HOW IT WORKS
1. Compare and Review:
Review descriptions of loan providers listed in our comparison table.
2. Choose and Apply:
Decide on a provider, click on apply, complete and submit an online application form.
3. Callback to Arrange Appointment:
You will be called back by an advisor who will answer any questions you may have about logbook loans and how they work.
The advisor will also arrange an appointment for you to visit your local logbook loan branch where you will need to bring in your vehicle and V5 logbook documents. Please note: in addition to your V5 logbook you may need to bring along proof of address and proof of ID.
4. Collect Cash Loan and Drive-off with your Car:
When you visit your local branch, your vehicle will be valued and once terms of loan are agreed, you will be given your cash or cheque loan to drive away with. Your V5 logbook will be held as a simple form of security at the branch (or with an agent) until your loan has been repaid.
5. Keep on driving and remember to make your repayments on time:
Payments can be made either weekly or monthly as agreed with the lender. As soon as your loan has been fully repaid including any interest, then your logbook V5 documents will be returned to you - that's it!
Please Note: The borrower should be the legal owner of the vehicle and it must be fully paid for, or almost fully paid for, and should generally be under 10 years old or be a valuable classic car to qualify.