Need to sell your old vehicle? At GB Vehicle Leasing, we can make part-exchanging your old vehicle for a new lease simple and straightforward. Please call us on 0161 667 5338 if you have any further questions... In a part exchange (also known as part-ex or P/X), both the car dealer and the buyer agree upon the trade-in value of the old vehicle. This value will depend on the vehicle's condition, mileage and other factors. Once the trade-in value has been decided, that amount is used as part payment and deducted from the price of the new or used.

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If you still have outstanding finance on your vehicle when you choose to part exchange it, the dealer you're getting your new vehicle from will use your current car's value to pay it off. For example, if your vehicle is valued at £12,000, but you still owe £11,500, then the dealer will use £11,500 of the £12,000 valuation to settle your.. How does part exchange affect the financing of the new car? Part exchange affects the financing of your new car by reducing the overall cost. The agreed part exchange value is applied as a credit towards the purchase, potentially lowering monthly payments. Also with lower amount to finance, you will also qualify for better loan terms.