Please Wait
This won't take a moment...
Buying a new vehicle can be a daunting process, which is why many people choose to part exchange their existing vehicle towards the price of a new one. It is often more convenient to part exchange because you avoid the hassle of having to sell your old car yourself. Providing your current car is in good condition; it is likely that your local dealership will be willing to accept your vehicle in part payment towards a new one.
Find Your Nearest Dealership Value My Vehicle Enquire Now
Part exchange is the process of trading in your existing vehicle as part of the payment towards another one. Generally, when you part exchange your car, you simply exchange your old car with a dealership in return for part of the price of a new vehicle. Many people choose to part exchange their existing vehicle to avoid losing money on their current car and to avoid the hassle of having to sell the car themselves.
Before you can part-exchange your current vehicle, you will need to inform the dealership of the condition of the car. You must provide accurate information and provide details of any damage or wear and tear of the vehicle. The dealership will assess it before they agree to the part exchange; if any of the information you provided was inaccurate, then the dealership has the right to decline to take your vehicle in part payment.
Yes, you can arrange a part exchange at a Group 1 BMW dealership. If you complete the part exchange enquiry form or contact your local dealership, we will get the best valuation possible from our group of used vehicle buyers.
Please be aware that we are relying on your description to be accurate. If there is damage that you have not told us about, then we will have to adjust the value of your car to reflect this when you come to collect or have your new car delivered. Please be accurate and send us a photo of the damaged area if you are not sure.
The potential cost of repairing the damage is broken down as follows:
Type of damage | Cost of repairs |
Dent without broken paint | Approx. £50 per panel |
Dent with broken paint | Approx. £350 per panel / approx. £750 if a re-spray to the whole side of the car is required |
Torn/ripped trim on the seat | Approx. £250 per seat |
Damaged wheel | Approx. £75 per refurbished wheel / approx. £200 per replaced wheel |
Windscreen damage | Approx. £300 and £500 if replacement heated screen required |
Chipped or broken headlight lens | Approx. £125 |
Illegal tyre | Approx. £100 or more depending on the size and the type of tyre |
If you are still paying finance on your current BMW, it is still possible to get a part exchange towards a newer model. Providing that the existing finance is lower than what your vehicle is worth, then you will have some equity to use towards getting a new model. For more information on part exchanging a car that is on finance, please get in touch with your local Group 1 BMW dealership.
To be able to go ahead with part exchanging your existing vehicle, you will need the following documents:
If you are part exchanging your vehicle on finance, you will need to provide the following documents:
You will hand over your part exchange and collect your new car at your nearest site. When you arrive we will check that the condition, mileage and ownership of your current car is as described on the part exchange form. If it is, then we will confirm the value of your vehicle and the balance to be paid to collect your new vehicle.
If the vehicle has not been described accurately in any way or is not as expected then we will revalue it for you and explain any reasons for the change in value. Please note that if your part exchange allowance is part of the deal, then the deal itself will change and we will discuss this with you as well.
For customers that live more than 50 miles away, we can value your part exchange over the phone, although it will be subject to viewing at the point of delivery. When the driver arrives with you they will check that the condition, mileage and ownership of your current car is as described on the part exchange form. If it is, then we will hand over your new vehicle. If the vehicle has not been described accurately in any way or is not as expected, then we will revalue it for you and explain any reasons for the change in value.
Please note that any shortfall in part exchange value will need to be paid by you over the phone using a debit or credit card. If the payment is not authorised or received, then we will be unable to complete the handover of the vehicle and you will be charged a cancellation fee of £100.00.
At Group 1 BMW, we pride ourselves on offering an exemplary service that puts you at the forefront of everything we do. When you come to us, you can expect to benefit from:
To find out more information regarding part exchange, contact your local Group 1 BMW dealership. Alternatively, discover how much your current vehicle is worth with vehicle valuation.
This won't take long...
Your enquiry has been sent and we will contact you using the details provided as soon as possible!
Please complete the form below:
When you give us your contact details, Group 1 Automotive companies, our authorised dealer network or our agents may use your data to email or phone you about Group 1 Automotive products, services and offers which we believe may be of interest to you. We may also contact you to conduct market research, so we can improve our service to you. We never sell or share your information with third party organisations.
This won't take a moment...
This won't take a moment...
This won't take a moment...