This process is becoming more widely used by lots of different garages selling new and used cars. It basically means you get the price of what your vehicle is worth knocked off the new car you want to buy, which depending on the condition of your car could be a fair amount. Before going in to a part exchange sale you want to be sure of how much your car is worth at market value to see whether you are being given an amount that is satisfactory to how much your car is worth. There are also some things you can do to help the price you can get for your vehicle before handing it in for part exchange some of these things are:
- The paint work - Look at the paint work on the car is it chipped or has small dints, it depends on the kind of car as to how much attention you should pay to this. For example if the car is very old and only has a couple of stone chips or slight dints (nothing too noticeable) then it would be best just to leave it as the buyer would expect slight chips or dints on a vehicle of a certain age. However, if your car is fairly new then it may be best for you to look for any dints or scratches and have them seen to as the buyer will use these types of things as reason to give you less for the car.
- Constant maintaining work - If you are buying a car and are planning to use it as part exchange sometime in the future properly maintaining it is a very important thing. This is because when it comes to exchanging it there will be no work that needs carrying out meaning you can get a higher price at trade. Its just simple things like changing oil and oil filters regularly, checking main pieces of equipment such as brakes, tyres and suspension. You can either do this your self if you know how to do it correctly or take it to a garage to be checked. If all these things seem fine just ensure you take the car to be fully serviced at least once a year.
- Quick clean - This doesn't mean clean the car with a fine tooth comb it just means give the car a vacuum and put it through the car wash. This is one of the things you should do the day before taking the car to be traded, it will just give the person valuing the car a first good impression and show your car off at its best.
If you are buying a second hand car and have a well maintained car yourself it may be worth doing it part exchange as you can get a large amount knocked off the price and also have the car taken off your hands.