At Zeigler Maserati of Grandville, we want you to know how to get the most value for your money as a car owner. One way to make owning a car more affordable is by trading it for a new vehicle. The equity in your vehicle will be used as a down payment, which will reduce how much that you need to finance.

In some cases, trading in a vehicle may reduce the cost of the purchase for sales tax purposes as well. This could save an additional $500 to $1,000 on the overall purchase price. Refinancing your vehicle loan can also save hundreds of dollars over the life of your current loan.

This is because you may be eligible for a lower interest rate. You may be able to refinance a loan through the dealer or by going to a local bank or credit union to complete the transaction.

 

 

Categories: Finance