part exchange

[onlyme26]

hello im gonna make myself sound really stupid here! but here goes? part exchange? i get the general jist of it, but.... what exactly happens? what if my car is worth the same as the car i want? is it a straight swap?????? any help appreciated cheers

[ChuckFickens]

it's up to the dealer.

if your car is worth the same then they may do a straight swap (well actually it would have to be worth a little more as they will want to sell your exchange car and still make a profit)

if your car is worth significantly more than the new car then it may even end up with the dealer giving you money and you drive off in another car.

But there is no rules or requirements for part exchange, it's solely at the discretion of the dealer if they even want to take you car as part exchange and how much they value it at.

[onlyme26]

Thanks brilliant thanks, just what i needed to know!

didnt wanna go phoning them up clueless hehe

cheers x

[chas2008]

i think a lot will depend on how the valuation has been arrived at, the dealers valuation may not agree with yours .

[chas2008]

just remember the dealer will want to make a healthy profit...