<prompt> Human: So I still owe 15.5k on the car and the estimated buyback value is 16.6k.Basically my thought is this: my loan is currently in my parents name as I didnt have credit when I bought the car, so having VW pay the loan off as is isnt really going to be beneficial to my credit score like it potentially could be. Im thinking instead I could ask for cash, and then use the fact that I can buy outright to my advantage to get something in the 8-10k range that might typically be hard to get through the bank something slightly older than banks typically want to finance. Then I could use the remaining 6k to put a big dent in my loan after I refinance it in my name. The idea is Id end up with a car that makes more sense financially, better credit score, and not have to go through the restrictions of getting a new car loan.  <response>: So...when you do the buyback, they give you 16.6k, but the loan is going to have to be paid off. They cant buy back a car that has a lien on it. Youll be left with 1100. You dont get to keep a car loan on a car you no longer have. 