If your current car has outstanding finance on a PCP or HP agreement, we can take it off your hands. We'll give you a valuation based on your car’s current condition and compare this against the amount of outstanding finance you have on your agreement - this is known as a “settlement amount”.
If the valuation we give you is higher than the outstanding finance, you can use the difference in value as your deposit.
If the valuation we give you is lower than the outstanding finance, this means your car is worth less than what you owe your lender. You can still part exchange your car with us, you’ll just need to cover the difference between the settlement amount and your car valuation. We’ll then settle the loan with your current finance lender. If you’re buying with finance, you’ll need to pay a higher deposit to cover this.
To part exchange your car with outstanding finance, just let us know the correct settlement amount during checkout and send us your settlement letter before you receive your car. You can get your settlement letter by contacting the lender you have your current finance agreement with.