Logbook Loan is a quick and easy way to
withdraw the cash from your car. Logbook loan is here to provide a hassle free,
fair and sensible solution to your financial needs, whatever they may be.
Logbook loans
are loans secured on your vehicle, so the lender owns your vehicle until you
pay the loan back. You can keep on using your vehicle as long as you repay the
loan. However, they are expensive and risky and you should avoid them if you
can.
Logbook loans are available on the high
street and on the internet. Logbook loans Online
You can normally borrow between £250
and £50,000, depending on how much your car is worth, although you may only be
allowed to borrow up to half of your car’s value.
When you take out a logbook loan you
will be asked to hand over your vehicle’s logbook or vehicle registration
document.
These are the documents that prove you
are the registered keeper of the vehicle.
We take pride in being ethical and
responsible lenders, and are accredited members of the Consumer Credit Trade
Association. With our logbook loans, this means we will always make sure your
monthly repayments are affordable, and that our terms are flexible to your
needs. Our Logbook Loans span from £250 - £50,000, so you borrow as little or as
much as you like.
Your car is your security with our
Logbook Loans, making Auto Advance accessible to more borrowers and speeding up
the process even further. Logbook Loans with Auto Advance are not just
restricted to cars, we also lend on motorbikes and vans.
As Logbook loans are aimed at those with bad credit the rates are
generally quite high, ranging from 178.2% APR to 498%. Loan terms are
relatively short, ranging from 6 months to 3 years with loan amounts between
£250 and £50,000. The value of the loan you’re able to get with a logbook
lender will depend on the value of your car. As standard practice the value of
your car is worked out from the ‘book price’. In some cases outstanding finance on your car can
be deducted from the overall value of the loan offered but this will depend on
the value of your car.
Note that Logbook lenders take your V5 when you agree your loan. This
makes them the registered keeper of your vehicle for the term of the loan and
if you miss even a single payment, your car can be sold very quickly and
without going through a court process. This puts logbook lenders into the
lender of last resort category and it goes without saying that it’s absolutely
imperative that you ensure you can make the repayments before committing to taking
out a logbook loan.
We understand the various life
situations that have caused you to have poor credit, and we know that there are
a lot of times when it isn’t your fault. We believe that past mistakes or
problems shouldn’t be the basis on how to gauge your ability to borrow and pay
back in the future.
We work in partnership with two of the
largest logbook loan lenders in the UK. They consider applications from
borrowers with a less than perfect credit score. Even if you’ve had
repossessions or court judgments, they might be able to help you borrow the
money that you need provided you are eligible and can afford the repayment.
For More info:- Visit our Site:-http://www.eaffylogbookloans.uk/
