• How does part exchange work on a used car
    How does part exchange work on a used car

How Does Part Exchange Work on a Car?

How Does Part Exchange Work on a Used Car?

When you visit a car dealership, you'll often be asked if you're interested in part exchange, which means using your old car's value as part of the payment for a new car.

If you agree to this option, the dealer will start with a part exchange valuation of your current vehicle and effectively purchase it from you at an agreed price. However, instead of paying you cash, you can use that amount against the car you are looking to buy.

Part exchange is usually a great option to save yourself the time and effort that implies selling your old vehicle to an individual, especially if you plan to use that money to upgrade to a newer model.

Let's look more in-depth at how part exchange deals work to help you decide if it is a suitable option in your case. 

 

How to Part Exchange Your Car

Part exchanging your car will differ depending on the dealership you use, so our first advice is to ask the dealer to run you through their process in detail. Regardless of the dealership, you should expect to be able to discuss your valuation, ask for as much clarification as needed, and never feel pressured to accept a price.

With DCC, we work to make the part exchange process as straightforward and transparent as possible. There are three simple steps:

  1. Enter your registration in our part exchange valuation form and request a valuation for your old car. This part of the process is entirely free, and you have no obligation to buy from us. 
  2. One of our car valuation experts will contact you with an offer and will be there to answer all your questions. 
  3. Once accepted or agreed, you can drive your car in to collect your new one in person or benefit from our delivery service.

 

How Much is My Car Worth in Part Exchange?

The valuation of your old car will depend on a wide range of factors like its make, model, age, mileage, condition, colour, and modifications. Additionally, dealerships will look at other things such as service history, mileage, and usage. 

All cars depreciate over time, which is why you usually may find a part exchange price significantly different from when selling your car privately. However, it's essential to consider that part exchange comes with the added convenience of dropping off your old car, picking up your new one, and benefitting from the immediate discounted price, saving you the hassle of selling your old car first.

 

Should I Part Exchange my Car?

No one can decide this for you. You need to weigh the pros and cons and see what makes the most financial and practical sense for your circumstances. 

Consider whether you have full ownership of your car, whether it is on finance, and whether you are in positive or negative equity. If you are in negative equity, part-exchanging may not be the best option, as you won't be able to put any value towards the car you want to acquire.

You can learn more about part exchange in our article Part Exchange Frequently Asked Questions

 

Pros of Part Exchanging Your Car

Part exchange is a convenient process and great for saving time and money. You don't have to deal with the practical issue of finding somewhere to keep your old car if it hasn't sold before your new car purchase. Simply drop off your old car, pick up your new one, and the deal is done. 

Another advantage of part exchange is the immediate cut in the price you have to pay for a newer vehicle. This advantage is especially notorious if you're downsizing to a smaller or cheaper vehicle for which you could end up paying an insignificant difference. 

Cons of Part Exchanging Your Car          

Although part exchange tends to be an easy and quick process, you may find selling privately offers a better value for your car. It's rare for the most convenient and quick option to be necessarily the most profitable so keep this in mind when considering part exchange valuations.

So if you have the patience and experience to put your car for sale in the private market and get a better deal, and you feel that it is a worthwhile time investment for you, then you should definitely give it a shot.

 

Part Exchanging Your Car with DCC

At DCC, we won't haggle or put pressure on your part exchange. If you want to trade your old vehicle in SouthamptonFareham, or Waterlooville, we're here to make the process fair, simple, and transparent.

Browse our stock with hundreds of used cars available to buy and apply for a part exchange valuation so our team can give you an offer. If you want to discuss our part exchange process more in detail or just sell your car to DCC, don't hesitate to contact us

Reviews

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  • This has been the best experience I have had when buying a car, the staff are very friendly and always answered questions. I reserved the car from over 100 miles away and went to test drive it, the car was then delivered to me which was perfect. The checks that this company do before delivering the ... Read More

    This has been the best experience I have had when buying a car, the staff are very friendly and always answered questions. I reserved the car from over 100 miles away and went to test drive it, the car was then delivered to me which was perfect. The checks that this company do before delivering the car is amazing and very reliable, I opted for the life time warranty which is an amazing warranty when buying a luxury car. I would 100% recommend this company to anyone.

