Reviews of sold financed car and then financed a new one?

Hello everyone,

I have been preoccupied with a topic for some time.
I'm thinking about selling my current car and then buying a new one.

The background is this: My current car is financed. The financing runs until September 2026, but I would now like to get a different car. My circumstances have changed, and unfortunately, my current one no longer fits.
Currently, there's still about €19,000 outstanding. I'd get a good €18,000 for the car from a dealer. The difference between the amount still outstanding and the amount I received is about €1,000, and that's no problem. I can easily add that to the old one to redeem it.

I would then have to finance the new one as well.

Well, I know I need the bank's approval to sell the car. So far, no problem.

Now that the facts are clear, the question arises.

Have any of you ever sold or bought a vehicle like this under similar conditions? I'd love to hear about your experiences.

ps: I don't need a lesson or answers like "Yes, that's possible"

Feel free to share your experiences. I look forward to reading them.

Best regards

Schotti

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apfelbus
1 month ago

Has one of you ever done such a vehicle sale/buying with similar conditions? I would like to read your experiences.

I just bought what I could pay. Cars too. Then you start with small used people until you have enough money for a new car. Boring’s worried.

heddygg
1 month ago

sounds very plausible and feasible.

I would just start the new purchase and the new financing when the old loan was redeemed by sale. Otherwise, the old rate would be counted as a fixed issue in the new financing. This could otherwise (depending on personal and financial. Situation) in the capital service bill “eng”