Although log book loans are a household name these days, and the name really does sum up what it is, there are still a lot of unknowns about what kind of vehicles are suitable for a loan, how much you can raise with a logbook loan, how long it take to get an appointment, how soon the loan funds are paid and how much the loan will cost.
V5 Solutions is one of the most responsible and open logbook loan lenders and we will guide you through all these questions and dispel all the myths about logbook loans.
These days, more and more people are turning to alternative financing to satisfy their financial needs. A logbook loan is simply a loan secured against a vehicle that you own. The name is derived from the log book (V5 or Registration Certificate) that is retained by the lender at the time the loan is taken out. Logbook loans are also known as Title Loans in the USA or V5 Loans in the UK.
Over the past 12 years V5 Solutions has built up an enviable position as one of the UK’s oldest and most experienced log book loan companies. With our wealth of experience we have offered loans to many thousands of satisfied clients and against a wide variety of vehicles including Classic VW Beetles, Aston Martins, Tractors, HGV lorries, motor-homes, caravans, normal cars, motorcycles, scooters and even Trikes! To get started you simply must own a vehicle to use as security against your borrowings.
All these vehicles have the following key qualifying criteria in common:
- They are all free of finance at the time the loan was taken out.
- They are all owned by the client outright.
- They are usually taxed, MOT’d and insured.
- They are all in good condition for their age.
Don’t despair if your vehicle isn’t Taxed, MOT’d or Insured as we can usually pay for these out of your loan funds.
To find out whether your vehicle is suitable for a V5 Solutions logbook loan simply enter your registration details here and after a couple of minutes our ingenious systems will work out how much you can borrow and you can apply for the loan immediately. We’ll be in touch with you after a few minutes to book an appointment with you and answer any questions you might have. It’s really that easy!
Your vehicle should ideally be less than 8 years old but this depends on the vehicle’s Make, Model and current Mileage. This changes vastly from vehicle to vehicle and from year to year. Our systems cleverly detect what your car is and work out how much we can lend you. This takes a matter of seconds and you’ll have your loan offer within a few clicks of the mouse. So if you need a fast logbook loan Apply Now and you could have the loan paid out within a couple of hours.
Please see our Representative Example at the bottom of the page.