Can you part exchange a car when leasing? Can you use an old car as a deposit?

Whether you're trading up and want to get rid of your existing car, or simply want to find someone that you can trust to get the maximum value for your car, CarLease UK will help you get a fair price for your old vehicle and no one will kick your tyres when using it as a part exchange.

We have partners in the motor trade and also deal with the biggest used car buyers and so using your old car in part exchange is a-okay. You can then use the funds as your initial payment and anything left over will be paid into your bank account.

There are several types of lease, with a brief explanation of the types of lease agreements

Can you sell a car lease? Should I buy my leased car early?

In order to use your old car as a deposit, in all cases you will either have to have completed the lease by making the final payment or bought the car at the end of your contract in order to sell a leased car.

In very few cases this is what is intended to happen and normally it simply cannot happen because of the vat and tax status of the vehicle that is an asset of the funder. As a result you will rarely benefit from buying a leased car early. A lease deal is structured over a term and rarely is it worth more than its outstanding balance prior to the lease termination.

For more info on swapping, part exchanging or trading in your old car for a new lease car simply call or contact a member of our helpful lease team or read more leasing help and advice.

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