When you part exchange your car, the dealer will assess your vehicle to determine its part exchange value. Although the dealer is effectively buying the car from you, they will offer to subtract the value of your old car from the price of a newer model (as opposed to offering you cash for it).
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.
However, bear in mind that a dealership will be focused on making a profit. As such, you’ll typically be offered less than what you could make through other selling methods such as selling your car privately.
Use the free part exchange value tool at the top of the page to find out your car’s value in less than 30 seconds. You can then use this figure to determine whether you’re getting a good part exchange deal at your local showroom.
When part exchanging your vehicle, make sure you have the following documents ready:
For a comprehensive list of all the paperwork you might need, visit our guide ‘What documents do I need to sell my car?’
Missing documents can reduce your car valuation. The following guides can help you retrieve anything that’s been misplaced:
Missing keys will also devalue your car, so make sure you have both sets to hand – or replace your lost car keys before visiting the dealership.
If your aim is to get the best possible part exchange value for your car, be prepared to spend a little time and money to get it looking and running the best it can. This might include:
Respraying your car (if the paintwork is worn or damaged).
Getting an MOT test (if there is less than 6 months’ cover on your current certificate).
For more tips and insights, visit our guide to preparing your car for resale.
From here, you can drive to the dealership to enquire about part exchanging your car. Remember, you may be able to negotiate a better deal by quoting your free car valuation. Good luck!
Bear in mind that this valuation may not match what you paid for the car; you should account for how long you have had the vehicle and other depreciation factors.
Our car valuation tool factors in all these variables for you. Simply enter your reg and mileage details to get a quick, hassle-free valuation.
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 trader. Therefore, the actual part exchange value they offer for your car may be less than what it’s worth elsewhere.
Remember, if you are unhappy with the trade-in value offered at a dealership, you are under no obligation to accept it.
Here at webuyanycar, we could beat your part exchange offer. Simply enter your reg number into the part exchange valuation tool above to get started. Our selling process is easy and could help you raise more cash to put towards your next car.