Can I part ex a broken car?

Can you part exchange a broken car? The simple answer is yes, you can part exchange a broken car. Because the dealer is going to have to spend time and money fixing it (or selling it on), you’re not going to get the best price for it.

What happens when you part exchange a car?

Part exchanging means using the value of your old car as part of the payment for your new car. If you choose to part exchange your old car, the dealer puts a value on it and effectively buys it from you. However, rather than give you cash for your old car, the dealer subtracts its value from the price of your new car.

Can you part EX someone else’s car?

My part-exchange is in someone else's name, does this matter? As long as the vehicle's owner is available to sign the transfer documents or you can bring a letter of authority with the signed documentation that's fine.

Should I mot my car before part exchange?

If your car is near its MOT test it's a good idea to put it through to pass before you part exchange. This adds value because the dealer knows there is no remedial work to be done. Also, if you are due to pay your annual road tax as you are part exchanging, just buy six months.

Can I part exchange my car with a different dealer?

Instead of trading your current PCP (Personal Contract Purchase) vehicle into the dealer you had it from, you can trade it into a different dealership.

Can I part ex a broken car?

Can you part exchange a broken car? The simple answer is yes, you can part exchange a broken car. Because the dealer is going to have to spend time and money fixing it (or selling it on), you’re not going to get the best price for it.

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What should you not say to a car salesman?

10 Things You Should Never Say to a Car Salesman
  • “I really love this car” …
  • “I don’t know that much about cars” …
  • “My trade-in is outside” …
  • “I don’t want to get taken to the cleaners” …
  • “My credit isn’t that good” …
  • “I’m paying cash” …
  • “I need to buy a car today” …
  • “I need a monthly payment under $350”
10 Things You Should Never Say to a Car Salesman
  • “I really love this car” …
  • “I don’t know that much about cars” …
  • “My trade-in is outside” …
  • “I don’t want to get taken to the cleaners” …
  • “My credit isn’t that good” …
  • “I’m paying cash” …
  • “I need to buy a car today” …
  • “I need a monthly payment under $350”

Can you return a HP car?

With hire purchase (HP), you can return the car early if you’ve already paid for at least half of its cost or make up the difference between what you’ve already paid and half of its cost. If you’ve already paid more than half the car’s cost, you won’t receive a refund of the difference.

Can I buy another car if still owe money?

If the trade-in offer is less than your auto loan balance, you’ll still owe money on the vehicle — this situation is known as negative equity. You can either pay off the remaining loan amount before buying your next vehicle, or, in some cases, you may be able to roll over the balance into your next auto loan.

Can you sell a car thats failed its MOT?

Yes. However, whilst it is totally legal to sell a car or van without a valid MOT certificate, it does make the process more difficult. For example, if you do manage to find a buyer for the vehicle, they will not be able to drive the car away after they have purchased it – as it is not legally ‘roadworthy’.

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What does PX clear mean?

It means they got it as part of selling another car and they want it gone. It also means they don’t issue any warranty so make sure it’s good and everything works. Sorry it’s late may still be helpful. 1.

Can I trade 2 cars in for one?

Trading in two cars for one

Though not typical, it is possible to trade in two vehicles to buy one. And when trading in two cars for one, you may be able to increase the amount of your down payment, allowing you to finance less money and also lower your monthly payments.

Do I have to dress nice to buy a car?

You want to make a good impression without over-dressing to get the best deal possible! In general, you can dress according to the brand clientele. If you’re buying a regular sedan, go with a smart-casual outfit. If you’re getting a luxury car, business casual would be more appropriate.

Why do car salesmen ask where you work?

That information comes out during the sales process. Second, he needs to know your ability to pay. There is no point in trying to sell a $100,000 BMW to a person who works a minimum-wage job. To figure out your ability to pay, the salesman typically will ask what you do for a living and where you work.

Can you pay off HP early?

Repaying a Hire Purchase (HP) agreement early

With hire purchase (HP), you can return the car early if you’ve already paid for at least half of its cost or make up the difference between what you’ve already paid and half of its cost.

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Does paying off a car loan early save money?

Save money

The most obvious reason you might want to consider paying off a loan early is that it saves you money on the amount of interest you pay. It’s important to note that this only applies if you are paying a simple and not precomputed interest rate.

Does selling a financed car hurt your credit?

If your car is worth as much as or close to the balance on your account, selling it could enable you to pay off the loan without harming your credit.

Does trading in a car hurt your credit?

Your car loan doesn’t disappear if you trade in your car. However, the trade-in value of your car becomes credit towards your loan. This credit might cover the whole balance. If it doesn’t, your dealer will roll over your loan, combining the deficit with the amount owing on your new car.

Will we buy any car take a car without MOT?

Yes, we buy cars with with less than 6 months MOT and no MOT. We do recommend that you declare this as it may affect your final valuation.

Can you part ex a car without MOT?

Can you part exchange a car without MOT? Yes, you could part exchange a motor with no MOT, however the value will most likely be reduced as the exact condition and repairs needed would be unknown. To make sure you get a fair price for your MOT failure, get an instant, no-obligation quote from National Scrap Car.

What does cat d mean?

Cat D (also known as ‘Category D’, or, more recently, ‘Category N’) cars are among those where the damage has been assessed to be uneconomical to repair by the insurance company. This generally means the cost of repair is greater than 50% of the vehicle’s total value.

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