Part-exchanging your car may seem like a logical decision if you are in the market for a new car and want to sell your current vehicle at the same time. When you trade-in your car, you can either take out finance for the difference in value between the new car and your current vehicle or pay the difference in cash.

Whilst it may seem like a good solution to part-exchange, it can be a complex process as you are merging two transactions into one. If you are going to part-exchange, we would recommend keeping the two deals separate to ensure you’re getting a fair price for your current car and the car you want to purchase. Your best option may be to get a price for your car before stating that you are interested in part-exchanging to ensure you can negotiate the best price.