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Negative Equity Car Finance

Perhaps you have a new addition to the family or you are simply bored with your old wheels. We Finance Any Car work with you to get you into your new car even if you have negative equity

Negative Equity? Lets sort it!

We Finance Any Car help you to calculate the amount owed and to accommodate it in the new deal. Simply put in an application so your friendly account manager can sort it for you.

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What is Negative Equity?

In a nutshell, negative equity is when you owe more on something than it is worth. Apart from a very small minority of specialist cars, cars depreciate over time. Different cars depreciate at different rates. If you are unlucky enough to have a car that depreciates considerably and early on in your term, then you will need longer to get make payments and get to the point where your payments balance out the depreciation, sometimes only once you are right near the end of your agreed finance period or term. If this is the case and you have not competed the finance term then in all likelihood you will have what is known as "negative equity". We Finance Any Car can normally still help you to get out of your old car and into a new one - the best approach is to apply using soft search and then we can take it from there and help you with one of our negative equity experts ready to give you all of your options.

Can I get a new car even if I have negative equity on my old one?

Yes. We work with you to identify how much negative equity you need to cover to get out of your old vehicle. Once we have a figure, you can either pay off the old car finance loan or transfer the negative equity to your new deal - the choice is yours!

Why consider a new car even if you have negative equity on the old one?

Many of our customers look to get out of their existing car finance deal early. This can be for very practical reasons such as their family has grown and they need a new vehicle, or that the existing car is unreliable. For some, they may have taken out a long finance agreement on the old car and are now simply bored with the old car and want a new one. Whatever the reason, we can generally help you get into a new car.

How much negative equity will I need to cover?

This depends on a number of factors. The type of finance deal you took out in the first place, how long you have to run on the new deal and there are no other factors at play like excess mileage on the old car or damage to the car in the case of PCP car finance.

What can you do to help me get into a new car?

When you have negative equity there are a number of things we can help you with. We can help you to ascertain exactly how much you owe and who to ask. We help you calculate the new deal and how to roll the old negative equity into the new car or to pay the old one off. Our experts also know how to balance loan to value rates on the new car which means that we calculate how much the lender will loan on the new car once you roll in negative equity.

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About Us

If you are looking for car finance, you are in the right place!

We have years of experience in car finance, a very extensive lending panel and a team that is set up to get you the car you want at the best finance rate possible. If you have already found a car and just need the finance – great! If you need help finding a car then we are there for you as well – in fact, we have access to over 300,000 cars.

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