Buying tips: cash or part exchange? | Tips | Lookers

Buying tips: cash or part exchange?

When it comes to buying your next car, what you plan to do with your existing vehicle could influence your decision. You'll most likely be upgrading, meaning your current car isn't needed, which leaves you with two options: sell for cash or part exchange?

Why sell privately?

The main benefits to selling privately are: that you have control over how much the car goes up for sale for, and you keep every penny. However, the drawback here is the hassle involved with preparing your vehicle for sale and then organising the handover. A private sale will no doubt be a longer process than part exchanging, so it's important to be prepared if you do take this option.

Why part exchange?

Part exchanging your car on the other hand is a far simpler arrangement, as the dealer will value it and subtract this from your new car's price. They deal with all the pre-sale preparation, and any issues that are found are no longer your responsibility. If you're looking to quickly upgrade and are happy not to receive a for-sale price, this should be your option.

Whichever choice you make, value is always received with Lookers, as we have a great range of deals available on new and Approved Used cars from the leading names. Browse our stock online before enquiring with your nearest dealership directly.