TRADING IN OR REFINANCING? THE CHOICE IS YOURS
There is a lot to be said for the person who knows that they need to take some time to consider their options in the battle between refinancing and trading in their vehicle. It is not a decision to be made lightly as it is clearly the case that whichever decision the person makes will have an impact on their finances for some time to come.
Refinancing is the option that a lot would prefer to go with, but it is not easy to pull off. Vehicles that are underwater are particularly hard to refinancing.
A trade-in is easier to do, but you have to watch your back carefully on these. There are a lot of scams out there, and dealerships are always going to do what they can to take your vehicle from you for the lowest price possible. Be mindful of these and slow to make a trade-in deal.