Definition of part exchange in English:

part exchange

noun

British
  • [mass noun] A method of buying something in which one gives an article that one owns as part of the payment for another, more expensive, article.

    ‘he sold the car in part exchange for another vehicle’
    • ‘However, not all part exchange deals are equal.’
    • ‘P was selling a car to D and accepted D's car in part exchange after D represented to him that it was free from all encumbrances.’
    • ‘Discounts of several thousand pounds can come in the form of paid stamp duty and legal fees or part-exchange deals.’
    • ‘This car may well find itself abandoned in part exchange where the dealer can suffer the cost himself… can I afford it?’
    • ‘He would sell a motor vehicle and take a motor vehicle in part exchange.’
    • ‘On their return he installed the new purchase, taking PDQ's old Komori printer in part-exchange.’
    • ‘The part exchange value of the car traded in was £1, 500 and the deposit of £150 was accounted for by the Purchase Plus voucher.’
    • ‘But it won't be worth much in part exchange either, so if you have the space and the inclination you may as well hang on to it.’
    • ‘That case involved the part exchange of old goods for new.’
    • ‘They also conned individual customers who were trading in their old cars in part exchange, by promising to pay off outstanding loans on the customer's old cars but not doing so.’
    • ‘This includes me not being able to access websites that helped me value people's part exchanges, or sites that would give a quick indication of car insurance costs.’
    • ‘The offers include part-exchange, stamp duty of deposit paid, extra fixtures and fittings, or free legal fees and surveys if buyers move quickly.’
    • ‘Dealers may dangle a ‘bargain’ in front of you, then try to make up the difference by offering you a poor deal on part exchange.’
    • ‘I have already had a discount equivalent to a part-exchange sale.’
    • ‘These problems of valuation are magnified where a particular deal involves (as I imagine it frequently may) an element of part exchange.’
    • ‘I think the Pro might be pushing it too, but is not outside the realm of possibility, especially if I can do some kind of part exchange deal.’
    • ‘These include a low mortgage, paying a five per cent deposit for you and offering part exchange on selected plots.’
    • ‘The Irish Examiner's Academy Street property is likely to have made over its €25m- €30m price guide, in a deal which includes a part exchange of land in Mahon.’
    • ‘Run it another couple of years and you'll be looking at a part exchange figure of about £7,500 for a car that originally cost £30,000.’
    • ‘We crossed used car lots, where Jiyoon was once offered part exchange and a score of monkeys for her shiny white Benz by a man in a velvet-collared, brown Crombie and matching pork-pie hat; all in our quest for art.’

verb

[WITH OBJECT]British
  • Give or take (an article) in part exchange.

    ‘the caravans had been part-exchanged in favour of better-equipped vans’
    • ‘Remember, the more you look after your carriage the better price you will get when you come to re-sell or part exchange it for another one.’
    • ‘If you want to part-exchange expect the dealer to offer between £300 and £600 less than this.’
    • ‘When you fall for a younger, sleeker model, you will part exchange him at a specialist television/radio shop or chain.’
    • ‘This means your car is as quiet as the bicycle you part-exchanged to buy it.’
    • ‘We are able to settle any finance agreement you may have with another finance company if you wish to part exchange your existing car that is already on finance.’
    • ‘Fair enough, but he might want to consider part-exchanging it for a brain.’
    • ‘Assuming it is a 2005 55-reg car we would estimate that a dealer would offer you between £8,500 and £9,000, although they may give slightly more if you part-exchange it for a new car.’
    • ‘Can I register a right-hand-drive car or would you suggest I sell or part exchange it for a left-hand drive?’
    • ‘To my car whose central locking system suddenly stopped working the day before I part exchange it for a new car - I don't care - do your worst because you will not put me in a bad mood.’
    • ‘John had part-exchanged my car for one for himself.’
    • ‘Both are offering a 3000 cashback and carpets or part-exchange on your own property.’
    vending, selling off, auctioning, trading
    View synonyms

Pronunciation:

part exchange

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