[thedm]

Hello,

I purchased a certified pre-owned E92 in September of last year, and due to some unforeseen circumstances (job, recent college grad, etc.), I have come to the really difficult decision that it may be better to downgrade and take a lower monthly payment. I still have about four years of payments left on this car, and my interest rate is really low, but I'm wondering if I can still settle for cheaper.

What is the process of doing this? Will I even save money in the long run? I heard that refinancing will cause my interest to go up... For example, if I were to go to a VW dealership and say, "I want to trade in my car for a used GTI", would they take over the rest of my payments or what? Do I sell the car outright? I've been doing a little reading, and it seems that I would just lose out in the long run if I deal with the dealership...

Ultimately, I am very unfamiliar with this whole process and any help would be much, much appreciated.

Thanks guys.