Are you Waterford, PA car owner who's considering trading in or refinancing your vehicle? We can be of assistance at Auto Express Alfa Romeo of Erie with these factors that can help you decide which option best suits your needs.

If you think your car payment is too high, then ask yourself if you got a good rate on your car loan. You should also consider the term of the loan, and if you're having problems making payments, then a trade-in may be a better option. It's also beneficial to trade in your vehicle if it's not able to be refinanced because of its condition or age.

Has your credit score improved since you took out your car loan? If so, you may be able to get a better rate if you refinance. You still may be able to find a decent refinance rate if your credit score has stayed the same or even decreased slightly. If you're refinancing, be sure to shop around for the best possible interest rate.

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