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It’s not surprising that you can end up thinking “I need to borrow money fast!” But what is the best way to go about this? Find out more.
Learn moreWarning: A Bill of Sale transfers the ownership of your vehicle to us, until you have repaid your loan. Late repayment can cause you serious money problems. For independent help, please go to www.moneyadviceservice.org.uk
Before understanding what a log book loan is, you need to know what a logbook is. A logbook (more commonly known as a V5C or vehicle registration document) is a document which records key information about a vehicle and its keeper.
When someone sells a vehicle, they enter the details of the new keeper on the second page of the logbook and post it to the DVLA to notify them of the change.
A logbook loan is a loan secured against your vehicle enabling you to release cash from your vehicle. Your vehicle is the security in the loan which enables this type of lender to often lend where more traditional finance sources are unable. When you take out a loan with a logbook lender, they will ask you to provide the original logbook (V5C), which will be held for the duration of the loan. As soon as the loan is settled, this is sent back to you. That is how this type of lending has become known as ‘logbook lending’.
To see if you are eligible for one of our Logbook Loans simply complete the enquiry form and one of our trained customer service representatives will be in touch.
PLEASE CALL US ON 0330 400 0403 FOR QUOTES OVER £5,000
Representative example:
IF YOU BORROW: £850 over 18 months at a flat rate of 132% per annum (fixed) with a representative 450.5% APR YOU WILL OWE: 17 monthly payments of £140.72 and 1 payment of £140.76, repaying £2,533.00 in total. PLEASE CALL US 0330 400 0403 FOR QUOTES OVER £5,000
Minimum loan term is 12 months, maximum loan term is 36 months. The interest we charge is directly related to the length of time you have your loan. Max APR 606.3% (based on £272 over 12 months).Logbook loans are secured against your vehicle and are subject to affordability. For more information about our secured loans read the Bill of Sale information sheet. Late payment or non-payment may result in additional fees such as court fees or and/or the repossession of your vehicle. Click here for our renewal policy. Over 18s only, T&Cs apply.
It’s not surprising that you can end up thinking “I need to borrow money fast!” But what is the best way to go about this? Find out more.
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Learn more450.5% APR Representative