Buying new vehicles can mean undergoing a tremendous financial hit when it comes to depreciation, with new cars losing an average of 11 percent of their MSRP value as soon as they're driven off the dealership lot. This can make it difficult to trade in your now gently-used vehicle for a newer one without bringing a large sum to the table. If you'd like to pay off your existing auto loan so that you can sell your vehicle for another one (or simply want to eliminate what can often be a high-interest short term loan), should you seek credit from your home?

No matter how well you plan financially, there's always the risk of a sudden emergency exceeding the cash you have available Before you find yourself in this position, it's in your best interest to understand that you have options for quick cash even if your credit score isn't the best. Before you panic at a daunting financial need, here are a few reasons why you might want to consider visiting a local payday loan service, such as Payday Express, to help you close the gap.