In a nutshell, part-exchanging your car is the easiest and best hassle-free way to sell your car. It takes away the cost and time consuming efforts of booking in viewing times and constantly negotiating an amicable deal for both parties involved. By doing a simple part exchange, your car is sold, you have an instant agreed price and cash which can go towards your newer used car.
What does part exchange mean for car owners?
Part exchange is a process whereby you trade in or use your old car as a deposit or part payment to go towards the purchase of a newer used car.
Can I part exchange my car if I have outstanding finance?
Yes, indeed you can. Even if you have outstanding car finance on your car, you can still speak to a dealer to discuss settlement options. And then any remaining value can then go towards the purchase of your new used car. The easiest way to do this is by contacting a used car dealer who has access to a portfolio of well-established car lenders and they will calculate what’s left outstanding and then provide possible options in having the loan settled and upgrading you to a newer used car.
Does my old car need to have a current MOT?
Some car dealerships require a minimum of 3 months MOT, but Best Price Car Sales have no requirements, and will accept if your old car has a current MOT or not. All used cars sold by us will have a full and current MOT.
What documentation is required for a part exchange?
Once both parties have agreed on a price for your old car and the final steps in upgrading to a newer used car, you’ll be required to produce the following; V5/Logbook, MOT certificate(if you have a valid one), spare keys, (if available) and service history (if available).
Our part exchange promise
At Best Price Car Sales, we will give you a price promise over the telephone, and promise we won’t chip you. All we ask is that you are honest with us and we will be happy to give you a fair price for your old car. On top of that, we will pick up your old car once we have finalised the deal for your newly purchased used car. All of our used cars will be delivered to your door, free of charge, and in any location in the UK.
Your part exchange quotation will be valid for 14 days. But if you need more time, just let us know and we will extend it for you.
If you have any questions which we have not covered in this article, please feel free to contact us on 02382 549 222 and speak to one of our friendly advisors who will be happy to answer any questions you may have and discuss your full part exchange options. You can also click here to apply for instant car finance and we will call you to let you know how you can proceed further with us.