Part exchange is when you sell your current car to help you pay for its replacement. Traditionally, when you part exchange your car, you simply exchange your old car with a dealer in return for part of the price of a new model.
carwow takes the hassle out of buying a car and so it’s no surprise we also take the hassle out of selling the car you want to part exchange.
We’ve teamed up with The Car Buying Group to make selling your car as simple as possible. So rather than you negotiate with a dealer to part-exchange your car, we will buy your car and then you can use all or part of that cash to help buy your next new car.
Sign-in to carwow, hit the ‘Your showroom’ button at the top of the page, then 'Value my car'. Simply fill in a few details about you and your car for an instant valuation based on your car being in average condition with no options.
We’ll then get in touch to find out more about the condition of your part-exchange and any extras it might have to see if we can improve your quote. Also, you’ll get a £100 bonus on top of any price quoted. And remember, we will beat any final price from an online competitor so you can rest assured that you’re getting a great price when you sell your part-exchange through carwow.
When you’ve agreed the final price, it’s time to arrange the collection of your part-exchange. We can collect seven days a week, including evenings. Select a time and we’ll collect where it’s most convenient for you – your home, your place of work or even the dealership where you are picking up your next new car.
The representative from The Car Buying Group will inspect your car and make sure all the paperwork is in order -– your car’s service history and V5 registration document – and then confirm to HQ that the car is as you’ve described.
Payment is made directly into your bank account – with no transaction fees, no administration fees or hidden costs. It’s safe and secure and we won’t drive away until you’ve confirmed the cash is in your account. And that’s it.
You can then use all or part of that cash to buy your next new car. And that’s one of the key benefits of selling your car through carwow – you decide how you want to invest the cash from your car sale, unlike a part-exchange at a dealership, where all the car’s value is transferred into the deposit for your next car.
How much you can get for your car depends on a number of factors. The make and model are probably the key one – some brands and cars are more desirable than others, therefore they hold on to more of their value and command a higher price.
The age and mileage will also have a big affect on how much your part-exchange car is worth. The older the car and the higher the mileage, generally the lower the valuation.
Equally important is your car's condition – scuffed alloy wheels and bumps and scratches will lower the value of your car, because we’ll need to sort them before we move it on again.
Lastly, have all your paperwork in order – a taxed car with a full service history and a valid MoT certificate is worth more than a similar car without. Make sure you also have your car’s registration certificate – called the V5C – to hand.
Get an instant valuation for your car with our super simple valuation tool.
No, you cannot part exchange a leased car. Like renting a house, at no point during your leasing agreement will you actually own your car – it remains the property of the leasing company, even after your final payment. When your car leasing agreement has finished, you must return it to the leasing company.
Yes, you can part-exchange a PCP car – provided there is no outstanding finance on the vehicle. Usually, you have the option to buy the car and own it outright when you reach the end of your PCP deal. But you don’t have to wait until the end of your contract to get into a new car. We can offer you a valuation based on the market value of the car and will settle the outstanding finance on the car for you.
It’s then up to you how much of your part-exchange cash to put down on a deposit – you have that flexibility.