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About Logbook Loans

Logbook loans are a means to borrow money using the value of your car as collateral. Compared to other forms of personal credit logbook loans are a quick, simple, and hassle-free method of obtaining short-term cash. You can borrow up to 65% of the trade value of your car, while still owning and using it at your discretion. Is it good value, or to be avoided? We'll take you through the details of logbook loans so you can decide if they're a good option for you and your immediate circumstances.

Logbook Loan Regulations

Ordinarily, the logbook loan process is regulated by the "Bills of Sale Act of 1878." Bills of Sale saw a huge upsurge in popularity throughout the early parts of this century and are the most common route regulated by the FCA Financial Conduct Authority).

Though still largely in use by many reputable companies, there are significant downsides, both legal and practical, to this system.

Among the principal concerns for a would-be customer are:

  • They allow goods to be repossessed if there is just one missed payment, offering little protection to the borrower.
  • They give no protection to customers who buy goods subject to ‘Bills of Sale’ rules without knowing it.
  • They are inflexible and can hinder the transaction process when secured guarantees and revolving credit are a factor, even with high net-worth customers.
  • They are expensive and burdensome to loanees.
  • All loans have to be registered with the court, meaning a longer loan consolidation period and more paperwork.

Here at, we want to make your experience as easy and cost-effective as we can, so instead of operating under the aforementioned ‘Bills of Sale’ rules and restrictions, we process all our applications under the governance of a regulated Hire Purchase agreement regulated under the Consumer Credit Act 1974.

For the customer, this means much greater protection from any defaulted arrangements on the company's side and greater financial monitoring for the consumer. Essentially, it also allows the whole process to be transacted from home, and in literally a couple of hours (sometimes minutes), the money can be in your account, hence the much-used term "same-day logbook loan."

The following article will focus on:

  • What are logbook loans?
  • Can you obtain a logbook loan with outstanding finance on your car?
  • How expensive are logbook loans?
  • Are logbook loans safe to take out?
  • Does the FCA control logbook loans?
  • Can logbook loans result in losing your car?
  • Do logbook loans affect your credit rating?
  • Do logbook loans appear on HPI checks?
  • What are the alternatives to logbook loans?

The Article Conclusions:

  1. Logbook loans are a proven and flexible way to borrow funds secured against your car
  2. You can still drive your car, whilst the loan is live
  3. Logbook Loans are FCA approved

If you're interested in learning more about logbook loans, you can apply directly at any time for a Logbook Loan 247. Fill in our easy to complete application form or call 0333 577 5000 and speak to one of our expert loan consultants to arrange your logbook loan money.

Do you own a motorcycle, van, or car and need quick cash funds? If so, you can use your vehicle to obtain a logbook loan. These loans are simple and quick to obtain and will be subject to an affordability assessment and a credit check. And of course, depending on the lender, it can be completed the same day. This is in stark contrast to the expensive and difficult payday loan and high-cost short-term credit options you may have seen, offering quick access to cash often with 000s% APR's.

This article examines logbook loans and considers whether they should be used as a source of funding. When you choose to take out a logbook loan, you should know that they are regulated, and ask about your total monthly repayments and the options to repay early. This article will help reassure you that lenders such as, put the customer at the heart of their business ethos, which is why we have almost 400 Five Star Trustpilot customer reviews!. Find out if a logbook loan is right for you by reading on.

How do logbook loans work?

Loans secured by a vehicle, such as a car, van, or motorcycle, are known as "logbook loans." Although ownership of the car has been passed to the lender, you are still allowed to use it until the entire loan, including all interest charges, has been repaid.

The legal ownership of the car is conditionally transferred to the lender as security for the debt using an effective bill of sale that has been properly registered in line with the applicable laws or via a hire-purchase agreement with direct digital lenders like Your V5 (log book) may be kept by some lenders, but generally, direct digital lenders will hold a copy, for the term of the loan.

Compared to hire purchase logbook loans, it’s advised not to use a lender using a bill of sale for your logbook loan, as it can present significantly higher risks for you. You must remember, your car is used as security against the loan, and the lender reserves the right to repossess the car for non-payment of the loan, provided the relevant default notices have been issued in accordance with UK law. Please note that only Bills of Sale Logbook Loans are applicable in England, Wales, and Northern Ireland. In Scotland, bills of sale are issued using a hire purchase agreement. are the Scottish No1 Trustpilot logbook loan, direct lender.

Can you obtain a logbook loan with outstanding finance on your car?

Can you get a logbook loan if you still owe money on your car, The answer is yes. It’s called Switch and Save. If you have finance on your car from a mainstream lender or indeed another logbook loan provider, you can switch today and save on interest repayments. Switch lenders to get the best deal.

Car owners can switch their logbook loan to and we will reduce your loan repayments by at least 10%. Plus, you may even be eligible to top up your loan, subject to our affordability and car value checks. Be aware that there is a requirement for logbook loan companies to be FCA-authorised. Always ask whether a company is registered with the FCA before considering any type of loan. Any company that isn't FCA-registered is doing business illegally, so avoid dealing with them. Any loan company that isn’t registered with the FCA is essentially a loan shark, so be aware. And of course, avoid high-cost short-term credit with high APR’s as you will be paying far more on interest than you need.

How expensive are logbook loans?

