How part-exchange value is calculated
The appraisal may consider the vehicle's make, model, age, mileage, condition, service history, specification and current market demand. The final figure is confirmed after inspection and is not guaranteed by an online estimate.
If the vehicle is owned outright, the accepted value may contribute toward the purchase. If finance remains outstanding, a current settlement figure is normally required first.
Positive and negative equity
Positive equity means the accepted part-exchange value is higher than the settlement amount. The difference may be available toward the next purchase, subject to the transaction and provider requirements.
Negative equity means the settlement is higher than the vehicle's accepted value. Do not assume the shortfall can automatically be added to a new agreement. The available route depends on affordability, the provider's criteria and the complete transaction.
- Request a current settlement figure
- Describe the vehicle accurately
- Review the confirmed appraisal
- Understand any equity or shortfall
- Compare the new agreement's total payable
Compare the complete replacement cost
A part exchange can reduce the cash needed upfront, but the new finance decision remains subject to status and affordability. Compare the deposit, amount of credit, APR, term and total payable rather than relying only on the monthly number.
Our website enquiry does not settle existing finance or create a new agreement. The team must confirm the vehicle, valuation and available next steps with you.
