get a lower rate by refinancing. This is also a great choice if your credit score has gone up significantly since you originally took out your loan.
Advantages of Trading In Your Vehicle
If you’re shopping for your next new or pre-owned vehicle, you can trade in your old one as part of your financing package. The value of your trade-in will go toward the down payment of your next vehicle, which helps to reduce both your upfront and monthly costs.
When to Refinance Versus Trading In
So, is refinancing or trading in right for you? You may want to refinance if:
- You want to keep your vehicle for years to come, and maybe hand it down to a young driver in your family.
- You’d like to lower your interest rate.
- You’re hoping to pay off your auto loan more quickly.
By contrast, some of the reasons to trade in your vehicle include:
- You want to apply the trade-in value to your next Subaru financing package.
- There are new models out you’d like to lease or loan from us.
- You no longer need a vehicle and want to trade it in for a fair price.
Whichever option applies to you, we’ve got you covered.
Chat With the Friendly Subaru Financing Experts in Freehold, NJ
We make the Subaru financing process easy. We pride ourselves on helping our customers refinance and trade in every single day. Stop by our Freehold, NJ, Subaru dealership to discuss your options in detail with our finance experts!
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