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First-Rate Logbook Loans in Moseley

Enquire Online Today! - 16 Oct 2019

logbook loans Moseley

Logbook Loans Moseley


Got a car and need quick cash? Try Moseley logbook loans

Moseley logbook loan quotes

If you need £400 to £50,000 and want to be able to carry on driving your car then this could be the perfect solution. The money can even be yours in less than 24 hours providing your car doesn’t have any finance attached to it!

Now amongst the most popular ways to secure a fast loans, Moseley Logbook Loans are hassle-free and you don’t have to jump through hoops like other loans. Have you applied for other loans and been declined? You might be more likely to get the funds you require with this type of loan.

Any funds borrowed against your vehicle can be used for any purpose... with complete flexibility with the finances you could pay off some debts, boost your cashflow or even treat yourself to a holiday, the choice is yours!

No obligation: Hundreds of people apply for a free quote every single day! Why not get your free no-obligation quote today?

Refused loans? If you’re frustrated at other loans declining your applications then you might be in luck with a Logbook Loan as they are very accessible!

Keep your keys: Get a loan against the value of your car but keep the keys! You can carry on driving your car for the duration of the loan.

Apply online in 60secs: It only takes a minute of your time to complete the simple form on this page with a few details.

Any purpose loans: Your new loan can be used for any purpose you like such as paying off some other debts or going on holiday, whatever you choose!

Loans that suit you: If you need to lend money over a longer duration then speak to the specialist who can factor in your own specific needs.

Luckily our site makes it easy to apply for Moseley Logbook Loans, just take a moment (less than a minute!) to tell us about yourself and your vehicle using our online form, a loan provider will then get in touch direct to discuss your requirements further.

See how much you could borrow against the value of your car with a free quote for Moseley Logbook Loans.

logbook loans for older cars

Logbook Loans For Older Cars? Absolutely.

If you’re wondering whether your older car is still eligible for a loan then you may be in luck. Some other Moseley lenders will limit the age of an eligible car to 8 years, but the lenders on our West Midlands network focus mainly on the current value of your vehicle which means that older cars may still be eligible. It’s easy to see if your car meets the criteria... simply complete the short enquiry form you can see above.

loans against classic, vintage and prestige cars in Moseley

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 Moseley 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 Moseley logbook loans

No Credit Check Logbook Loans?

Sadly this isn’t actually the case, and is a misconception about V5 loans but it shouldn’t put you off from enquiring. Even though all applicants are actually credit checked, because you are using your vehicle as security you may find that a V5 loan is more attainable than other forms of loan making them particularly popular with those with poorer credit histories. So if you’ve been refused in the past you may find this type of loan is your best option.

loans for self employed in West Midlands

Self Employed - Been Refused Elsewhere?

It has always been a problem for the self-employed in Moseley to get a loan as most lenders want to see a more secure income. West Midlands Logbook lenders however can often be more sympathetic to these situations as your car is secured against the loan total during the repayment period. With any responsible lending however, you will still be required to prove that you can afford to make the monthly repayments, so get in touch today.

Moseley business v5 loans

Looking for a Business Loan?

Are you interested in a logbook loan for your Moseley 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.

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

West Midlands Loan Calculator

Want to know how much you could borrow against your car in Moseley? Use this handy calculator to show up to 80%.

7000
80%

£5600

FAQs About Moseley V5 Loans

If you’ve got any questions about Moseley logbook loans then you may well find the answer in the list of FAQs we have compiled below. If not then please get in touch via our form and we’ll happily advise further.

How exactly do West Midlands Logbook Loans work?

A loan using your V5 document is a loan that’s secured on your car, so the lender owns your car until you repay the loan. When taking out a loan of this type, you’ll be asked by the lender to hand over the car’s V5 registration document or logbook. You can keep using your car as you repay the loan. You won’t get the logbook back until you have cleared the debt. If you default on the loan payments, your car can be seized by the lender.

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.

Why might a Logbook Loan be a good idea?

If you live in Moseley, have bad credit history, have been refused a loan elsewhere or simply need some fast money to spend on whatever you like then getting a loan against your V5 document can be a good idea. Using your car as security makes this type of loan more accessible to West Midlands residents with poor credit scores which is why they are so popular nowadays. So long as you can afford the repayments then they could be the answer to your lending needs.

Can unemployed persons secure a Logbook Loan?

To be eligible for Moseley loans against cars, you need to own a vehicle that’s registered in your name (or very nearly own it on finance). A perfect credit history and full employment status are not always a strict requirement, however, you must be able to provide proof that you will be able to make the repayments on your West Midlands loan, without delays. It’s part of a responsible lending culture amongst lenders.

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

If you’ve got a bad credit profile and you are looking for Moseley 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, West Midlands residents with bad credit score may still be eligible to secure a loan with V5 lenders, as compared to the more conventional West Midlands 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.

Is it a problem if I can’t prove my income level?

In order to qualify for Moseley logbook loans you need to be able to prove that you can afford the monthly repayments. Responsible lending means that West Midlands V5 lenders will not offer you a loan unless they are certain that repayments can be made. This is to avoid you going in to arrears and risking losing your car. If you can’t prove your income then get in touch today to discuss your options and see if you’re eligible for a V5 document loan.

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.

Will a HPI check show a Loan?

Any loans taken out against the car are normally recorded on a database which is known as the HPI Index where anybody can check for the vehicle’s history prior to purchasing it. When you do a HPI check, you will get to know the vehicle’s true financial history. The HPI check report will also show you the vehicle’s history including; whether the logbook is legitimate, insurance write-off, previous number of owners, previous number plate changes, potential mileage discrepancies, and more.

What is the repayment duration?

Your loan can be arranged with either a 12, 18 or 36 month duration and since there are no penalties for early repayment you can save money on interest payments by settling the account early.

If there are any other questions you would like answered then use the form above to get in touch direct to an advisor. They’ll help answer any queries you have and determine whether a V5 loan is the right solution for you.