Value and equity
What it is worth, and whether you own any of it.
If you own a vehicle outright or on finance such as PCP or HP, the value of the car and what you may still owe move independently. The gap between them decides whether you can change your vehicle or are stuck in the current one — CarCloud calculates your equity every month, so you have the numbers to hand when deciding your next move.
CarCloud Solutions Limited (FRN 1055210) is an Appointed Representative of ComplianceTrak Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 914597), for the introduction of motor insurance and motor finance.
From the CarCloud app
The information on this page, including your equity calculation and any figures shown, is provided for your general information only. It does not take into account your personal circumstances and is not a personal recommendation or financial advice. CarCloud does not tell you whether to refinance, switch or keep your current agreement — that decision is yours. If you’d like advice on your options, you should speak to a regulated financial adviser.
What you get
Both numbers, tracked over time.
Private and trade values
Updated as the car ages, not fixed at the day you looked.
Your finance agreement
Type, term and outstanding balance held against the vehicle.
The gap between them
Positive or negative equity, stated plainly.
The moment this matters
Find out in your kitchen, not at the dealership.
Many dealers already know what your car is worth and what you owe on it. Until now, you were potentially the only person in that conversation without the numbers.
£4.99
per vehicle, per month
What changes
You get to act while you still can.
Renew or Refinance
Peace of mind that you have the knowledge to renew or move to another finance agreement at the right time.
Insurance comparisons
Confidence that up-to-date valuation estimates will help you manage your insurance costs.
Switch vehicle
Satisfaction that the sale of your current vehicle and the purchase of a new one is at the right price.
This is general information, not personalised financial advice. CarCloud does not recommend whether you should refinance, switch or keep your current finance agreement.
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