An Introduction To Car Logbook Loans

If you need to raise money quickly and have anything but a perfect credit rating then there are very few types of financial product that you can rely on. Banks and other high street lenders are less than willing to lend money to people following the economic downturn and this trend looks set to continue for some time. The alternative to personal loans and credit cards is a secured loan. Secured loans use property as collateral so that lenders have confidence that they will get their money back.

Car log book loans are one such form of secured loan. Rather than using your home or other building, car log book loans instead use your car, truck, or even motorbike as a form of security. You essentially sign the log book of your car over to the loan company and in return you not only get to keep driving the car but you will also receive a lump sum of cash that you borrow against the value of your car.

There are surprisingly few stipulations that you need to meet in order to be eligible for a loan. You obviously need to own your own vehicle and it needs to be free from outstanding credit. You also need to be aged 18 or over and be willing to enter the appropriate agreement to take on car log book loans.

Different lenders may also have other stipulations, including those regarding the vehicle. You will struggle to find lenders that will accept a vehicle that is 10 years or older, for example, and your vehicle should be in a good, roadworthy state. Car logbook loans are a short term financial vehicle that are aimed to help borrowers raise cash for emergency needs but they are any purpose loans so you can borrow the money for any reason.

There are always risks associated with borrowing money using secured loans. If you are unable to meet the repayments for your log book loan then the lender has the power to seize your vehicle, but as long as you ensure that you will have the repayments to hand then they can prove an invaluable way to borrow money quickly.


Car logbook loans from Cash4MyCar.tv are a beneficial and simple way to borrow money quickly. Depending on the value of your car, you may be able to borrow up to £50,000.