Time for an upgrade? Find out all you need to know about part exchanging your vehicle.

If the price is right...

When you are trading your current car as a part exchange at the dealership, the dealer will work out how much they should pay for your car (the trade price) and how much they’ll be able to sell it for (the retail price).

The price that you are given will be determined by four factors: the age of your car, the mileage of your car, the condition of your car, and finally any specifications that have been made.

If you have basic information about the valuation of your vehicle before you start the exchange, this will help you judge whether the dealer’s opening offer is accurate or suitable for your current car.

Get the best value

It’s important to ensure that you present your current car to the dealership in the best possible condition. This will help you to achieve the best part exchange offer. Just ensuring that your vehicle is clean and tidy will communicate to the dealer that you have looked after the car, which is important as they are technically buying it from you. This also means paying attention under the bonnet and making sure every component is working efficiently and looking smart.

If you manage to touch up any imperfections, scuffs or dents in the best way possible, this will also make a considerable difference to the value you receive. Also keep in mind if your car has had any kind of paint and/ or interior protection, and be sure to mention this as it will likely add to the value.

Be ahead of the game

Make sure you have all the necessary paperwork with you; your vehicle registration document/ V5/ Logbook, and any service history you may have, including the service book, receipts and MOT certificate.

It is always worth taking your list of requirements with you, so that you can check them off as you look at potential new cars. This way, you know that your new car will still offer everything you like about your current car, and more.

Make sure you check for extra specification too as this may not always be listed in the advert. It is the customer’s responsibility to check that the car they are buying is right for them.

If you require finance for your next vehicle purchase, be sure to take both parts of your driving license with you, your passport and a utility bill providing proof of address, as this will speed up the process and save you having to drive back later.

The legal entities within Snows Group are authorised and regulated by the Financial Conduct Authority (“FCA”). Details of FCA permissions (and our trading names) can be checked via the FCA register https://register.fca.org.uk.

Snows Motor Group Limited is an Appointed Representative of Snows Business Holdings Limited who is authorised and regulated by the Financial Conduct Authority in insurance distribution activity only. Snows Business Holdings Limited FCA register number: 309925.

Snows Motor Group Limited is a Credit Broker and not a lender. We work with several carefully selected credit providers, including manufacturer finance companies, who may be able to offer you finance for your purchase. Finance is subject to credit acceptance to UK residents (excluding the Channel Islands) aged 18 or over. Guarantees and indemnities may be required. Terms and conditions apply.

Snows Motor Group Limited is directly authorised and regulated by the Financial Conduct Authority for Consumer Credit Activity (Limited Permissions). Snows Motor Group Limited FCA register number: 685889.

Discretionary rates / Commission disclosure

We have a fixed interest rate policy and we may be paid a fixed commission by the finance provider for introducing you to them. This introduction does not amount to independent financial advice.

For your reassurance, the amount of commission we receive from a lender does not have any effect on the amount that you will have to pay to the lender under your credit agreement. The lender will always set this.

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Part exchanging for a newer model? Here's what you need to know

The new registration is out and it may be time to consider upgrading...but where do you start?

If the price is right...

Get the best value

Be ahead of the game

START YOUR CAR BUYING JOURNEY RIGHT HERE