Considering part-exchanging your car for a different model?
Added: 12 October 2017
So you’ve decided it’s time for a new car. It’s a big decision that probably only sits behind buying a house in terms of big lifetime purchases. With this in mind it is important that you get as much money for your current car as possible.
Many of us are faced with the decision to either part-exchange our current car for the new car we’re going to purchase, or sell our current car privately. Making this decision isn’t easy.
Let us talk you through both decisions, as well as answering some other common questions so you can decide which option is best for you.
More often than not part-exchanging your car involves much less stress. You will sell your car to the dealer for a fixed price and that will come off the cost of your new car once all of the paper work is signed and you have handed over the keys.
This option cancels out such issues as a buyer coming back to you if something has gone wrong with the car, or waiting for a buyer to take interest and make an offer.
When you part-exchange your car however, it’s likely that you’ll get offered a slightly lower price for your car than if you were to sell it privately.
Selling your car privately
If you want to sell your current car privately then you must consider that it will take longer to sell than it will to part-exchange your model with a dealership.
Saying that, it’s highly likely that you’ll get more money for the car when you sell privately because you can set the asking price yourself as opposed to the dealer setting the asking price.
Your options when selling privately vary from automotive advertising websites, newspapers, online auction websites or even creating a ‘For sale’ ad yourself and sticking it in your car window. Without a doubt though, online advertising is your best bet as websites tend to reach the most amount of potential buyers.
It’s worth noting that you’ll need to have plenty of time to organise your advert and to arrange viewings with prospective buyers.
Frequently asked questions when considering part-exchange
Can I part exchange and only use part of the money on my new car?
Absolutely, a customer can use as little or as much of their part exchange allowance as they would like, or require.
Are some cars too cheap or too expensive to part exchange?
This is not the case, Agnew Group can give a Part Exchange valuation no matter what the vehicles value may be!
To make an enquiry or for further information on part-exchanges please click here.