Did You Buy Too Much Car for Your Budget?
It’s easy to commit to a loan that’s too much for you to manage. Many banks are anxious to loan the maximum amounts possible. If you find yourself struggling to make your monthly car payments on top of your other living expenses, you may be wondering if it’s the time to refinance or trade-in your car.
If you are living beyond your means, refinancing will not help you in the long run. You will continue paying interest as your car decreases in value. If this is your situation, it may be a wise choice to trade in your vehicle sooner rather than later and get something more affordable until your financial situation changes.
Come by Maserati of Santa Barbara in Santa Barbara, CA to learn what kind of trade-in deals we can offer you. We can also help you run the numbers on refinancing and provide the information you need to make a smart decision.