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Part-Exchange Your Car

We know how difficult it can be to find the funds you need for a car deposit. Part-exchanging your current car can give you quick access to the cash you need. This can help to make the monthly payments more affordable on the car you’re buying.

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We could help you get car finance, even if you:

  • Have no deposit
  • Are in an IVA/DMP
  • Have a CCJ
  • Have previously been declared bankrupt

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Reduce finance costs by trading in your car

As specialists in bad credit car finance, we know that many people who have experienced financial difficulties are unlikely to have the spare cash available for a car deposit. Saving up this money can take time, delaying the process of getting a car that you might need right away.

As well as offering no deposit car finance options, we can also help arrange for you to part-exchange your current car. Trading in your car can help to reduce the cost of your new car finance agreement. This is because you can use the amount you get from part-exchanging your car as a deposit on your new car.

Why should I part-exchange my current car?


Part-exchanging your current vehicle can help to reduce the cost of your monthly car finance payments. Alternatively, if you know you will struggle to put any money down for a deposit, part-exchanging your car can be an alternative.

With a car finance agreement through Red Potato you aren’t required to put down a set deposit amount. Instead, you can put down as much or as little as you like. If you can’t afford to put down a deposit or part-exchange your car then we will still consider your application. We base our lending decisions on your current ability to pay and your financial circumstances.


Trading in your current car can be much more convenient for you. The alternative is selling your car privately. While this might get you more money for your car, it can be a much bigger inconvenience for you. If you want to sell privately and use this money towards your deposit then you will need to do this beforehand to release funds. This means that you may have to be without a car until you get your new one.

Alternatively, if you choose to sell your car privately afterwards then you could have an unused car on your driveway until it’s sold. If you’re not using this car then you will need to register it as off the road through a Statutory Off Road Notification (SORN).

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How much is my current car worth?

The amount you will receive for your car when part exchanging will depend on the vehicles age, mileage and overall condition.

At Red Potato, we handle all car part-exchanges in the same way. We take your car registration details and mileage over the phone and provide you with a price range of what your car would be worth when selling to a dealer. The price you will get will depend on the condition of your car when selling.

Is your current car on finance?

If your current car is on finance, you don’t need to wait until this has finished before getting a new car. We can help you part-exchange your current car if it’s in the middle of a finance agreement, such as a PCP or HP finance deal. Any outstanding finance will be settled and we will be able to provide you with the finance for your new car.

Negative equity

It’s also possible to part-exchange your vehicle if you owe more than the car is worth. If you can’t afford to pay the amount outstanding, the settlement is often transferable to your new car finance agreement. This way you can pay off your old car and your new car at the same time through one agreement.

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This website is operated by Premium Plan Limited. Red Potato is a trading name of Premium Plan Limited, which is registered in England with Company No 05977118. Registered office: Kempton House, Kempton Way, PO Box 9562, Grantham, Lincolnshire, NG31 0EA. Premium Plan Limited is authorised and regulated by the Financial Conduct Authority (FRN: 742272). The Red Potato name and logo are trademarks of Totemic Limited. Premium Plan Limited is a member of the Finance & Leasing Association (FLA).