New Golf Match ordered however unsure if I did the right thing with part-ex

[j00ls]

I've just placed an order for a new Golf Match 122 TSI :biglaugh:

The dealer gave me a valuation for my part-ex which is guaranteed until the new Golf is delivered. Considering delivery will probably take at least 3 months I think the valuation is reasonable if you take into account depreciation on my current car between now and then.

What I am unsure about however is that I will carry on paying the monthly installment (as my current car is under finance with a balloon payment), hence when the Golf is finally delivered the settlement sum will have reduced also (which the dealer will then settle on my behalf).

So do you think the dealer has got a better deal?
What are other people's experience regarding their part-ex with outstanding finance?

[percymon]

Very difficult to judge your deal without knowing the specifics of your current payments, balloon and the part ex price given.

Your current finace company should eb able to tell you the situation now, in 3 month and in 4 months time. You'll then know what the VW dealer has in your part ex settlement.

If you weren't part exing, then you could get 10.5% and another £350 discount via a car broker. This route obviosuly needs exact timing of giving up the current vehicle to the lease/finance company and collecting your new car !

given the way interest rates have been over the last 12 or so your balloon could be lower than you think

[benzo_26]

I have only had bad experiences when trading in cars I had on finance. I always seem to lose out financially but that is mostly my fault foe trying to change cars way before my agreement is up, i get easily bored. I was told that they couldn't give exact settlement figures in advance but I duno if that is true. You should be able to make rough calculations on what your saving compared to what the dealer is contributing to the deal. Can you give specifics on your deal?