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Expert Logbook Loans in Hungerford Newtown

Enquire Online Today! - 17 Jun 2019

logbook loans Hungerford Newtown

Logbook Loans Hungerford Newtown


Got a car and need quick cash? Try Hungerford Newtown logbook loans

Hungerford Newtown logbook loan quotes

Borrow money against the current value of your car and lend from £400 to £50,000 whilst still driving it! What’s more if there is no finance on your vehicle the loan can be arranged very quickly, sometimes in under a day!

If you don’t want to jump through hoops and undergo credit checks to get your loan then Hungerford Newtown Logbook Loans are perfect for you. Have any of your previous loan applications been refused? It’s time to try this type of loan, which could be the perfect solution.

Furthermore you can spend the money you borrow on anything you like... clear some debts, go on holiday, boost your cashflow, whatever you decide to do the choice is yours.

Risk-free quotes: Obligation-free quotes mean that applying online is completely risk-free, so it’s worth finding out what you could borrow!

Been refused before? If you’ve been thwarted before at the credit check stage when applying for loans then relax... V5 loans are amongst the most accessible loan types.

Continue to drive: If keeping mobile is important to you then a Logbook Loan lets you borrow the money and keep hold of your car keys!

60secs to apply: That’s right! It only takes a minute to apply for your free Hungerford Newtown Logbook Loan quote via our online form.

Your money to use: It’s your loan so you can spend the money as you see fit. Logbook Loans give you complete control over the money loaned.

Personalise your loans: A Logbook Loan is a flexible loan that can be tailored to suit your own needs. Get in touch to discuss your lending requirements.

It couldn’t be easier to apply for Hungerford Newtown Logbook Loans with our site, the application form you can see on this page is all you need to complete with a few details (no more than 60secs), you will then hear from a loan provider direct to discuss your application further.

Why not apply online today to find out just how much you could lend with Hungerford Newtown Logbook Loans.

logbook loans for older cars

Are Older Cars Eligible For Logbook Loans?

If you drive an older car (8 years or older) then you will be pleased to know that you might still be able to take a loan out against it! Many other Hungerford Newtown logbook lenders will restrict the age against which they will lend, however our lenders base the loans on the value of your car. With lending amounts from £400 to £50k most cars are covered... and by simply choosing your make and model on the form above you can enquire today!

loans against classic, vintage and prestige cars in Hungerford Newtown

V5 Loans For Classic and Prestigious Cars

If you are the lucky owner of a prestigious or classic car then this type of loan could still apply to you! Hungerford Newtown residents (if eligible) could get a loan against all makes and models including Aston Martin, Bentley, Rolls-Royce, Porsche and Ferrari not to mention vintage models. The loan amounts are based upon the value of your vehicle, so most older models are considered.

no credit check Hungerford Newtown logbook loans

No Credit Check Logbook Loans?

Unfortunately the ’No Credit Check Loan’ doesn’t actually exist as all applicants for this type of loan are in fact credit checked. The reason for this misunderstanding is probably due to the fact that a V5 loan can be more accepting of bad credit scores as a vehicle is used as collateral during the repayment period. This can make them perfect for those who have been denied elsewhere. Find out today if you qualify!

loans for self employed in Berkshire

Loan Rejected Due To Self-Employment?

Unfortunately if you are self-employed you may be familiar with having loan applications rejected as most Berkshire lenders want a guaranteed income. If you apply for Hungerford Newtown car V5 loans however, the lender takes into consideration your vehicle being used as security for the payments so you may be eligible to borrow. In order to comply with responsible lending, you are still required to prove you can cover the monthly payments.

Hungerford Newtown business v5 loans

Business Logbook Loans?

If you are interested in obtaining a logbook loan for your Hungerford Newtown business, you may be able to do so in one of two ways. First, you can enquire about a loan on a vehicle that is registered in your name; this is much the same as obtaining a personal logbook loan. Second, you can also use a company vehicle that is registered in the business’s name if the business name and your name match. You should always check with individual lenders for their policies.

Release £400 - £50,000 From Your Vehicle

Below you can see a table of typical lending examples based on 80% of your car’s current value. The lending range can be anything from £400 up to £50,000 which should cover most borrowing requirements. Get in touch to see how much you could borrow:

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 Percentage Calculator

It’s simple to use our online loan calculator... just use the sliders below to set your car value and loan percentage.

7000
80%

£5600

Logbook Lending FAQs

We receive a number of questions regarding Hungerford Newtown logbook loan applications, so for your convenience we have answered as many of the popular questions received below:

How do Hungerford Newtown Logbook Loans work?

The way Berkshire loans against cars work is you use your car as security for getting a loan. The only thing you need to hand over is the logbook (also known as V5 document) of your vehicle. The logbook is held by the lender as collateral, and you get to keep and use your vehicle throughout the agreement. The document is then returned to you when you finish repaying the loan. Loans are available throughout Berkshire and are increasing in popularity with those with bad credit.

On application, what documents will I need?

Many people have questions about the types of documents and information they’ll need to enquire about a loan. Fortunately, the process is simple and requires only a few basic documents. A photo ID, proof of insurance, your logbook, a current MOT, a utility bill, and your bank statement will typically suffice. Bear in mind that different lenders may have different requirements, so make sure you have access to the documents they might request.

What makes a V5 Logbook Loan a good idea?

If you are struggling to get approved for a loan in Berkshire because you have bad credit, you should consider applying for a V5 document loan. With these type of loans, all credit is considered. Whether you’ve bad credit score due to missed payments or such other defaults, it might not matter; so long as you live in Berkshire, own a car or have very little finance you simply need to avail the logbook, and you can obtain a loan quickly.

I’m currently unemployed, can I get a Logbook Loan?

One of the key requirements to taking out Berkshire loans against your vehicle logbook is that you can prove to the provider that you can afford to make the monthly repayments. This is part of a responsible lending approach that helps ensure you do not default on your payments and risk your vehicle not being returned. Therefore if you are in Hungerford Newtown and unemployed you still need to be able to prove that you can afford the repayments to qualify for the loan.

What about Berkshire residents with poor credit scores?

If you have a poor credit score and you need to borrow, a loan secured against your vehicle might well be a solution. The logbook loan procedure is usually very straightforward, and you can often get the money on the same day. Although you will still have to undergo a credit check, due to the security of your car as collateral you may find it easier to be accepted. When taking out the loan against your vehicle, your Berkshire loan lender will need you to hand over the vehicle’s V5 document or logbook, alongside some other requirements like Hungerford Newtown billing address, proof of identification, MOT certificate and proof of income.

I can’t prove my current income... does that matter?

Responsible lending entails only lending money to Hungerford Newtown applicants who can prove that they can afford the monthly repayments. It’s a way of trying to avoid accounts entering into arrears and even the repossession of a vehicle. Hungerford Newtown v5 logbook loans are only offered to those who can prove that they can make the repayments, so if you have trouble doing so it’s best to get in touch to discuss the best option for your lending needs.

Car maintenance - whose responsibility?

During the entire period of your loan, it is your responsibility to maintain the car. The lender does not and will not take possession of the car unless you default on your payments. As part of your agreement, you should ensure that your car is regularly serviced, that MOT checks are completed, and that you maintain proper insurance throughout the entire period of your loan. If any of these things do not occur for any reason, or if the value of your car decreases substantially due to damage or a mechanical failure, you should notify your lender.

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 Berkshire 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.

We hope these FAQs have answered any queries you may have had and that a logbook loan is the right choice for you. To find out even more, and get a free quote simply get in touch by completing the form on this page.