Tha's in a right pickle if tha owes more on thy motor than it's worth but don't panic it happens to best of us. Negative equity is just fancy talk for being upside down on thy car loan and it's nowt to lose sleep over if tha handles it proper like. Car Plus shows how lenders can help thee out of this mess without breaking the bank. They're offering deals from 9.9% APR though most folk end up around 21.9% representative rate which works out to £185.33 monthly on seven thousand pounds borrowed. Tha'll pay back over eleven grand total including interest of four thousand and change. Most lenders will stretch to 125% of car value so there's room for maneuver. If tha owes five thousand but car's worth three and half thousand that's fifteen hundred negative equity but specialist lenders can often roll that into thy next deal.