How a part exchange can help buy your dream car

If you're looking to upgrade to a new vehicle, it can make life a lot simpler to part-exchange your current model.

A part-exchange involves using your existing car as a part payment for your new car. Rather than running both cars at once, or selling it separately, it becomes one single process and leaves you to enjoy your new car at a great price. Depending on your model, your old car can serve as a deposit for your new car, and sometimes even reduces your monthly finance payments.

When considering part exchanges, it is important to do your research. You can use our Value My Vehicle tool to find out how much your car is worth. When you are ready, remember that you'll need to:

Check the service history - Cars that have been regularly serviced and well-maintained will generally have a higher retained value. If your hasn't been serviced frequently or you've lost the service book, speak to us for further advice.

Fix any damage - Depending on how much it will increase the cars part exchange value this might not be worth the money, but it is worth speaking to one of our service centres to check.

Clean the car – A quick freshen up will help your car look more cared for and attractive.

Bring all relevant paperwork and keys – This includes your V5C document (logbook), current MOT certificate and any invoices for servicing on the vehicle.

Contact us at Lookers for more advice on part exchanging your vehicle. Our expert team will be glad to help you at every stage.