Part exchange your car

What is part exchanging?

Part exchanging is the process of ‘trading in’ your old car when buying a car by offsetting the value of your current vehicle against the one you’re purchasing. Traditionally, you may have taken a car to a dealership where they would deduct its value from a new vehicle or use it as a finance agreement deposit. Dealers may estimate the trade-in value of your car online by entering your vehicle’s details and using data to provide a price. Similarly, you can get a free car valuation with webuyanycar by entering your registration plate at the top of the page.

What is a part exchange car?

Part exchange is when you sell your current car to help you pay for a new one. Therefore, a part exchange car is either car involved in the deal.

• What is the advantage of part exchanging?

Part exchanging may seem more convenient than selling a car privately, where you will need to spend time advertising the car, preparing it for resale and meeting potential buyers. However, when you part exchange, you can theoretically drive into a dealership in your current car and leave in a new car.

• What are the disadvantages of part exchanging?

When compared to other methods of selling, you may get less money when part exchanging your car at a dealership due to their overheads and requirement to make a profit. If you have a car that isn’t desirable to the dealer, there may be less incentive for them to give you a good trade-in price.

Also, if you are part exchanging, you may find it difficult to negotiate the best price for your car. Suppose you have found a vehicle you want to buy from a dealership in a part exchange deal. In that case, you may want to consider researching the market first, such as getting an online valuation in under 30 seconds through ourselves.

Finally, part exchanging could make the purchase of a new car more complex due to having two transactions involved. Whilst it may seem convenient to buy and sell in one place, getting a good deal for your current car and the one you are purchasing could become confusing compared to dealing with each separately.

What documents do you need to part exchange?

If you decide that you are happy with the valuation provided by the dealership and want to go ahead with the part exchange, you will need to provide the following:

Sell your car with webuyanycar

Selling your car with webuyanycar is quick, convenient and simple. We will give you a valuation in under 30 seconds based on the information you’ve provided, combined with our data on market value, seasonality and demand. If you’re happy with your valuation, simply book an appointment at one of our 500+ UK branches.

Deposit for your next car

When you sell to webuyanycar, you can get the cash in your bank within 15 minutes using our Immediate Payment option (fees apply). You can then use the cash for a deposit towards your new car.

Visit your local branch

With over 500+ branches across the UK, you can sell your car in under an hour, from the point of getting your online valuation, through to agreeing to the sale of your car. Simply book an appointment at your local branch at a time which is convenient for you.