Exchanging Your Used Car

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Exchanging an Old Car is Now Simple!

Selling your old car perhaps may seem like a cumbersome process where you will have to wait a period to purchase the next vehicle. However, the exchange process comes in handy in such situations.

Your old car can be of any manufacturer and manufactured in any year. You can exchange the car at any dealership that is involved in the exchange process. You can get yourself a brand-new car or a used car in exchange for your old car. To make this exchange transaction smooth, the value of the old car can be used towards the down payment of the new vehicle. The dealership and its network will make it easy for you to evaluate your used car. The exchange process does not end here – it is also ensured that your old car is sold properly adhering to all the documentation procedures. Convenient, transparent, and reliable – that’s what exchanging your used car is all about.

Simple Steps for Exchanging Your Car

• Drive your old car to a dealer and get it evaluated.
• Choose your new car and drop off your old car at the dealership.
• Get the evaluated value along with amazing deals for your new vehicle!

Benefits of Exchanging Vehicles

Competitive pricing that is digitally evaluated – the value of your old car is technologically evaluated and priced. You can trust the process and drive home an upgraded car!

Hassle-free paperwork – exchanging an old car for a new one takes minimal documentation and is quick and easy.

Easy down payment – you can pay the down payment for the new car using the exchange value of your old car.

Documents Required for Handing over Used Car

• Original RC,
• Copy of Insurance,
• Copy of ID & Address Proof
• Car Original Keys
• Bank NOC with RTO Form 35 (only if vehicle financed)

Procedure When Exchanging Cars

Once your old car is handed over to the dealership, they will acknowledge by giving you the following. Make sure you get your hands on the following invoices and receipts for transparent transactions.

Delivery receipt – this receipt states that the car is taken over by him with all responsibilities along with road taxes, maintenance, challans, and offenses from the date of delivery. Information of the make and model including the date and time must be duly stamped and signed by the dealership in this receipt.

Purchase / Exchange Receipt – This receipt includes the value of your old car. Along with it, you can see the documents collected by the dealership at the time of the exchange. Make sure the following details like Keys, Insurance, RC Book, Owner Manual, and documents are mentioned clearly in the receipt. The Purchase Value of the old vehicle, if adjusted towards a down payment, new car margin money, or loan foreclosure, must be mentioned in the Exchange Receipt as well.

Conclusion

Exchanging your used car for an upgrade is a great idea. Especially when you do not have time to spare between selling and buying a car. You can get yourself a great deal while exchanging your used car for a new one. Many dealers offer a wide range of discounts and additional accessories when exchanging your used car for a new one. Also, this process is useful when you are looking to pay a down payment for the new car using the value your old vehicle provides.