Back to glossary

Part exchange

The part exchanging of vehicles is becoming more and more common with less people having the time to sell their cars privately. When you opt for a part exchange, you are bypassing all the potential time wasting buyers and the fees to advertise your car for sale privately, making it a very attractive option for many motorists.

Some dealers may even pay you over the odds for your old car in order to sell you a new car. Furthermore, some dealers pay you a minimum cash fee for a part exchange vehicle.

When you part exchange your car with a dealer, the value of your car goes towards the cost of your new car. This can offer you a new negotiating tool as you are providing the dealer with an asset (your old car) that can generate extra profit for them, as opposed to a cash deposit which will not generate any extra profit.

How to get the best possible price when you part exchange your vehicle

Below are just a few tips which will help ensure you get the best possible price for your vehicle.

  • Gather all relevant documentation.
  • When discussing a relevant part-exchange price for your vehicle, don't forget to mention what documentation you have as this will work in your favour.
  • If your car is suffering from any damage to the bodywork or the interior, consider looking around for a quote to have this repaired.
  • Ensuring that your car is clean and tidy both inside and out is important when part-exchanging it, as the dealer who is valuing your car may make the assumption that it has been well looked after, and be more inclined to offer you a better part exchange price as a result.
  • Bring all the keys, as they are worth money. If you have spares, make sure you bring them with you as this will only go in your favour.

Want To Be Sure?

Our simple, obligation free online process can give you a better idea of your eligibility!