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Expert Logbook Loans in Llanfwrog

Enquire Online Today! - 25 Aug 2019

logbook loans Llanfwrog

Logbook Loans Llanfwrog

Llanfwrog logbook loans can unlock the value in your car

Llanfwrog logbook loan quotes

Should you need same day money then borrowing against your car could be the solution for you. If your car is free of finance then from application to receiving your money can be as little as 24 hours!

Other loan types will have you jumping through hoops and undergoing credit checks which you won’t have to do with Llanfwrog Logbook Loans. If other loan providers have refused your applications then take these into consideration, they could be the perfect solution.

You can spend the borrowed money on anything you like too... perhaps you have some debts that need paying off or you want to go on holiday, with Logbook Loans your money is delivered quickly so you can do what you wish!

No commitment necessary: There isn’t any commitment necessary on your behalf when you get your free quote, so there’s no risk in simply finding out.

No-hassle loans: If you have a poor credit history then you don’t have to worry about it affecting your application, you may still be accepted.

Carry on driving: Borrow the agreed amount and also keep your car keys to stay mobile throughout the loan period!

Apply easily online: Take only a minute to complete our application form. Thats all you need to do to apply for your Llanfwrog Logbook Loan quote!

Your money: The amount you borrow with a Logbook Loan is yours to spend however you may like, the choice is entirely yours.

Flexible loan durations: Your loan can be tailored to your own specific circumstances, so have a chat with a Logbook Loan advisor today.

The process of applying for Llanfwrog Logbook Loans couldn’t be simpler too, the simple application form you can see on this page is all you need to fill-in with some basic details, you will then be contacted direct by a loan specialist to discuss your requirements further.

With simple online application and free no-obligation Llanfwrog Logbook Loan quotes, why not see how much you could lend now!

logbook loans for older cars

Your Older Car Qualifies For a Logbook Loan

If you were unsure as to whether your older car would qualify for a loan then you may well be in luck. Where other Llanfwrog lenders might limit the borrowing to cars under 8 years of age, the lenders on our Anglesey network look at vehicle value rather than age . This means that most ages of car will be considered for a loan against it’s value. To see if your car qualifies is easy... just complete the small enquiry form you can see above.

loans against classic, vintage and prestige cars in Llanfwrog

Lending Against Prestigious, Vintage and Classic Vehicles

Enquiring about a loan for a prestigious or vintage/classic car? You could be eligible to borrow against all prestige makes and models including Porsche, Aston Martin and Bentley plus classic car makes such as Morgan or Triumph. If you are in Llanfwrog and the owner of one such car then simply get in touch today to see if you could borrow against the current market value.

no credit check Llanfwrog logbook loans

No Credit Check Logbook Loans?

Don’t let the actual fact that all applicants are credit checked put you off. The phrase ’No Credit Check’ is actually a misconception that has arisen due to the fact that this type of loan can be more accepting of poorer credit scores. Using a vehicle as security throughout the loan period can make a loan more attainable to those with poor credit scores, so if you’ve been denied before then find out today if you can borrow.

loans for self employed in Anglesey

Are the Self-Employed Eligible to Borrow?

If you’re in Llanfwrog and self-employed then you probably already know how difficult it can be to get a loan of any sort as most Anglesey lenders want to see regular guaranteed income to cover payments. Using your vehicle as security means you might still be eligible for a loan as it reduced the risk to a lender. It’s important to remember though that as part of responsible lending you still need to prove to the lender that you can cover the payments.

Llanfwrog business v5 loans

Logbook Loans for Companies?

Getting a logbook loan using your Llanfwrog company vehicle as security is possible with some lenders. Remember that not all lenders have the same requirements, so it’s vital to check with them individually to learn their policies. Those that do will either ask that the car be registered in your name, or if it’s registered in the company name, the company name should be the same as yours.

