Hi, newbie here.
I was quoted an Overtrade amount to offset from my DP when I approach a local AD to sell my existing car as part of my consideration to buy a new model from the same local AD.
Question-1: while I understand the Overtrade help ease my DP amount (and increase my bank loan amount), I am wondering does Overtrade amount works only if I trade-in an old car with the seller?
what if I decided to sell/de-register the car on my own, take the cash (after settling my outstanding bank loan)....and say comes back two months later to buy the new car, would the Overtrade concept still apply?
Question-2: Why Overtrade amount varies (up to 10k!) when I asked for the nett price for different models from the same distributor?