Compare Logbook Loans to alternative loan providers

How do Logbook Loans compare?

Here at Logbook Loans, we’ve taken some time to see how we fare when you compare Logbook Loans to some of our competitors within the logbook loans market; Car Cash Point, Auto Advance and Mobile Money:

 

CAR CASH POINT       AUTO ADVANCE      MOBILE MONEY

 

What is a logbook loan?
A logbook loan is a loan for vehicle owners. This form of funding permits the user to release cash from their personal vehicle in order to secure a loan.

Commonly referred to as ‘logbook lending’, securing your vehicle with a logbook lender means that you will have to provide them with your original logbook (V5C), which they will then keep for the duration of the loan. However, once your loan is settled, they will return your logbook back to you.

One of the biggest benefits to this type of lending is that whilst the lender keeps hold of your logbook for security, you still get to keep your vehicle for the duration of the loan.

You can find out more about logbook loans here.

Why choose us for a logbook loan?
At Logbook Loans, we put our customers at the heart of what we do. We build our logbook loans to suit you and what you can comfortably afford based on how you manage your personal finances. There is a selection of options available for you to choose from. Here are just a few:

  • Prefer cash? – We pay cash in hand for all logbook loans up to £5,000. However, should you need to borrow more than £5,000, we could transfer you up to £50,000 to your bank account, based on the value of your car.
  • Duration of loan – Our loans range from 12 to 36 months.
  • Payments – How you pay us back is up to you. We accept payments on a weekly, fortnightly, and monthly basis.
  • Dual signatories – It is up to you whether or not you wish to sign for your loan individually, or with a second applicant. In some cases, you may want to split the responsibility of the loan. However, if you do decide on this option then we will need review both applicants’ eligibility and financial circumstances.
  • Where do I sign? – With over 50 branches across England and Wales, you are sure to find a branch that is closer to you. We also have mobile representatives to cover some areas where we don’t have a branch.
  • How to pay – we prefer to set up a continuous payment arrangement (‘CPA’) with you, which allows us to take payments directly from your debit/credit card. However, this is not the only payment method that we accept. You can also make payments by paying over the phone, or by visiting a store.

Head over to our FREE logbook loans calculator to see how much you can borrow, and how much your monthly repayments are likely to be.