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how do used vehicle exchange programs at car dealerships work?
user
yikes! not always is this the case... for example, you purchased a new car with an interest rate of 5-6%or even higher... why pay that much interest throughout the loan. sometimes trading in the vehicle at a lower rate will get you a lower or sometimes the same payment even with an upgraded (newer/safer technology) design. the trade off? when going from new to new, the car may depreciate faster than what you would save from the interest savings on a new loan. sometimes the tactics used to get you back to the dealership could be a little harsh, but if you do your research long before you inquire, you may come out on the winning end. look at what you're paying in interest and consider it a "re-finance" of your car but taking advantage of the manufacturer's low apr special to off-set the costs.
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