Part-exchange - is it better or worse?
What is Part-exchange?
Part-exchanging your car can reduce the cost of your next vehicle by exchanging it with a dealer for a part of the purchase price.
Most dealerships, including Audi, BMW, VW and MINI, offer part-exchange services. However, this process may involve compromises on the selling price.
How do I go about part-exchanging my car?
Part-exchanging your car, also known as trade-in, involves selling your current vehicle to a dealer to offset the cost of a new one.
While convenient, the trade-in value may not meet your expectations.
How do dealerships find the trade-in price for my car?
Dealers assess several factors when valuing your car, similar to what private buyers consider, including age, mileage, cosmetic condition, service history, and extras like A/C.
Having an idea of your car’s worth beforehand is advisable, and services like HeresACar offer real-time valuations based on current market data for accurate estimates.