    Best Experience Buying A Car
  • Went to DCC cars for my new car this week and dealt with Kevin. Super helpful the whole way through and managed to sort me lots of extras that are massively appreciated! He was so quick to respond and amazing at explaining how everything would work with the car/finance. Would 1000% recommend coming ... Read More

    Went to DCC cars for my new car this week and dealt with Kevin. Super helpful the whole way through and managed to sort me lots of extras that are massively appreciated! He was so quick to respond and amazing at explaining how everything would work with the car/finance. Would 1000% recommend coming here and asking for Kevin!

    Super Helpful
  • I have just bought a new car through Josh and the team at DCC - I found them responsive from the get-go and very straightforward to deal with. Josh was extremely easy to deal with and highly communicative throughout. They gave me a sensible figure for my own car on part-ex and I wouldn't hesitate to... Read More

    I have just bought a new car through Josh and the team at DCC - I found them responsive from the get-go and very straightforward to deal with. Josh was extremely easy to deal with and highly communicative throughout. They gave me a sensible figure for my own car on part-ex and I wouldn't hesitate to recommend them, or use them again

    Responsive From The Get-Go
  • Very friendly, no pressure whatsoever, genuinely seemed interested in finding me a suitable car. Would definitely recommend as I haven’t been to a car dealership before where they are so nice!

    Very friendly, no pressure whatsoever, genuinely seemed interested in finding me a suitable car. Would definitely recommend as I haven’t been to a car dealership before where they are so nice!

    Very Friendly, No Pressure!
  • Rich at DCC Fareham is the best car sales person I've dealt with - first class customer service hassle free and relaxed - making it a pleasure to buy from DCC. Always a great choice of quality cars to choose from so no need to look anyway else. Buy your next car from Rich at DCC!

    Rich at DCC Fareham is the best car sales person I've dealt with - first class customer service hassle free and relaxed - making it a pleasure to buy from DCC. Always a great choice of quality cars to choose from so no need to look anyway else. Buy your next car from Rich at DCC!

    First Class Customer Service
  • Wonderful dealership, transaction was smooth and stress free from start to finish with the help of Estelle and Danny. We are delighted with the car, it was exactly as described and has super low mileage. Delivered for free in time for my daughters 21st birthday. Danny taxed it for us with no fuss. T... Read More

    Wonderful dealership, transaction was smooth and stress free from start to finish with the help of Estelle and Danny. We are delighted with the car, it was exactly as described and has super low mileage. Delivered for free in time for my daughters 21st birthday. Danny taxed it for us with no fuss. They even helped us keep the secret by writing 'hire car' on the keyring, so as not to raise suspicion. Perfect down to the very last detail. Thank you!

    Wonderful Dealership
  • Recently bought a new car and dealt with Radu who was fantastic. He was so helpful and kept me up-to-date and informed throughout the whole process. The delivery driver was also super friendly and would definitely recommend DCC to anyone.

    Recently bought a new car and dealt with Radu who was fantastic. He was so helpful and kept me up-to-date and informed throughout the whole process. The delivery driver was also super friendly and would definitely recommend DCC to anyone.

    Would Recommend DCC To Anyone
  • We just wanted to leave a review to say how pleased we were with the whole experience, from George Parker to the lovely delivery guy Jacob. . So pleased with the car.

    We just wanted to leave a review to say how pleased we were with the whole experience, from George Parker to the lovely delivery guy Jacob. . So pleased with the car.

    Pleasant Experience
  • Brilliant service. I bought a car from overseas in the Channel Islands over the phone. The car was delivered on time to the docks and shipped over to me. The car was as described and I am very pleased. The videos and photos at my request really helped. Appreciate all the time you spend Ollie. Will n... Read More

    Brilliant service. I bought a car from overseas in the Channel Islands over the phone. The car was delivered on time to the docks and shipped over to me. The car was as described and I am very pleased. The videos and photos at my request really helped. Appreciate all the time you spend Ollie. Will not hesitate to use again.

    Brilliant Service
  • These guys are so good I’ve bought my last 8 cars from them for both my wife and I - don’t even bother to look anywhere else as I know I’ll get a great deal on my new car and trade-in with first class customer service. I’m so happy with them that I buy cars off the web withou... Read More

    These guys are so good I’ve bought my last 8 cars from them for both my wife and I - don’t even bother to look anywhere else as I know I’ll get a great deal on my new car and trade-in with first class customer service. I’m so happy with them that I buy cars off the web without seeing them first knowing that everything will be great. Big shout out to Rich who’s the boss when it comes to a hassle free purchase - I had my new car on the drive in less than 4 hours today - where else can you get that level of service? Check out DCC!

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