How to get the best part exchange deal

Having your car part exchanged is the easiest way to switch vehicles but take steps to make sure you get the best price.

When you look to part exchange your car, it's understandable to want to get the best price for it that you can to knock off the cost of a new vehicle.

Many people opt for part exchanging their car when they go to change vehicles as it is often the easiest way to get rid of one in place of another. It saves time and money in finding somewhere to advertise your vehicle, getting rid of it and making space on your drive for a new car.

However, part exchange rarely fetches the best price compared to selling your car. This is because dealers often have to make allowances for other costs to them, such as staff wages and keeping a vehicle in the showroom. Of course, it's also natural for companies to try to make a profit off their trade.

Nevertheless, there are still some things you can do to get the best possible price if you choose to part exchange your vehicle.

Get all the paperwork together

A car dealer is more likely to offer you a good price if they know that they are getting a vehicle that is in good condition.

So make sure you bring with you the V5C document, current MOT certificate and invoices for any repair work you have had to pay for. This should help the dealer put together a good evaluation of how much your old vehicle is worth.

Check the service history

As well as ensuring safety and condition is up to scratch, another good reason for getting your vehicle serviced often is that it will help your car retain its resale value.

Therefore, if your vehicle has kept up to date with servicing based on your manufacturer's schedule then it will fetch a better resale price than one that hasn't. If you have lost the log book or haven't had your car serviced in some time then you should get it done before going to part exchange. You can check out Car Shop for a range of car services and plans.

Consider fixing aesthetic damage

Any damage to your vehicle that affects driving or safety, of course, must be fixed before you try to part exchange it. However, this should be covered when you take you car for a service.

Aesthetic damage, however, such as dents or scratches in the paintwork will not be covered and you may want to consider having this fixed before you trade your car in.

If your car looks like new then it will get a higher part exchange valuation. However, carefully consider how much it will cost to have the bodywork of your vehicle repaired before going ahead with it. Such work can be expensive and will negate the increased value that you would get on part exchange.

Generally speaking, fixing paint and bodywork damage tends only to be worthwhile on new vehicles that will fetch a high resale price if they are kept in good condition.

Get the keys together and tidy

When you part exchange your vehicle, make sure you hand over all the keys including its spares. Also remember that you will need to make your car look as attractive as possible to a car dealer if you want it to go for a good price. That means you ought to give it a thorough clean before taking it down for part exchange.

Go through your car and take out any bits of clutter that may be lying throughout the vehicle. Take a vacuum to it and ensure it is completely dust and dirt free on the interior. Be sure to peel off any stickers either on the inside of the windscreen or the bumper and wash off any marks left behind by the adhesive.

Give it a wash on the outside so that it looks particularly shiny and scuff free. Also, spray the interior with air freshener as having your car smelling good will make it seem even cleaner.

Of course, don't forget that it is the difference between your new car's price and the value of your vehicle part exchanged, so bear the comparison in mind when you settle on the final valuation.

  • On: 27 May 2014
  • By: CarShop

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