At Genesis of Amherst, we want you to be an educated consumer. Therefore, it is important that you understand concepts such as trading in your vehicle or refinancing a loan. When you trade in a vehicle, you are surrendering it to us in exchange for a credit toward another car or truck.

If you don't want to purchase another vehicle from our location, you can simply get a check for however much the car is worth after paying off an existing loan. Refinancing a loan means that you are asking for new payment terms from your lender. In some cases, the new loan will be with a different bank or financial institution.

You will likely seek to refinance a loan to obtain a lower interest rate or to extend the life of the loan. We work with many lenders in Amherst to help you obtain affordable loan terms.

 

Categories: Finance