Socialmotors > Part Exchange

Car finance with Part Exchange

Part exchange car finance

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.

Types of finance available

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Application process

Make an application online

Apply now or call us, one of our experienced advisors will take some basic details for our lenders to review. If approved you will be offered a credit limit for your new car.

Choose your car

Once you have your credit limit, one of our advisors will assist you in choosing your new car from our showroom – we have over 1000 vehicles available in group stock, at this stage you will be able to discuss your needs and establish the car you want.

Documents and Delivery

We will now prepare your new car for delivery and get it to you usually within 48 hours, giving you a free 12 month comprehensive warranty & 12 months MOT. Once your car arrives, if your happy you sign your finance documents.

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Application Criteria

Do you meet the hire purchase car finance application criteria?

To be eligable for car finance all you need is to…

Be aged 18 or over
Hold a full UK/EU driving licence
Be UK resident for 3 years
Have a Full time, part time job, be self-employed
Not bankrupt

Please note: if your income is 100% benefits you must be in receipt of a high rate benefit like DLA or PIP to apply for bad credit car finance.

Make an application

Visit our showroom

Car finance options

What our customers think…

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