Car finance with Part Exchange
Part exchange car finance deposit
Having a part exchange when buying a vehicle with Socialmotors is not a problem, as we will accept your old motor as a deposit. We do our best to get you as much as possible for your down payment, reducing your monthly bill and the overall cost of credit.
We have many lenders on our panel who are able to provide very low rates on car loans, and see a part exchange as being just as good as a cash deposit.
Finance providers also acknowledge you have a financial stake in your own vehicle, therefore you may be less likely to default the car finance repayments, to ensure you do not lose your investment.
At Socialmotors, we have an extensive panel of lenders that tailor car loans for people with good, fair and even bad credit scores. All finance companies have an obligation to ensure responsible lending and therefore are required to carry out a credit search and assess your personal circumstances before approving any finance agreement.
