Part exchange is an easy way to not only sell your old car but immediately get a different car in either the same price or adding a little more money if you want to upgrade. This saves up a lot of time as well. It is a plus point if you're able to get the best deal possible for your car.
Reading Time: 3 minutesFinding the best car part-exchange deal could save you a lot of money! There are many different tips to look at when you want to get a great deal, once those are covered then you’re good to go.
A car dealer will ask you what your current vehicle is worth and offer you a low figure as part of the negotiation process. If you believe this figure to be too low, there are ways and means to get a fairer price for your vehicle. A dealer wants to know how much money he can make from selling your vehicle as well as how much of a discount he can give to buy the vehicle.
Methods for increasing the value of money on your old car
If you are happy with getting your current car valued, you can use this figure as part of the bargaining process. If you feel the dealer is offering too low a figure then try some of these methods for increasing the value of the money on your old car:
1. The quicker you accept the figure, the more likely it is you will receive too little. Most people are in a rush to sell their vehicle quickly and do not put enough thought into what they are valuing it at. It is better to give some time to sell your car than just being okay with a low cost.
2. Check your vehicle’s book value, if you are paid less than this amount for the car then chances are that the dealer will be able to sell it for much more and profit much much more. So try to negotiate further and talk about the actual worth of your car.
3. Overhaul and clean your vehicle inside and out, this raises the value of your car as well as makes it much easier to sell. This means that you are less likely to have problems selling your car later down the line if it is gleaming with cleanliness. The more you make your car look appealing, the better cost you will get for your car as it makes your car looks more worthy.
4. Don’t lower your price or reduce the value of your vehicle without good reason. If you offer a dealer your car for £1500 and they refuse to buy it, don’t go down to £1400 as this gives them even more money. This will make it easier to sell as demand is increased and mean more money in your pocket. A lot of times, if you easily reduce the cost of your car, it seems like your car has certain issues and you’re just trying to get rid of them.
5. Make sure that everything works as it should, you don’t want to be shelling out money on repairs just for the sake of getting a better price. This means that you have less chance of catching a cold so should sell your car more quickly and possibly even command a higher price.
6. Car buying websites should offer an amount slightly above market value as they need to make a profit.
7. Remember that you don’t have to sell your car to the dealer, there are other options available such as specialist used car websites and dealerships in your area.
