What Are The Benefits And Disadvantages Of Part Exchange?

When you come to want to sell your car you have a few options. You could obviously sell it privately, which is easier than ever thanks to the internet, or you may choose to part exchange which is increasingly common  in the modern day. Perhaps you don’t really know what part exchange actually means, or if it’s a good or bad idea. Part exchange is a relatively simple concept. When you come to buy a new car rather than paying the full price you also sell your old car and get money off. Therefore, essentially you aren’t selling your car until you are buying a new one.

One of the key advantages in doing this is that it’s very easy, and you will selling to a dealer. You are essentially killing two birds with one stone so you don’t have to worry about posting an ad in your local newspaper or online. If you’re short on time then part exchange might be a very viable option.

When you part exchange a vehicle you need to be careful that you’re getting good value for money. You can be better sure of this if you use a car value guide. The best value guides will tell you car prices if you where to part exchange and so you can weigh more accurately whether selling outright or part exchange is the most cost effective option.