Are You Going to Refinance or Trade-In Your Vehicle?
The vehicle that you have now is something that you will have to make a choice on at some point. You can either try to refinance it if you like what you have now. That will save you some on the interest rate, but you will remain in the same vehicle that you have right now. People like to do this if they can, but finding a lender who will make that deal is difficult.
Trading in a vehicle is far more common, but it is also something that will result in you not getting a lot of value out of it. You end up losing value because you take what they are going to offer on it. You can still get into a new vehicle that you like better than what you have now. That is a big deal to a lot of people, and it is a big reason why people trade them in.