Turn Your Vehicle Into Cash!
Sometimes it can be difficult to find a loan, especially if you have poor credit, have never taken out a loan before, or even if you are self-employed or on benefits. When an emergency arises, such as a broken washing machine or a sudden unexpected bill, getting cash as soon as possible is your biggest concern. But what if you have a poor credit history?
If you have a vehicle, getting some cash soon could be simpler than you thought. With our straightforward application process, you could be seeing to that emergency or bill the same day. As long as you own a vehicle which is taxed, MOT’d and insured, are over 18 and can prove your ability to make the loan repayments you could be eligible for one of our logbook loans today.
Even if you’ve been denied or never had credit previously, we can tailor a logbook loan for your specific needs. Take a moment to complete the short application form, and we could be calling your back shortly to give you a FREE no obligation quote, helping you unlock the cash in your car.
Logbook Loans Explained
Your logbook or V5 is the document which confirms that you are the registered keeper of the vehicle. With a logbook loan, you can borrow cash based on the value of your vehicle and the logbook lender retains the logbook whilst you pay the loan back. The loan is secured against your vehicle, and as soon as it is settled by you, the logbook lender will send you back the logbook. For the duration of your repayment period, the logbook lender is the owner of the vehicle, but you will still be able to keep driving it as normal.
The loan is secured using a Bill of Sale in England and Wales, and this is the document which transfers legal ownership of the vehicle to the lender until the loan is repaid in full. In Scotland, whilst the principle is the same, the paperwork is slightly different in that rather than a Bill of Sale being used, you sign a sale agreement transferring ownership to the logbook lender, and they then hire the vehicle back to you under a hire purchase agreement. Again, you still continue to drive the vehicle for as long as you are making repayments towards the loan.
Either way, even if you’ve been refused credit before, or you’re just looking for a fast decision on a loan, a logbook loan could be the simple solution.
How it Works
Applying for a logbook loan has never been more straightforward. With our call centre open 8am to 8pm Monday to Friday and 9am to 5pm on Saturday, you can fill in the online application form and receive a call back within minutes. Alternatively, call now and we will be happy to discuss your loan needs.
Before you complete the application, we ask that you are living in England, Wales or Scotland, and are the legal owner of the vehicle on which you would like to obtain a loan. The vehicle should be taxed, insured and free or almost free of any outstanding finance. We undertake some credit checks once we have received your details, but don’t worry if you’ve been rejected previously, we may still be able to offer you a logbook loan, depending on your credit score. Once we’ve been through your details over the telephone, we’ll direct you to the nearest store where you can complete your application.
During your visit to the store our friendly loan managers will run through the paperwork with you, take a look at the vehicle and ensure that you are comfortably able to afford the loan repayments by looking at your income and expenditure. If you are both happy to proceed, the logbook loan application is completed, and you could be receiving cash that same day!
How Much Can I Borrow?
We are able to loan between £250 and £50,000 and the amount you can borrow will depend on the value of your vehicle and your ability to make repayments. So whether you have a small or large emergency, we could help you to find a solution in your vehicle. Whether you choose to make your repayments weekly or monthly, we could help you find a loan to suit your preference.
Whether you own a car, van, or motorcycle, complete our simple application form today to see if you could be approved for a fast logbook loan!
In order to ensure a hassle-free loan application, make sure you have the following ready:
- Your vehicle’s logbook or V5 document
- Your vehicle’s MOT certificate
- Your vehicle’s insurance details
- Proof of identification with photo (passport, government issued ID’s, etc.)
- Proof of income (Pay slips or bank statements)
- Recent bills containing your permanent address
- Get your money within the same day of successful application
- Know the status of your application within minutes
- No obligation, FREE quote from us
- Choose among a variety of repayment options
- Choose your own loan duration
- We will consider applications from customers with a less than perfect credit history.
- Self-employed people are welcome
- You can keep driving your car
- We abide by the CCTA code of practice, so you can be sure that your rights as a borrower is protected
Getting a logbook loan is easy. You can submit your contact and vehicle details above, and you will hear from us within minutes with a free no obligation logbook loan quote. If you need cash fast, apply now!