Everything you need to know about part exchanging your car

Part exchanging a car is a popular option for those who are looking to upgrade their vehicle. It involves trading in your old car to a dealership or seller, and using its value towards the purchase of a new car. While it can be a convenient and hassle-free process, it's important to understand how to get the most money for your part exchange and whether it's the right choice for you. In this blog post, we'll discuss the ins and outs of part exchanging cars.

• What is a part exchange?
• Is it better to part exchange a car or sell it privately?
• Can I part exchange my car if it is still on finance?
• What determined part exchange value?
• Can I part exchange a faulty car?
• Part exchange your car in Chippenham

A part exchange is when you trade in your old car as part of a deal to purchase a new one. The dealer or seller will assess the value of your car and offer you a price that can be used towards the purchase of your new car. The process of part exchanging a car is often simpler and faster than selling it privately, but it may not always result in the highest price.

Deciding whether to part exchange a car or sell it privately depends on your individual circumstances. Part exchanging can be a convenient and hassle-free option, especially if you're looking to upgrade to a new car quickly. However, selling your car privately can often result in a higher price, especially if your car is in good condition and has low mileage.

If you do decide to sell your car privately, you'll need to invest more time and effort into advertising it, arranging viewings, and dealing with potential buyers. This can be time-consuming and may not be suitable for everyone.

Yes, you can still part exchange your car if it's still on finance. However, you'll need to make sure that the value of your car is greater than the outstanding finance balance. If it's not, you'll need to pay off the difference before you can part exchange your car.

Several factors determine the value of your part exchange, including the make, model, age, mileage, condition, and service history of your car. The dealer or seller will also take into account current market conditions and demand for your car.

To give yourself the best chance of getting a better value, read our article on how to get the most money for your part exchange.

It's possible to part exchange a faulty car, but you're likely to receive a lower price than if your car was in good condition. The dealer or seller will assess the extent of the fault and its impact on the value of your car.

It's important to be honest about any faults when part exchanging your car to avoid any disputes or issues later on.

At Chippenham Motor Company, we are happy to take your part exchange as a deposit or part payment towards your next car. We're even happy to purchase your old car to save you the hassle of selling it privately when it's time to move on.

To get started, why not use our online tool to get a quick valuation estimate. Once you've completed it and received your figure, a member of our team will be in touch to discuss more about your car to see whether it's possible to offer you any more money for the vehicle. 

_{Image by prostooleh on Freepik / Image by standret on Freepik / Image by ArtPhoto_studio on Freepik / Image by Freepik}