Part exchange


A part-exchange is when you trade in your current car and put the proceeds towards the purchase of your new vehicle.

It provides a quick and convenient alternative to a private sale, and by selling your old car faster, you can get behind the wheel of your new car sooner.

Find out how much your car is worth with our handy Car Valuation Tool.


How does a part-exchange work?

When you part-exchange your car with Creditplus, we ensure everything runs smoothly from start to finish.

Our Car Valuation Tool will provide you with an instant, accurate quote, just tell us the vehicle’s age, mileage and condition (good, fair or bad) and we’ll do the rest.

If you’re happy with the quote, this can be used as a Deposit towards your finance agreement.

Paying a larger deposit is an effective way to reduce your Monthly Repayments, and lower the cost of interest.

Once you’ve found your dream car, we’ll even collect your old one and deliver your new one to your doorstep free of charge, as part of our unique Find, Fund and Deliver service.

Advantages of a part-exchange

The biggest advantage of a part-exchange is convenience.

With a part-exchange, you can sell your car there and then, and drive your new one away on the same day.

But choose to sell your car privately, and you could end up waiting weeks or longer to find a buyer.

Not to mention the time and effort wasted on viewings that lead nowhere.

Selling a car privately can also be more expensive than you think once you factor in the cost of listings and advertisements, but these costs are avoided when you opt for a part-exchange.


Disadvantages of a part-exchange

A part-exchange won’t always give you the best price for your vehicle and you may find you get more money for your car if you choose to sell privately.

Simply put, this is the trade-off for the ease and convenience of a seamless part exchange.

At Creditplus, we may not always be able to match what you could get from a private sale.

But as a reputable RAC Approved Dealer, we’ll ensure you get a fair price for your vehicle.


Can I part exchange a car on finance?

Part-exchanging a car with outstanding finance is often possible, but first you’ll need to pay a settlement figure to end your current agreement.

If your settlement figure is less than the value of your car, you can use the Equity towards a deposit on your next vehicle.

However, if your settlement figure vehicle is greater than the value of your car (the vehicle’s in Negative Equity), you will need to pay the difference. 

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