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Enquire Online Today! - 05 Oct 2022

logbook loans for a special occasion

Use a Logbook Loan to Pay for the Next Special Occasion

Although most people enjoy getting together to celebrate special occasions like graduations, milestone birthdays, weddings or once-in-a lifetime holidays, trying to figure out how to cover the cost of these events can be extremely stressful. However, instead of scaling back on your celebration and causing disappointment, it may be possible for you to obtain a loan that will help cover the cost of your event.

loans to pay for a holiday

The Holiday of a Lifetime

Many people enjoy going on holiday once a year or so. However, unexpected expenses often crop up, which can result in the holiday fund being depleted before you even book your plane tickets.

If you are wondering how you can make your next holiday more special than any other, you may need to broaden your horizons. For instance, if you usually go to Dorset for a week by the seaside, consider booking a trip to Mauritius instead. If you and your family would like to see various destinations in a single trip, booking a luxury cruise could enable you to do this.

Regardless of the type of holiday you decide to book, adding the little extras will set you back budget-wise and in many cases, you may think there’s no way for you to afford them. This is where obtaining a logbook loan against your vehicle would come in handy.

Party the Night Away

Whether you’re planning a graduation party or a large family reunion, the cost of keeping everyone happy, well-fed and entertained could cost an arm and a leg.

While it may be possible to set limits in advance for items such as drinks, it could make you appear cheap. Instead, why not apply for a logbook loan, which will help ensure that everyone is able to enjoy themselves to the fullest. The main advantage of these loans is that you will be able to repay a set amount over a pre-determined period of time.

Using a loan towards your dream wedding

A Dream Wedding

Are you getting married soon and want to plan the best and most exquisite wedding possible? If so, you will most likely already know just how costly this could be, especially if your current savings account is not large enough to cover everything you want to have on your special day.

For instance, just hiring an experienced photographer to capture the special moments could set you back as much as £1,500, while booking the perfect venue could cost well over £2,000. Although it will be possible to find cheaper alternatives, would you really want to risk ruining your special day?

Although it’s traditional for the family of the bride to cover the cost of the wedding, there may still be a financial shortfall somewhere. This is where obtaining a loan against your vehicle could be extremely helpful.

How it Works

A logbook loan is based upon using a vehicle that you own outright as a form of security against the amount of money you need to borrow. The amount that you will be able to borrow will depend on the current market value of your vehicle and your ability to repay the instalments afterwards. To get started with the application process, you will need to provide proof of ownership of your vehicle and its logbook.

An added advantage of a logbook loan is that you are able to repay it early if you obtain extra funds and you will not have to worry about being penalised for doing so (unlike with so many other loan products out there). There are various options available with regards to making repayments as well.

Enquire online right now to find out how you can use a logbook loan to finance your next dream holiday or big family event.

Please note: The content provided in our blog posts is for informational purposes only, and does not constitute lending advice, nor does it claim to portray the actual lending experience accurately.