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Refinancing vs. Trading in Your Vehicle

Getting a new or “new” used vehicle is a big decision, and at Cawood Honda, we want you to be able to make an informed decision when it’s time to get another vehicle. Should you refinance or is it better to trade in your current vehicle? Come and see us, and let us help you.

If you feel like you’ve been making car payments forever and that they’re higher than you’d like, it may be a good idea to refinance your current auto loan. You may be able to get lower interest rates, which will result…
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Things to Know when Applying for an Auto Loan

Having a basic knowledge of the financial terms that are involved with getting financing for a car could let you have peace of mind as you move through the loan application process. At Cawood Honda, we'll address any of your concerns and get you the best loan possible.

An important number associated with a loan is the APR, or the annual percentage rate. This determines the interest you have to pay on your loan every year. Your credit score will determine the APR on your loan, with higher credit scores leading to lower interest rates. 

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The One Thing You Need to Do to Lower Vehicle Expenses

Many people in the United States of America – and across the entire globe, for that matter – fail to live within their means, which translates to people spending far more money than what they earn or have saved up in savings and checking accounts. Although it is nice to drive around in a fancy car, the debt that is associated with such a vehicle weighs heavily on the minds and hearts of people who take on such large chunks of debt.

 

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Explore What Your Vehicle Really Costs

Everybody needs one or more vehicles, depending on their particular uses and your obligations. You might need a van for your four children, but a large diesel truck to work as a logger. Either way, vehicles have several quasi-hidden costs that prospective buyers often overlook . Here are a few of them:

While your vehicle might not ever need a true repair, like a blown head gasket or non-functioning alternator, it will invariably need regular maintenance. If you perform it yourself, you must only pay for supplies like oil, air filters, and so on.

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Buying vs. Leasing

Do you want to take your vehicle to a new level? If you do, there are a lot of options at our location. We have been helping customers with their buying and leasing decisions for many years. Few of our customers have the money to pay for a new car with cash. Instead, there are a lot of great options that can still result in you walking away with a car that you love. A lot of people like to lease a car because it gives options down the road. If you want to take things to the next level…
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Benefits of Leasing a Honda in Port Huron, Michigan

Here at Cawood Honda, we are not just interested in selling you our spectacular Honda vehicles: We also want for you to enjoy years of stylish and reliable transportation. Part of your long-term enjoyment comes from selecting the right auto financing solution to meet your unique payment needs. If you pursue the latest automotive innovations, like to stay ahead of the trends, or cannot get enough of that new car smell, choosing a Honda lease could be a great option for you to consider.

 

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