Negative Equity Motorloans
Broad Oak can now offer a motorloan specifically for deals with negative equity. More and more people are finding that they owe more on their current finance agreement than the vehicle is worth due to the change in market conditions recently.
This can be a daunting position to be in if you need to change your current vehicle. Changing your vehicle is sometime a necessity rather than a luxury due to changing family numbers, vehicle becoming unsuitable etc. Most finance companies will only lend the retail value of your new vehicle and won't incorporate and of the negative equity from your old car.
Our motorloan is different. We will give you one new loan that covers the price of the new purchase plus the negative equity in your old car meaning you CAN change your vehicle when you need to.
If you are a dealership and wish to take advantage of our negative equity finance facility or are a customer looking to change your vehicle with a company you trust, then call our sales team on 0844 800 0460 (local call rate).