Are you having a hard time deciding if you should refinance your car or trade it in? If so, let us help at Volvo of Corvallis in Corvallis, OR. Although refinancing a vehicle and trading it in both have benefits, which one is best for you depends on several factors.

If your interest rate was high when you bought your vehicle, and your credit score has gone up, then you may consider refinancing. You may even be able to get a lower interest rate if your credit score has stayed the same or went down slightly. If you shop around, you could find a lower interest rate than your original rate.

If your vehicle is old, then refinancing may not be possible. While you may not get a lot from an older vehicle, a trade-in is beneficial because you get a reliable vehicle, and you don't have to worry about getting a tow and costly repairs if it breaks down.

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