Choosing a new vehicle when you owe more than your current motor is worth involves specific financial math that many buyers overlook. High risk lenders often cap these rollovers at 125% loan to value meaning a £1,000 shortfall on a £4,000 car is usually manageable. Expect interest rates to sit between 15% and 35% if your credit score is below 600 so comparing offers is vital for saving money. You can learn how to handle these specific debt scenarios and find the best rates by checking https://carboom.co.uk/guides/negative-equity-car-finance-bad-credit/ A small deposit of £500 significantly helps your approval odds by showing commitment.