Part Exchange Cars Made Easy!
Part exchanging your car is a great way to reduce the cost of your next car finance deal and avoid the hassle of selling it yourself. It’s a quick, simple process — and we handle all the hard work for you.
At UK Car Finance, we’re one of the UK’s leading car finance brokers and one of the few who can help you part-exchange a car even if it’s still on finance. In this guide, we’ll explain how part-exchanging a financed car works and share tips on how to increase your car’s value before you trade it in.
What is a Part Exchange Car?
A part exchange car is when you use the value of your current vehicle to reduce the cost of your next car or your new finance agreement. Instead of selling your car privately, you trade it in and the amount it’s worth is taken off the price of your next car — making the deal more affordable.
If you’re unsure what your current car is worth, you can start with an online car valuation to get an estimate. Once you have an idea of its value, you can apply for car finance with us. We’ll help you secure the car you want without the hassle of selling your old one yourself.
How Does It Work?
We make swapping your current car for a new one on finance simple and stress-free. Here’s how it works:
1. Check How Much Your Car is Worth.
Use a trusted free valuation tool, such as WhatCar?, to get an accurate estimate of your vehicle’s current value.
2. Get a Free Finance Quote From Us.
Complete our quick online application, and we’ll get to work right away. We compare deals from a wide panel of trusted UK lenders to find the best finance option for you.
3. Part Exchange Your Car.
Once approved, choose a car within your budget from FCA-approved dealers across the UK. Then, simply use the value of your current vehicle as your part exchange — it’s that easy!
Can You Part Exchange a Car on Finance?
If your car still has outstanding finance, UK Car Finance can help you part exchange it! The process is simple:
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Get a settlement figure – Find out how much you still owe from your current finance lender.
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Apply the value of your car – Use your car’s part-exchange value to pay off the remaining balance. Any positive equity can then go towards your next car finance deal.
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Upgrade or reduce payments – By part exchanging a car on finance, you can get a newer vehicle or lower your monthly payments on your next car.
Part exchanging your financed car makes upgrading easy while keeping the process hassle-free.
Benefits of Car Part Exchange:
- Save time and money – No need to advertise or sell privately.
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Hassle-free process – We handle all the paperwork for you.
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Money off your next finance deal – Use your car’s value to reduce costs.
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Safe and secure – Trade your car through a trusted, FCA-approved process.
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Upgrade to a new car – Get a newer vehicle on finance without stress.
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Easy to arrange – Simple, straightforward process from start to finish.
See how much you could borrow!
Use our FREE car finance calculator to get an idea of how much you could borrow before you apply.
Can You Part-Exchange a PCP Car?
PCP (Personal Contract Purchase) is one of the most flexible ways to get a car. At the end of your agreement, you can:
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Hand the car back.
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Refinance the balloon payment and keep it.
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Use the car’s value towards another car on finance.
If you’re considering part-exchanging a PCP car before your agreement ends, it is possible in some cases. First, you’ll need to obtain a settlement figure from your finance provider. Any positive equity can then be used to pay off your outstanding balance.
However, part-exchanging a PCP car may not always be the most cost-effective option. Much of the car’s value is deferred until the final balloon payment, which keeps monthly payments low. This means that when you want to change your car, you may not have paid off much of its value yet. It’s worth weighing all options carefully before deciding to part-exchange a car on PCP.
How To Maximise a Part Exchange Car Value:
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Keep up with servicing and records – Regular maintenance shows your car has been well cared for.
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Maintain your car’s condition – Take care of both the interior and exterior to make a great impression.
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Gather paperwork – Have your log book, MOT, and service history ready.
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Compare valuations – Research to find the highest trade-in value for your car.
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Clean your car thoroughly – A full car interior and exterior clean can increase perceived value.
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Reduce excess weight – Lighter cars put less strain on components and can save fuel.
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Check warning lights – Ensure there are no active warning lights on the dashboard.
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Valid MOT – Make sure your MOT has at least three months remaining.
Part Exchange Your Car Today!
Get a car on finance through one of our fantastic lenders, and we can help you part-exchange your car in the process.