Any experience of changing vehicle while in middle of finance

  • Last Updated:
  • Jul 28th, 2021 10:01 pm
Jun 23, 2021
16 posts

Any experience of changing vehicle while in middle of finance

Hi looking for some advice regarding changing vehicles. In 2019 I bought a demo top of line trim vw tiguan. Financed it at a vw dealership.

I not sure how it works if I decided to upgrade vehicle is it best just to stick with vw and stay at same dealership might be more easier. Like if I buy and trade via a used car dealership what if any difference would there be.

Has anyone done this recently any advice. I am thinking to change next march or april. Reason for changing need little more room inside vehicle.
3 replies
Deal Expert
User avatar
Jul 30, 2007
32366 posts
balance of current outstanding loan balance is either you can pay it off 100% or carry over to the new VW purchase. Do be careful of what the new car's interest rate is as you are combining the old and new into one new loan now.

As for the trade in value, that's another thing to worry about as dealer may low ball you on the value.

If you intend to this trade in and get a new VW ... then ....

current trade in value - current balance of loan = net amount to be refinanced (if it's negative equity) and add on to the new car financing.
Jr. Member
Feb 7, 2017
186 posts
Now might be the best time. Depending on how much you owe and given the current demand of used cars the dealer may offer you top dollar, best case scenario they pay off your loan 100% and you get a new car with them??
Deal Addict
User avatar
May 18, 2002
4432 posts
Yeah, the only issue is finding a new car in stock. Make sure the dealer you are working with has one that you want before talking about your trade value.
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