Deciding whether to trade in or refinance your car loan depends on whether you want to keep your current vehicle at lower monthly payments or use the equity in your vehicle to help with the down payment of a new car.

If you have earned significant equity from paying off your current vehicle loan, your monthly payments may end up being much lower than what you are paying right now. The downside is that you will have to pay on the loan for longer and will incur more interest charges. Trading in a vehicle is a good way to avoid…

If you purchase a car and you start to feel like the payments are too much, there are a few options that you can turn to before things get out of hand. First off, you can always try to refinance with your loan company to see if the payments can be made smaller or change to a longer plan with smaller monthly payments. However, if you are finding that you want to get into a newer vehicle, then you can try to look at trade-in value for your vehicle and get into a car this way.

Most dealerships are happy…

The total cost of owning a vehicle is higher than most people think. A vehicle’s purchase price costs a lot, especially for new or late-model cars, although the cost of other expenses related to owning a vehicle can be higher than the purchase price, in some cases.

You should think about the following factors prior to purchasing a vehicle, unless, of course, you have enough money to buy whatever you want.

Fuel is important to consider when weighing the purchase of a particular vehicle. If you don’t drive much, however, fuel should be at the end of your…

Your new dream car is within easy reach. Honda of Salem has revamped the process of car buying into a streamlined application. After you've had a chance to browse our huge inventory online, simply apply for financing. The online application will guide you through the steps, and, you'll walk away with a pre-approval from the comfort of your own home.

Car buying in the past has proven to be somewhat of a headache for many. Those with income and credit concerns often opt for less than desirable choices. With our financing experts able to find you the best…

At Honda of Salem, our new vehicles are of high performance and have excellent features that make lessees fall in love with them. However, the lease period will eventually end no matter how fond you have become of your leased Honda.

 

Here at Honda of Salem our goal is to make buying a new car as painless as possible. That's why our finance department is a full-service team of experts, there for you through any questions you might have.

Shopping for a new car and taking new models out for a test drive is the easy part of the car buying experience. When it comes to financing and crunching numbers, this is the part that stresses out most shoppers.

When it comes to treating yourself to a new Honda, you've got quite a few decisions to make before doing so. Fortunately, when you shop with our team, you can rely on us to help you make the decisions. Not only will our team help you to choose a vehicle that perfectly satisfies all of your daily driving needs, but we'll also help you determine whether financing or leasing is the best option for you. To learn more about the advantages of leasing and financing, we encourage you to read on below:

The Advantages of Leasing a New…