How does a part exchange work?

A part exchange involves trading in your current car towards the payment of your next one.

Rather than selling your car privately, a part exchange allows you to utilise its value as a deposit towards a new vehicle. It is a seamless process that enables you to effortlessly upgrade your car.

Female with glasses in car
Female with glasses on sat on sofa with laptop

Why part exchange with Vertu?

We have made the whole process simple, for your convenience.

Get your valuation, either online or at your local dealership. We will just need a few details on your car's condition and mileage. Using this, along with insight on the price of over 500,000 used vehicles, we will provide an accurate and competitive valuation figure. Our data-driven approach ensures you receive a great offer that reflects the market.

Your valuation is valid for seven days from the date of receipt, giving you time to consider the offer.

Plus, the entire process is completely free. You needn't worry about any unexpected admin charges or fees. We are committed to keeping things transparent.

FAQs

Can you part exchange a car on finance?

Yes, in most cases you can. However, it is advisable to verify this with your finance provider in advance.

You will need to obtain a valid settlement letter from the finance company, which specifies the remaining balance on your current car. Simply provide us with this document, and we can handle the remaining steps.

The value of your car's part exchange can be used to settle any outstanding finance, and the rest will go towards your next car.

What documents do I need to part exchange my car?

To complete your part exchange, we will need the following:

  • V5C logbook
  • Service book
  • MOT certificate(s)
  • Any current and spare keys

Can I part exchange without an MOT?

Yes, it is possible to part exchange without a valid MOT. However, it is important to note that a vehicle without an MOT will generally receive a lower price in the part exchange process.

Where can I part exchange my car?

We haveĀ Vertu dealerships across the country, and our team is happy to help. We offer a convenient collection service for the car you intend to part exchange. Simply contact us to arrange this with your local dealership.