Part exchange value
Considering a part-exchange? Don’t forget to check your car’s market value. Enter your reg number and mileage below to get a quote in under 30 seconds.
How does a part exchange valuation work?
When you part-exchange your car, the dealer will assess your vehicle to determine its part-exchange value.
However, a part-exchange deal differs slightly from a traditional car sale. The dealer will assess its value and deduct this amount from the price of your next vehicle, rather than paying you in cash.
Part-exchanging can be an attractive option if you want to ‘trade up’ to a newer or more prestigious model but are unable to buy the car with cash. Most car dealers are relatively flexible - and some will even allow you to part-exchange a car on finance.
How do I get my car’s part-exchange value? (step-by-step)
Get a free online valuation
Dealerships are focused on profit, often working within strict profit margins. So, you’ll typically be offered less than what you could make through other selling methods, such as selling your car privately.
Therefore, we recommend getting a quote with webuyanycar’s free car valuation tool before visiting the dealership.
This takes less than 30 seconds, and your valuation can help you gauge whether you’re getting a fair deal – and provide a starting point if you later decide to haggle.
Gather the right documentation and accessories
Dealerships may request the following documents and accessories for a part-exchange deal:
- V5C logbook.
- MOT certificate.
- Both sets of car keys.
- The owner’s manual.
- Service history documentation (if applicable).
- Finance settlement letter (if your car has outstanding finance).
- Proof of address (e.g. a utility bill).
- Photo ID (i.e. driving licence or passport).
- Any extras (e.g. the wheel locking nut).
Tip: Our guides to replacing car documents, missing service paperwork, and lost keys can help you find everything you need.
Prepare your car to be part exchanged
Do you want to get the best possible part-exchange value for your car? Be prepared to spend a little time and money to ensure it looks and runs its best. This might include:
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Removing scratches and dents.
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Respraying your car (if the paintwork is worn or damaged).
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Servicing your car.
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Getting an MOT test (if you have less than 6 months’ MOT cover remaining).
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Changing tyres that are worn beyond 3mm.
For more tips and insights, visit our guide to preparing your car for resale.
Drive to the dealership
Finally, when you visit the dealership, we recommend getting a price for the car you want before revealing you’re interested in a part-exchange. This keeps the two transactions separate – and makes the process less confusing.
Otherwise, the dealer could offer you a good price for your old car, but then charge your more for the one you want to buy. To ensure transparency, it’s better to negotiate the price for the new car first.
You can also compare your online valuation to your trade-in value and use it to negotiate. Good luck!
How much is my part-exchange car worth?
The dealer will assess your vehicle’s condition and use market data for the relevant make and model to calculate your car’s value.
However, a dealership will have higher overheads than a private buyer – and dealers often operate within strict profit margins. Therefore, your part-exchange value will usually be below the car’s true market value.
The dealer may offer slightly more if you have a sought-after model – or slightly less if their showroom is already well stocked with similar cars.
What if the part exchange value is lower than expected?
Remember, if you aren’t happy with the trade-in value offered at a dealership, you’re free to walk away.
At webuyanycar, we could beat your part-exchange offer, giving you more cash to put towards your next purchase. Here’s how it works:
- Enter your reg number into our car valuation tool to get a quote in under 30 seconds.
- Book your appointment at any of our 500+ UK branches.
- Drive to your appointment. Happy to sell? We’ll send the cash to your bank
Frequently asked questions
Although superficial issues such as scratches or dents can affect your part-exchange value, structural and mechanical damage usually have a far greater impact.
Missing keys and documentation can also significantly reduce your part-exchange value.
Ensuring that you have the right documentation and accessories ahead of your part-exchange is crucial.
Making sure your car looks and performs its best (from changing worn tyres to washing your car) can also help to boost its part-exchange value.
