Part Exchange (PX)

Part exchange lets a customer roll the value of their old car straight into the deal on a new one, rather than selling it separately first. For the dealer, the PX vehicle itself becomes new stock, which is why appraisal accuracy matters so much.

How it works in a deal

• The PX vehicle is appraised and a trade value agreed with the customer
• That value is offset against the price of the vehicle being purchased
• Any outstanding finance on the PX vehicle is settled before the deal completes
• The PX vehicle enters the dealer's own stock to be prepped and resold (or sent to auction)

Where this connects to other DMS functions

A part exchange touches deal building, vehicle appraisal, finance settlement, and stock management all in one transaction — which is exactly why a DMS that handles all of these in one place avoids the re-keying that happens when they live in separate tools.