Compare Logbook Loans

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Logbook loans are popular today with there being less demands asked from the competing lenders. Past bankruptcy and CCJs for example are still accepted and self employed applicants get the green light. Car Cash Point who came out with the lowest price today in fact don’t even require a credit check (Edit: Easy Logbook Loans are now #1). What’s important is that the applicant can show that they can afford to make the repayments. The lenders are less strict since these are secured loans whereby the lender is handed the legal right of the owner’s car (or other vehicle) over the duration of the loan term. Logbook lenders have only recently started to be added here and so there are a few companies that will be added soon. See the notes for further information surrounding these loans.

Compare Logbook Loans…

Varooma (2011)

Account login and SSL: No
Available: £500 to £5000 (£50,000)
Locations: Not stated
Total 52 Week Charge: £668 per £1000
Total Monthly Interest: 5.57%
Term: 3 to 24 months
Trade Association: CCTA members

+ Best price for logbook loan
+ Largest figure of £50,00 possible (shared)
– No account login and SSL

Easy Logbook Loans (2011)

Account login and SSL: No
Available: £500 to £15,000
Locations: Not stated
Total 52 Week Charge: £959.96 per £1000
Total Monthly Interest: 8%
Term: 1 to 24 months
Trade Association: CCTA members

+ 2nd best price for logbook loan
– No account login and SSL

Car Cash Point (2010)

Account login and SSL: No
Available: £500 to £50,000
Locations: 1 (have nationwide representatives)
Total 156 Week Charge: £3600.44 per £1000
Total Monthly Interest: 9.23%
Term: Just above 18 to 36 months
Trade Association: CCTA members

+ Largest figure of £50,00 possible (shared)
+ No credit check logbook loan
+ You can repay early at any time
– No account login and SSL

Logbook Loans (1999)

Account login and SSL: No
Available: £400 to £5000 (£50,000)
Locations: 100s (not specific)
Total 52 Week Charge: £1271.88 per £1000
Total Monthly Interest: 9.78%
Term: 12 to 48 months
Trade Association: CCTA members

+ Highest number of branch locations
+ Largest figure of £50,00 possible (shared)
+ Most experienced service (1999) (shared)
– No account login and SSL
– The £50,000 is possible for new customers. All figures above £5000 must be called through

V5 Loans (2003)

Account login and SSL: No
Available: £500 to £20,000
Locations: 1 (have nationwide representatives)
Total 78 Week Charge: £2888.28 per £1500 (£1925.52 per £1000)
Total Monthly Interest: 9.87%
Term: Not stated
Trade Association: CCTA members

+ You can repay early after 1 month
– No account login and SSL

Loans 2 Go (2000)

Account login and SSL: No
Available: £250 to £5000 (£25,000)
Locations: 56
Total 4 Week Charge: £100 per £1000
Total Monthly Interest: 10%
Term: 12 to 60 months
Trade Association: CCTA members

+ You can repay early at any time
– No account login and SSL

Mobile Money (1999)

Account login and SSL: No login
Available: £200 to £25,000
Locations: 38
Total 78 Week Charge: £1613.98 per £800 (includes document fee at £30)
Total Monthly Interest: 10.35%
Term: Not stated
Trade Association: CCTA members

+ Most experienced service (1999) (shared)
+ You can repay early after 1 month
– No account login
– Requires document fee

AutoMoney (2009)

Account login and SSL: No
Available: £100 to £5000
Locations: Around 30 (and Meeting Points)
Total 4 Week Charge: £20 per £100 (and document fee at £25)
Total Monthly Interest: 20% (45% for 4 week loan with fee)
Term: 18 months only
Trade Association: CCTA members

+ Nothing to pay for 60 days (likely has term restrictions in place)
+ Having just the set term only would usually score a lender down, but you can repay early here after just 1 week
– No account login and SSL
– Requires document fee

Notes:
– Remember that this is a secured loan and that the lender has the full legal right over the duration of the term.
– The car would usually have to be no older than 10 years, although some lenders will make exceptions to this.
– The costs can get expensive here and so repaying early is always recommended.
– The loan figure granted will typically be around 50% of the car’s value.