We can provide finance for people who have had difficulties obtaining credit in the past,
if we can’t approve you, we don’t think anyone can!

Part Exchange

Part exchange your current car to help reduce the cost of buying your new or used car with Refused Car Finance.

Part exchange can remove the hassle of selling your car privately and means you can avoid any delays in buying your new car.

The dealer you would like to purchase your car from will provide a valuation of your car - you can then use this amount to offset against the value of your new car or use as a deposit.

Many dealers will offer free valuations so you can find out the value of your car before you go ahead with choosing your finance.


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Refused Car Finance can help you secure finance for your new car, even if you have had trouble being approved in the past. We take into consideration your affordability and don't focus on the past when we look at your application.

We have a network of dealerships throughout the UK who would be happy to provide a valuation of your current car if you were interested in part exchanging.

What affects a cars value?

Depreciation is the difference between a cars value when you buy it and when you sell it. The drop in value differs between car makes and models however there are some common reasons as to why your cars value may depreciate.

  • Overall condition
    Wear and tear, damage to any body work, interior or exterior of the car will contribute to depreciation.
  • Number of owners
    Cars will be worth typically less the more owners they have had. You can check the number of owners in the car’s logbook or V5C registration.
  • Extras
    Extra features such as a sat nav, leather seats, electronic sunroof or anything similar will give your car more value when it comes to selling or part-exchange.
  • Longer MOT
    A longer MOT means a buyer will often pay more for the car, especially if there is at least 6 months left to run.
  • Colour Some car colours are more desirable than others, so this could potentially affect the value of your car.
  • Mileage
    The more miles it's driven, the less your car is worth. The average mileage is around 10,000 per year, so if you're doing more than that, your car may be valued less.
  • Service history
    Making sure you have a fully documented service history with receipts and stamps shows any servicing has been done in line with the manufacturers recommendations.
  • Warranty
    The length of the warranty can affect the value of a car. If you have warranty cover on your car, its likely you car will have more value if you wish to part exchange.

What if my car is already on finance?

If you have finance outstanding on the car you wish to part exchange you can contact your existing finance company for an early settlement figure to pay it off. The settlement amount can be deducted from the part exchange value and any difference can be used as a deposit for your new car.

I have negative equity, can I still part exchange?

Negative equity is where the early settlement figure on the existing car loan is higher than the part exchange value. This could be caused by a number of factors, including missing any payments during your finance agreement, or high depreciation on the car.

If you have negative equity, it may be possible to apply for car finance with Refused Car Finance, but we must consider each application on an individual basis.

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If you're interested in applying for car finance and part exchanging your car, fill out our 30 second application form and a member of our team will call you back.

Registered with Information Commissioners Office ICO Registration Number: ZA132327

UK Car Finance Limited. Registered in England
Registered number 9397657.
Registered Office Lakeside House, 30 Northumbrian Way, Newcastle Upon Tyne, NE12 6EH

Refused Car Finance is a trading style of UK Car Finance Limited and is acting as a licensed credit broker and a lender, we are authorised and regulated by the Financial Conduct Authority, registration number 714966. All finance is subject to status and income. Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required.

Written quotations on request. Certain exclusions for NI residents.

Note: We cannot be held responsible for specification errors, and price errors, we use Motortrade software which is not always 100% accurate. Copyright 2017 Refused Car Finance.

Refused Car Finance can introduce you to a limited number of finance providers based on your credit rating and we may receive a commission for such introductions.

*Representative Example
Cash price – £8,500.00, Deposit – £0.00, Amount of credit – £8,500.00, Rate of interest – 16.24% per annum, Amount of interest – £6,912.00, Lender Documentation fee – £0.00, Lenders option to purchase fee – £10.00, Total charge for credit – £6922.00, First repayment – £256.70, Followed by 58 Monthly repayments of – £256.70, Final repayment – £266.70, Total amount payable – £15,412.00, Representative APR – 29.9%

*Last month, over 51% of Refused Car Finance customers that had their loan arranged were offered an APR of 29.9% or lower

In the first 3 months of this year, UK Car Finance Ltd received 2140 unique applications, of which we were able to offer 2136 applicants a line of credit, subject to the applicant being able to provide acceptable proof of affordability, being free from insolvency and or/a supporting guarantor fitting the lenders eligibility criteria, this represented 99.8% of applicants in this period.

Rated No.1 for car finance in the North East of England collated from Google Business Reviews

Refused Car Finance Reviews

4.90 Average

146 Reviews

Was so fast and easy Jacob was even doing out of work search’s for me , he done more than his job he helped me find my car I wanted and pushed through for me to get it as soon as possible .

Refused Car Finance where awesome they kept me informed every step of the application they where so professional in every aspect. I highly recommend them to anyone with poor credit history and for people who are long term benefits.

Paige was very professional and very helpful. Highly recommend