Are you feeling trapped by negative equity in your current car loan? We understand the stress it can cause. As experienced car brokers, we’re here to guide you through the process of overcoming negative equity and regaining financial stability. Read on to find answers to common questions and discover effective strategies.
Negative equity occurs when the outstanding balance on your car loan exceeds the current value of your vehicle. This situation can arise due to factors such as rapid depreciation or extended loan terms.
Several factors contribute to negative equity:
Yes, it’s possible. There are strategies to manage negative equity, such as:
Negative equity can feel like a roadblock, but it’s not the end of the journey. With informed decisions and strategic planning, you can navigate this challenge and regain financial stability. As experienced car brokers, we’re here to provide guidance and tailored solutions. Don’t hesitate to reach out for personalised advice. Here’s to a brighter financial future and smoother travels ahead!
The above rates and monthly payments are an example only. The actual rate you will be offered by lenders could be lower or higher depending on your circumstances
Representative example: borrowing £6,500 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £166.07 per month, with a total cost of credit of £3,464.37 and a total amount payable of £9,964.37.
*After completing the application, lenders will perform a "soft search" that will not affect your credit score. Should you get an offer of finance and wish to proceed, the lender will then perform a "hard search" of your credit file. Finance acceptance is not guaranteed, please click the following link for more information: Initial Disclosure Document
Amazing experience from start to finish, the people there don’t push you into anything. The checks are really good, they not only check out the car but who you are buying it from. Thanks to Matthew and Leon for all their support in helping me choose the right car for me.
They were extremely helpful and did everything they could to get me finance even with a bad credit rating. Couldn’t recommend these guys enough. Leon talked me through it every step of the way, the company are lucky to have you😊
Very helpful team Leon walked me through the whole process and didn’t push. He also gave brilliant advise and set up warranty package that gave me peace of mind.
I've just picked up my new car, absolutely love it, Alan was amazing I told him everything I was looking for in a car and within minutes he found my dream car, Alan kept in contact with me through the whole experience, checking I was still happy with everything, I would highly recommend Happy motors finance and have already done so with friends. THANK YOU SO MUCH! 😊
Cannot praise this company highly enough. Dealt with Alan, who pulled out all the stops and exceeded my expectations. Everything went so smoothly. Alan also made sure I was given all the details needed and communication was excellent. Keep up the good work guys.
