Wishing you a Happy Christmas from your car!

Get cash for Christmas from Logbook Loans! A gift from you car…

Christmas is coming and we are all wishing that we had started preparing earlier! Isn’t it just the same every year?

Many of us are also beginning to worry that we will not have enough money to pay for everything that we are going to need over the festive season. So at Logbook Loans we just wanted to take a few minutes of your time to explain how – strangely enough – your car might be able to help you.

Earlier in the year we ran an article called Six secret ways to make money from your car. Even though that article was written in summer, it is just as relevant at this time of year as we approach Christmas. The article looked at how you could make money from your car. For example  by renting out your driveway, car or caravan, putting ads on your car or offering a driving or delivery service. So check out the article if any of those sound of interest to you.

If you own a vehicle – car or bike or van – then another option to consider is taking out a logbook loan. A logbook loan is a personal loan that is secured on your vehicle: but you get to keep your vehicle and have full use of it during the period of the loan. To learn more about logbook loans take a look at our recent article Stuck for cash? Stop! DON’T sell your car!

If you decide to take out a logbook loan then it’s a really good idea to do this in parallel with some other way(s) of making money such as those listed above. In this way you are building up extra funds to pay the loan back as soon as possible.

At Logbook Loans there are no penalties if you decide to repay your loan early. So, for example, imagine you took out a loan of £500 in December to help you pay for Christmas. But after taking some time off for Christmas you use some of the above ideas to help you make some extra money, and manage to make £500 in January. You could then repay your logbook loan in full without being charged any extra for doing so. 

In this case, the logbook loan has simply seen you through the financial crunch of Christmas and given you breathing space to get back on your feet again at the beginning of 2020.

 If you are considering taking out a logbook loan then Logbook Loans are here to help. You can apply online or call us on 0330 400 4137.

Check back here soon for more financial and lifestyle tips from Logbook Loans.