Part exchanging your car: Here’s what you should know

14 May 2021

Part exchanging your car can be a tempting option that takes some of the stress out of buying a new vehicle. After all, what could be easier than simply trading your old car in for a new vehicle?

However, part exchanging your vehicle isn’t always the best option financially. In this article, we’ll take a look at exactly how part exchanging your car works, as well as the pros and cons of part exchange and the alternatives.

How does part exchanging your car work?

Many people see part exchanging their vehicle as the most attractive option thanks to its ease. You simply find a new car to purchase at a dealership and then receive a discount on its price in exchange for your old vehicle.

Sounds great, right? Continue reading to discover the pros and cons of part exchanging your car.

Pros and cons of part exchanging your car

Part exchanging your vehicle has many pros and cons. It’s a popular option, so obviously many people are happy with the process. But there are a few disadvantages that you should also be aware of.

Advantages of part exchange

  • Quick and easy
  • No need to arrange viewings and facilitate test drives
  • Avoid advertising your car
  • No need to deal with enquiries from potential buyers
  • No haggling required

Disadvantages of part exchange

  • Less money than with a private sale
  • More negotiation with the dealership
  • You'll need to buy and sell at the same dealership

Why are part exchange valuations lower than others?

So, why is it that dealerships offer less for part exchanging your car than you could get by selling your vehicle privately?

When you part exchange your car, the dealership is purchasing your car to re-sell. Not only will they be hoping to make a profit on your car, but they’ll also incur the costs of stocking and preparation. The dealership is acting as the middleman between you selling your car and a buyer purchasing it.

When you sell your car privately, you’re getting all of the money yourself, rather than a chunk of the money going to the dealership. That’s why you’ll typically get more money for your car when you sell privately than through a part exchange.

How to get the best price when part exchanging your car

If you decide to part exchange your car, you might be wondering if there’s a way to make it more attractive to the dealership. After all, if the dealership is going to be knocking the price down below market value, you’re going to need every single penny.

First things first, give your car a good clean both inside and out. It’s worth investing in some good polish to give your car that showroom shine.

At this point, you can also touch up any scratches and replace any broken parts. This will make your car more attractive to the dealership, as they will see it as easier for them to sell on, as well as needing less time in their repair garage.

You’ll also need to dig out all of your paperwork. This includes your MOT certificate, service records and your log book. If your car has a full service history which can be proven through your service records, you’re likely to attract a higher price when part exchanging your car.

Is there another option?

Part exchanging your car is a tempting option due to the ease, but is it really worth sacrificing the price? Should you opt for a private sale to get those extra precious pounds, or is there another way?

This is where Any Colour Car comes in. If you want to avoid the hassle of a private sale but want to secure a better price than through part exchanging, we can help. We aim to give our customers the same simplicity that comes with part exchanging their car, whilst offering more attractive prices than many of the dealerships.

When you think of an online car buying service, you’re probably thinking of a company who will promise you a large pay out but then reduce the price when they view the vehicle. Are we right?

At Any Colour Car, we pride ourselves on being different from the crowd. We don’t expect your car to be showroom quality because we know that used cars are, well, used. That’s why we won’t knock down the price unless there is a significant issue with your vehicle – and that’s a promise!

Sell your car to Any Colour Car

So, if you want to sell your car hassle-free, without the stress of a private sale or the knock-backs of part exchange, contact Any Colour Car today.

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