Enter Your Reg Click Here!

Convenient Logbook Loans in Wyllie

Enquire Online Today! - 29 Nov 2020

logbook loans Wyllie

Logbook Loans Wyllie


Unlock the value in your car easily with Wyllie logbook loans

Wyllie logbook loan quotes

You could carry on driving your car and have anything from £400 to £50,000 in your account on the same day. Providing there is no finance on you car your loan can be approved and money arranged in as little as 24 hours!

Wyllie Logbook Loans have increased in popularity as you aren’t required to undergo the checks and hassles that other loans require. They could be the perfect lending solution if you have had a loan application refused in the past.

The money borrowed can be spent on anything you like too... some like to clear debts with the money whilst others spend it on holidays or a cashflow boost, with Logbook Loans the choice is yours.

Risk-free quotes: Get a free no-obligation quote to see just how much you could release from the value of your car without having to commit.

Accessible loans: You’ll be pleased to hear that your credit history might not scupper your application. Great if you’ve been refused before!

Keep your keys: You can stay mobile by keeping on driving your car whilst benefitting from the amount borrowed.

60secs online application: You can apply for a quote for Wyllie Logbook Loans in just a minute with our online application form!

Loans for any usage: How you want to spend the money you receive is completely up to you. You have complete freedom to spend the loan as you wish.

Loans to suit you: Not all loans ’out the box’ suit everyone, so have a chat with an advisor to see how a Logbook Loan can work for your own situation.

Thankfully it’s a simple process applying for Wyllie Logbook Loans, in fact all you need to do is complete the short application form on this page with some basic information, a short time after you apply you will be contacted direct to discuss your lending needs further.

With obligation-free quotes delivered direct, why not apply online to see how much you could lend with Wyllie Logbook Loans?

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 Wyllie lenders might limit the borrowing to cars under 8 years of age, the lenders on our Caerphilly 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 Wyllie

What About My Classic, Vintage or Prestigious Car?

Your vehicle is the basis for a V5 loan, so the current market value dictates the amount you can borrow. For that reason all makes and models are considered eligible, so if you are in Wyllie and own a classic, vintage or even a prestige car such as a Rolls-Royce, Bentley, Aston Martin or Mercedes then your vehicle may be eligible to be borrowed against. Simply enquire online to find out.

no credit check Wyllie logbook loans

No Credit Check Logbook Loans?

All logbook loan applicants are actually credit-checked, making this a popular misconception. It has been brought about because a V5 lending is often more attainable for those with poorer credit scores as a car is used as security throughout the loan period. Having a credit check shouldn’t put you off from enquiring however as you may well be eligible to borrow the money you need, so why not find out today!

loans for self employed in Caerphilly

Self-Employed? You Could Still Borrow

Most Caerphilly lenders want proof of regular income which makes it very difficult for the self-employed in Wyllie 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!

Wyllie business v5 loans

Looking for a Business Loan?

Are you interested in a logbook loan for your Wyllie 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.

£400 to £50,000 - Example Amounts

You can lend from £400 up to £50,000 with a V5 loan... or up to 80% of your vehicle’s current market value. Such a large borrowing range covers most lending requirements. To get an idea of the amount you could borrow with your car’s market value look at the table 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

Loan Value Calculator

Use the sliders to see how much you could lend against your logbook in Wyllie, up to a maximum 80%.

7000
80%

£5600

Frequently Asked Questions

It’s only natural to have a number of questions regarding V5 loans, so we have compiled a series of answers to the more frequently asked questions. Please get in touch to discuss any element of Wyllie logbook loans further.

How does a V5 Logbook Loan work precisely?

It is a type of secured loan which provides a convenient and simple way of obtaining money for Wyllie residents, and all credit rating is considered. The amount you’re entitled to borrow is normally determined by your vehicle’s value, and the amount you are able to repay, instead of your employment status or credit history. This means that Caerphilly residents, even if they’re self employed, or suffer from poor credit rating may still qualify for the loan; provided they can afford to repay it. You basically borrow the cash on an understanding that in case you do not pay the money back in the stipulated time, the lender can re-possess your vehicle.

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 Caerphilly 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.

What makes a V5 Logbook Loan a good idea?

If you are struggling to get approved for a loan in Caerphilly 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 Caerphilly, own a car or have very little finance you simply need to avail the logbook, and you can obtain a loan quickly.

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

Wyllie 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 Caerphilly lenders won’t grant loans to those who cannot afford the repayments. To find out more simply get in touch today!

I’ve got a poor credit score... does that matter?

If you’ve got a bad credit profile and you are looking for Wyllie loans, you may be able to borrow by using your V5 document as security. Such loans work on the idea that if you have a car, you can use it as collateral to obtain a loan. Because of this, Caerphilly residents with bad credit score may still be eligible to secure a loan with V5 lenders, as compared to the more conventional Caerphilly loan lenders. Moreover, the loan application process is simple, the necessary requirements are straightforward, and you can often get access to your money on the same day.

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

Responsible lending entails only lending money to Wyllie 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. Wyllie 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.

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.

Do V5 Loans show up on HPI checks?

V5 loans should show up on any HPI checks, and are displayed as a Bill of Sale agreement. However, this isn’t always the case. In case you conduct the HPI check, and follow the purchasing guideline, then you’ll be protected by the HPI guarantee in case it turns out that there’s a V5 loan against the vehicle.

What are the repayment durations?

You can choose to repay your loan in either 12, 18 or 36 month instalments. What’s more there is no penalty for settling your loan early so you could save money on monthly interest payments by repaying your loan sooner.

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.