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Quality Logbook Loans in Hillesden

Enquire Online Today! - 29 Sep 2020

logbook loans Hillesden

Logbook Loans Hillesden


If you need quick cash then Hillesden logbook loans are for you

Hillesden logbook loan quotes

If you’re looking to get a loan that’s convenient where you can still drive your car then this could be the solution for you! The loans can be arranged very quickly too... if your vehicle is finance-free you could get the money in just 24 hours!

Hillesden Logbook Loans are a great way to secure yourself a loan whilst avoiding the usual hassles and checks that other loans need. If other loan types have refused your application recently, then this could be the answer to your money lending needs.

It doesn’t matter what you wish to spend the money on either... how about clearing some other debts, or putting some money aside for a holiday? The choice is entirely yours to do what you like with the money.

No-obligation quotes: There’s no commitment necessary, so why not get a free quote to see how much you could borrow with a Logbook Loan?

Accessible loans: You won’t have to worry about a poor credit history too with a Logbook Loan as your application could well be approved.

Stay mobile: Drive your car for the entire loan period whilst receiving the money loaned against it with a Logbook Loan.

60sec application: Apply online for your free Hillesden Logbook Loan quote in just a minute with our online application form.

Your money to spend: You can spend any money borrowed however you wish, you aren’t restricted in any way. Your loan, your money.

Loans to suit you: Your new loan can be tailored to suit your own individual lending requirements, so get in touch to discuss your own lending needs.

Applying for Hillesden Logbook Loans is a simple straightforward process, on this page you can see a short online application form that won’t take more than a minute to complete, finally you will be contacted by a Logbook Loan specialist who can provide you with a free quote and further information.

With completely free Hillesden Logbook Loan quotes available, why not find out just how much you could be lending?

logbook loans for older cars

Do Older Cars Qualify For Logbook Loans?

Yes! Well with us they do... though that’s not always the case with other Hillesden V5 lenders. Many other Buckinghamshire companies will limit the age of an eligible vehicle to just 8 years whereas our lenders base the loans on the value of your car, so age isn’t as important. That means if you drive an older car then you could still borrow against it, and with loan amounts of £400 up to £50,000 there is every chance your vehicle will qualify. Enter your registration to find out today.

loans against classic, vintage and prestige cars in Hillesden

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 Hillesden 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 Hillesden 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 Buckinghamshire

Self-Employed? You Could Still Borrow

Most Buckinghamshire lenders want proof of regular income which makes it very difficult for the self-employed in Hillesden to get a loan of any type. A loan against your car uses your vehicle as security against the loan which reduces the risk to the lender, meaning you may still be eligible if you work for yourself. You will still be required to prove that you can afford the monthly repayments as part of responsible lending requirements. If you’re self-employed apply today!

Hillesden business v5 loans

Looking for a Business Loan?

Are you interested in a logbook loan for your Hillesden business? It’s certainly possible to enquire with lenders about business loans, though they do have a few requirements. The car used as security will need to be in the name of the enquirer, or if it is registered in the company name, then the enquirer’s name should also be included in the company name. For example, John Davis may be able to obtain a logbook loan if his car is registered under Davis Contracting. Check with your individual lender for more information.

Borrow Anything From £400 - £50,000

If you qualify you can borrow up to 80% of your car’s market value which can be anything from £400 up to £50,000. This broad lending range covers most requirements. So you can get an idea of how much 80% equates to against your car’s value take a look below:

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

Online Loan Calculator

Our online calculator lets you input your car’s approximate value and loan percentage to get an idea of the total loan amount.

7000
80%

£5600

Hillesden V5 Logbook Loan FAQs

It’s only right that you have all the information you need before proceeding with your Hillesden logbook loan application. Here are a list of answers to the more frequently asked questions we receive:

How do Buckinghamshire V5 Logbook Loans work?

Borrowing against the value of your car, or V5 loans are a form of secured lending where Hillesden borrowers temporarily transfer ownership of their car via the V5 document in exchange for an agreed amount. You need to own the car yourself (although a small amount of finance is allowed) then you simply hand over the V5 document to the lender. You can borrow up to 80% of the car’s current value, and repay the loan in instalments up to 36 months (early settlement is not penalised). V5 loans are popular with Hillesden residents as they are frequently more accessible to those with lower credit scores that might have been refused elsewhere.

What documents will the provider need?

The process of enquiring for a loan is simple, but you’ll need to make sure that you have all the right documentation. You will need a photo ID as proof of identity, your V5 document for proof of ownership, a copy of your current insurance policy, a recent utility bill in your name to prove your Buckinghamshire address, a current MOT, and either a bank statement or recent payslips to show that you have the income required to successfully repay your loan.

Are Hillesden Logbook Loans a good idea for me?

If your circumstances mean that you have been refused a loan elsewhere then applying for this type of loan could help you lend the money you need. By using your car as security, V5 loans are more accessible to Buckinghamshire residents who have less-than-perfect credit scores, or simply need to release some quick money from the value of their car. If you own your car and can afford the repayments then a V5 loan can be a good idea.

What about Hillesden V5 Loans and unemployment?

It can be difficult for the unemployed to take out any type of loan. As part of a responsible lending approach Buckinghamshire logbook lenders need to be satisfied that you can make the payments every month so you minimise any risk of losing ownership of your car. As all situations are different, it is advised that you get in touch via the form on this page to discuss the lending options available to you.

What about Buckinghamshire 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 Buckinghamshire loan lender will need you to hand over the vehicle’s V5 document or logbook, alongside some other requirements like Hillesden billing address, proof of identification, MOT certificate and proof of income.

I have no proof of income, can I still borrow?

If you own a car that’s registered in your name you might still be able to get a logbook loan, however you need to prove that you’ll be able to afford to make the repayments. As part of responsible lending, Hillesden v5 lenders have to ascertain that you will be able to make the payments as needed, so that you do not end up losing possession of your car. You should get in contact to discuss your particular situation. Fill in the above form to hear directly from an advisor who will take you through the available options.

Who is responsible for car maintenance?

Most logbook lenders will ask that you maintain your car so that the value remains the same (or close to the same) throughout the duration of the loan period. This maintenance includes regular servicing, MOT checks, and automobile insurance, among other things. You will need to notify your lender if anything reduces the value of your car significantly, including damage or mechanical problems. However, your lender will expect some additional mileage and the usual wear and tear throughout the loan term.

Are Logbook Loans visible on a HPI check?

A HPI check should clearly show a loan present as a ’Bill of Sale Agreement’. A rule was introduced that requires all Buckinghamshire lenders to register any active loans against a vehicle with companies such as HPI. If for any reason you find that there is an existing loan against your vehicle which was not visible on a HPI search then under the HPI guarantee you are entitled to a reimbursement of up to £30,000.

How long are the loan repayments?

Logbook lending repayment periods can take up to 36 months, which means that you get to spread the repayment for a long period of time. You can decide to make your repayments based on the schedule you’re comfortable with. You can choose the 12 months repayment period, the 18 months repayment period or the 36 months repayment period. Also, if you choose to repay the loan early, you will not be penalised.

If you still have any unanswered questions regarding borrowing against your vehicle then simply get in touch direct using the form you can see above. An advisor will call to discuss your requirements and answer any queries you have.