Unlock £400 - £50,000 From Your Car

Most lending requirements are covered by the amount you can borrow with a V5 loan. You can unlock up to 80% of your current car’s value (which can be anything from £400 up to £50,000). Here’s a table showing some typical borrowing amounts at 80%

Value of Car % Loan Loan Total
£500 80% £400
£1000 80% £800
£1500 80% £1200
£2000 80% £1600
£5000 80% £4000
£10000 80% £8000
£20000 80% £16000

Loan Amount Calculator

This useful loan calculator can show you a maximum 80% loan amount against the value of your car. Use the sliders below:

7000
80%

£5600

FAQs - Llanfwrog V5 Car Loans

In order to ensure you are as informed as possible when enquiring about your Llanfwrog logbook loan we have listed some answers to FAQs received below. If you have any more please get in touch using the form.

So how does a Logbook Loan work?

A loan against your car, or V5 loan is a very straightforward way to lend money, especially for Anglesey residents who have had more traditional loan applications refused. Quite simply, you use your car’s V5 document as security to lend money against the value of your car. Anything up to 80% of the current market value can be borrowed, and repayments can be spread over 12, 18 or 36 months. What’s more, you can continue to drive your vehicle throughout the loan period, and upon completion your V5 document is returned.

What should I supply on application?

Before you can proceed to enquire about a loan, you’ll first need to make sure you have all the proper documentation. You’ll need your logbook, or V5, which should be in your name, along with a current MOT and proof of insurance for the vehicle you want to use as security. You should bring a government-issued photo ID card, a recent utility bill as proof of Anglesey residency, and some form of income validation that proves your ability to repay your obligation.

Are V5 Logbook Loans a good idea?

Absolutely, especially if you have had a loan refused elsewhere due to a poor credit history/score. As your car is used as security you may find that Anglesey logbook lenders are more willing to lend money where other lenders might pass, which is why they are so popular throughout Llanfwrog. So long as you meet the loan criteria then you could be lending up to 80% of your car’s value very quickly indeed.

Unemployed but want a Logbook Loan... is this possible?

Llanfwrog residents that find themselves unemployed but still want to take out a loan gainst there vehicle have to meet certain criteria in order to be successful. For instance you have to prove that the monthly loan repayments are affordable in order to avoid arrears and the possible loss of your car. Responsible Anglesey lenders won’t grant loans to those who cannot afford the repayments. To find out more simply get in touch today!

Does poor credit history affect Anglesey applicants?

Actually a V5 loan is one of the more tolerant loans when it comes to bad credit, and Anglesey residents are finding them very popular. As your car is used as security it makes the loan lower risk to the lender so they are more likely to agree to the loan. You will still have your credit checked, but the outcome is normally more positive than if you had tried for a loan elsewhere.

What if I can’t prove my income?

Those who are self employed or have little/poor credit history in Anglesey can benefit from the V5 loans; they simply need to prove that they are able to make the repayments. As part of responsible lending, it’s important for Llanfwrog V5 loan applicants to prove that they have the ability to make timely repayments so as to avoid losing possession of their car. Since different people have different situations, it is important to get in contact to discuss your particular needs.

What about car maintenance during the loan?

Although a logbook lender does reserve the right to take possession of your car if you default on your payments, if you are current, you are still the owner of the car. As such, all maintenance remains your responsibility, and this includes MOT checks, insurance, and regular servicing. Your lender will expect normal wear and tear along with additional mileage on the car, but if anything should significantly reduce the car’s value, you will be expected to report that change to the lender as soon as possible.

Will a V5 Loan show up on a HPI check?

Logbook loans should show up on a HPI check. They show up as a Bill of Sale agreement, and it’s a requirement for Anglesey lending companies to register them with companies like HPI. Nowadays, it’s very important to perform a thorough check on the car’s history. If you do a HPI check and a loan taken against the vehicle doesn’t show up, and you buy the vehicle, then you’re protected by the HPI guarantee which provides you with a financial reimbursement of up to £30,000.

How long do I have to repay?

Your loan repayments can be arranged over 12, 18 or even 36 months. There are no penalties if you wish to settle the account sooner, in fact it is encouraged as interest is charged monthly so you can save yourself money by paying your loan off sooner.

To find answers to any further queries you may have then simply get in touch today using the short form you can see above. You’ll be contacted by an advisor who can answer any questions you have to see if a V5 loan is for you.