Trade In's

[Anonymous]

Hey everyone, i just wanted to ask i have a 2009 VW Rabbit and a capital one loan for 17000, i want to trade that in for a 2010 jetta tdi, do you think this is wise?  Can i get enough to pay off my one loan, and get another one?  Who should i talk with?  My loan company?  Thanks for the replies guys.

[Anonymous]

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@Anonymous wrote:
Hey everyone, i just wanted to ask i have a 2009 VW Rabbit and a capital one loan for 17000, i want to trade that in for a 2010 jetta tdi, do you think this is wise?  Can i get enough to pay off my one loan, and get another one?  Who should i talk with?  My loan company?  Thanks for the replies guys.

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Honestly, unless you had put a big down payment on the Rabbit you will most likely be upside down. Even though your Rabbit is brand new and a nice car, it still loses a ton of value as soon as its driven off the dealership. IMO, I would hang on to the Rabbit. Stop for a second and think, do I really need this? Is it worth it? The dealer is going to tell you its not an issue at all and you should do it, but thats because this is how they make their money. 

[Anonymous]

I agree 110% with Kylan. A VW Jetta does not retain it's resell value very well. Also some people might disagree with me on this one but after many talks with my brother who is a mechanic for over 12 years I can tell you he sees them all day long and says they have many many problems. I have seen this first hand when in his shop he always has at least two VW in for repairs. I would advise that you SHOULD keep what your have, but being a big time car guy myself i understand you always want something new. If you are worried about going upside down on the Jetta if you choice too i wouldn't take longer then a 36 month loan or try to lease it. Whatever you choice to do i wish you the best of luck.