There are some differences between refinancing a car loan and looking to trade in that same vehicle. Mainly, we have to focus on how easy it is to get one type of deal or the other. The bottom line here is that it is not that easy to get a refinance deal, but it is much easier to do a trade-in.

A trade-in is not exactly ideal at all times because you will get less than what the vehicle is worth. That is how this game works. The dealership has to have some incentive to make the trade with you in the first place, and their incentive tends to come from the price they can pay for your trade-in.

While that is certainly true, you have to remember that a refinance deal is very hard to get your hands on. It may help ease your payments, but good luck finding someone who wants to make that deal.

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