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

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.

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.

What our customers think…

Scott Royle
Scott Royle
20:54 22 Feb 19
Really happy with my car and great service car delivered by a really nice bloke and everything felt very personal
Gayle Eaton
Gayle Eaton
12:33 01 Aug 17
Very good service very happy
kim summers
kim summers
13:30 13 Jun 19
Received my new car yesterday..... delivered all the way to Hull..... the gentleman who delivered it was very polite.....A big shout to David for all the hard work and patience finding me a nice car...... I am absolutely thrilled with it........ I would thoroughly recommend this company to anyone, David was very friendly and was helpful through the whole process from beginning to end and would hesitate to recommend this company to my family and friends, thank you 😊
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