Used Car Part Exchange Guide

Part exchange allows a customer to use the agreed value of an existing vehicle towards another car. It can simplify the changeover because the sale of the existing vehicle and purchase of the replacement are handled together.

Information needed for a valuation

A dealership may need the registration, mileage, make, model, condition, service history, number of keys, ownership details and information about outstanding finance. Accurate information helps produce a more reliable initial assessment.

What affects part-exchange value?

Age, mileage, condition, specification, history, market demand and preparation costs can all influence the valuation. An online estimate may change after the car is physically inspected or if material information was omitted.

Outstanding finance

If finance remains on the vehicle, obtain an up-to-date settlement figure. The relationship between the settlement amount and the vehicle's value affects whether there is equity available towards the next car or a shortfall to address.

Choosing the replacement vehicle

Browse Nationwide Motor Co's current stock and compare the complete cost of changing the vehicle. Finance on the replacement is subject to status and lender approval; Nationwide Motor Co is a credit broker, not a lender.

Use the part-exchange enquiry, explore UK used cars or contact the dealership.