Written by : sshields
Published on:: 09/01/2017
To put it simply, part-exchanging means using the value of your current car to go towards the cost of a new one. For example, your current car is valued at £8,000, by a dealer, and the car you wish to purchase is priced at £12,000. That means you only need to pay £4,000 towards the new car, otherwise known as “price to change.”
In the vast majority of cases, you can part-exchange your car no matter how old it is or the condition it is in. However, there are certain criteria that will affect the valuation of your car, such as faults with the car, service history, how much MOT is left and so on.
Yes! We’ll take in any car as part-exchange, even if your current car is worth more than the car you want to buy.
At The Car People, we make part-exchanging easy. Unlike other dealers, we will give you the best valuation first time round, which you can use against any car available for sale at our showrooms. We can even value your car over the phone, by email or
Depending on the type of finance you’ve taken, in most cases, you can still change cars and carry over any outstanding finance onto your next car. Most dealers, including ourselves, will settle the finance on your old car on your behalf. Click here for more information on outstanding finance.
The main advantage of part-exchanging your car is the convenience of visiting a dealer with your old car and driving away in a new one, it’s as quick and simple as that! What’s more, you can part-exchange your car even if you have outstanding finance, which you can’t do if selling privately (you have to clear any outstanding finance if you wish to sell privately).
The main disadvantage of part-exchanging is you won’t get as much for your old car as if you sold it privately. Of course, with selling privately comes the hassle of time-wasters and