Part Exchange Your Vehicle
If you have any questions about part exchange and cannot find the answers below, please call us on 0161 762 5680.
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Need to sell your old vehicle? At GB Vehicle Leasing, we make vehicle leasing and vehicle part exchange simple. One of the benefits of leasing with us is that we can help with your part exchange vehicle. Our team can take the stress out of selling and make the process simple.
What is a part exchange?
Part exchange, also known as ‘trading in’, is a simple way to sell your old vehicle when arranging a new lease. At GB Vehicle Leasing, we can help you sell your existing vehicle and pay any equity due back to you. You can choose to keep this money or use some or all of it towards the initial rental of your new lease vehicle.
Looking to sell your old vehicle? We aim to make vehicle leasing and part exchange as straightforward as possible. Our team can take the stress out of selling your existing vehicle, helping you save time and enjoy a smooth transition to your next lease vehicle.
How does part exchange work?
During the first enquiry, one of our leasing consultants will check whether you want to sell your current vehicle and get a no-obligation part exchange price. If so, they will ask for a few details about your vehicle, such as the make, model, condition and mileage. This helps us give you a quick valuation.
If you decide to go ahead, we may ask for more details, such as photos of the vehicle, to make sure the valuation is accurate.
Once you have ordered your new vehicle, and if you want to part exchange with GB Vehicle Leasing, we will arrange collection at a time that suits you. GB Vehicle Leasing will settle any outstanding finance and pay any equity due back to you before the finance company takes your initial payment or rental for the new lease.
*Most finance companies take your initial payment or rental about 10 days after delivery of your new vehicle. This gives GB Vehicle Leasing time to pay any equity you are due.
What GB Vehicle Leasing needs before collection
In order to use the part exchange service, the following details are required:
Several images of the outside and inside of the vehicle, especially any damage.
An up-to-date settlement figure from the finance company, if the vehicle is still on finance, plus the finance company's bank details.
We may be able to get a settlement figure for you if the vehicle is with one of our panel lenders.
At collection, we will need:
A valid V5 form, unless the finance company holds it.
The vehicle's handbooks and service history.
Any spare keys you have.
Any accessories or parts that came with the vehicle, such as locking wheel nuts and a parcel shelf.
Please note: If any accessories or parts that should be with the vehicle are missing at collection, this can affect the confirmed price.
Why part exchange with GB Vehicle Leasing?
GB Vehicle Leasing has access to the full trader network in the UK.
We are one of the few leasing companies that accept a part exchange.
We aim to get the best price for your part exchange, with no hidden costs.
Our valuation team can give you a fast, no-obligation quote within hours.
We can settle any outstanding loans against the vehicle, which keeps the process stress free.
Free collection is arranged at a time that works for you.
Before the initial payment or rental for the new lease is taken, you will receive any equity due back to you.
Need help finding your next vehicle? Take a look at our current cars leasing deals and vans deals. Also, If you need a vehicle fast, get in touch for more details about our in stock lease deals. Stock is limited, so do not miss out.
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Ready to get started? Get in touch, our team will be happy to assist with any questions, or enquiries.
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Part-Exchange FAQs
Here's a few questions you may have about part exchanging your old vehicle for a new lease.
How do you calculate a part exchange?
Our team use an in-house valuation system based on data from CAP, the market leading automotive industry database, to give you an immediate price for your vehicle. The only information we need is your registration number and current mileage, along with some details about you. From this, we will be able to provide a guide price and start the process of part-exchanging your vehicle.
How can I part exchange a vehicle with outstanding finance?
Unlike some leasing companies, we're happy to settle off any outstanding loans you may have taken out against the vehicle. This means, with an up to date settlement figure from the finance company for your vehicle, we'll buy the vehicle, settle the outstanding finance for you and pay any equity (due back to you).
Are there any customer fees required for using this service?
There are no admin or processing fees for part-exchanging your old vehicle.
Should I clean my vehicle before part-exchanging?
It isn’t essential to clean your vehicle before collection, however we recommend that you do. Ensuring your vehicle is in the best condition possible will help ensure you get the top price for it.
Is collection of my part-exchange vehicle included?
Yes. GB Vehicle Leasing arranges free collection of your old vehicle at a time that works for you, helping make the part exchange process easier and more straightforward.
If you would like to discuss part-exchanging your old vehicle in more detail, please call our helpful experts on 0161 762 5680