Logbook loans are effectively more expensive than borrowing from a mainstream bank but significantly cheaper than the expensive and more complex payday and high-cost short-term credit options. As you are using your car as security against the loan, rates have been adjusted downward, typical loans will range from £500 to £150,000, and interest rates will range from 6% to 10% per month. In the 1980s, logbook loans started to gain popularity as a source of financing for people who couldn't acquire credit elsewhere. Before the FCA (Financial Conduct Authority) started overseeing logbook loans in 2015, they were mainly unregulated. Interest is charged at annual percentage rates (APRs) from 200% to 400%. You might be astonished to learn that the UK logbook loan market is worth £80 million. The impact of car logbook loans is demonstrated by the 20,000 bills of sale and 2,000 hire-purchase agreements that make up this number. Since so many individuals are now resorting to logbook loans when they need immediate cash, it is obvious that the numbers will continue to rise over the course of the next several years.

Are logbook loans safe to take out?

Yes, logbook loans are extremely safe. The industry is regulated by the Financial Conduct Authority, and all loans are regulated under the 1974 Consumer Credit Act for your protection. Certain financial advice providers like to scare borrowers by telling them that their car is to be used as security and is at risk of repossession for non-payment. Yes, the car is secured against the loan, in exactly the same way a house or flat is secured on a mortgage or indeed a car purchased via a dealer on finance, but as with all those cases, repossession is a last resort. Think carefully before taking out a logbook loan. With every financial decision, it’s important to take the time to consider if the loan is right for you. Your loan will be secured against the vehicle, and missing payments could put the car at risk of repossession. Warning: Late repayment can cause you serious money problems. For help, go to

Therefore, you need to ensure you understand the total cost of credit and confirm the loan is affordable within your current monthly expenses. At, you can settle your loan early, penalty-free, at any time during the term, saving you money on interest repayments. However, before you complete the loan, you are advised to consider the total amount payable over the term of the agreement, including the total interest payable at the end of the repayment period.

Does the FCA control logbook loans?

Yes, the FCA now oversees the regulation of this sector, and from 2016, strict financial governance has been put in place to ensure that every customer is treated fairly, and all loans under logbook lending are subject to affordability, suitability, and the provision of a final assessment of income and expenditure. Today, the issue of affordable lending and excessive interest rates falls at the feet of payday loan and high-cost short term credit providers. It's possible that some people are turning to the less regulated lenders in the market because they are unable to obtain a logbook loan. Please select your loan provider carefully to ensure it meets the new, more stringent affordability standards.

It is advised to avoid expensive payday loans, as they take advantage of those with bad credit by charging higher rates of interest and are not subject to stricter regulations. Additionally, their rates are in the 000’% APR's, so you will repay a significant higher amount back than originally borrowed – be aware. Every time your payments are late, you will receive an expensive penalty. The total repayable can soon reach close to four times the amount borrowed because payday loans charge such high interest and penalties. Furthermore, as a payday loan is an unsecured loan, if you fall into default, the lender will come after you personally in a county court and issue you a Count Court Judgment [CCJ]. This will ruin your credit score and make obtaining credit much harder.

Can logbook loans result in losing your car?

Yes. You are giving the lender ownership when you sign a logbook loan contract with them. This will last until the loan has been repaid. According to the contract you signed, the lender has the right to repossess and sell your car to recoup the money you owe if you don't make your payments on time. With every financial decision, it’s important to take the time to consider if the loan is right for you. Your loan will be secured against the vehicle, and missing payments could put the car at risk of repossession. Warning: Late repayment can cause you serious money problems. For help, go to

Do logbook loans affect your credit rating?

Yes, every logbook loan lender will report your payment history to a credit-reference agency such as Equifax or Experian. Missing payments can have a negative effect on your credit score, but making your payments on time is the perfect way to improve your credit score from month to month, provided all other payments are maintained. Therefore, you need to ensure you understand the total cost of credit and confirm the loan is affordable within your current monthly expenses.

Do logbook loans appear on HPI checks?

Yes, every logbook loan lender will place a finance marker on HPI or a similar agency to let other finance companies and the public know there is finance on the car. Once the loan has been repaid, the finance marker will be removed.

What are the alternatives to logbook loans?

There are other alternatives to logbook loans, but don’t resort to expensive payday loans. Here is a list of some great alternatives:-

Get a loan from family or friends

The topic of borrowing from friends and relatives can be difficult. You don't want to confess that you need assistance. Make sure to put your request in writing before you ask someone for assistance or accept payment from them. This is done to keep them safe and increase their level of comfort with lending you money. Additionally, you should establish a repayment term that works for you both.

A bank loan

Many borrowers start their search for a personal loan or small business loan at their neighbourhood bank, but this can also be the most time-consuming and challenging application process.

You should think about your credit score before submitting a lengthy and involved application to the bank directly.

You can find out that the bank will reject your application at the "credit search" if your score is below ideal.

Other lenders will be able to perceive this as a bad entry on your credit history.

Doorstep Loans

Due to a small number of lenders' exorbitant interest rates, doorstep loans are gradually losing their appeal.

Not to mention, you have to consent to have loan repayment collectors knock on your door each week.

Pawn brokering

A pawnbroker such as is a person or company (also known as a pawnshop or pawn shop) that provides secured loans to borrowers instead of using the borrowers' own property as collateral.

Pledges, pawns, or simply collateral are terms used to describe the items that have been given to the broker as collateral.

Even though a wide variety of objects can be pawned, pawnshops often accept gold, watches, automobiles, motorcycles, boats, jewellery, musical instruments, home audio equipment, computers, video game systems, and other valuable items as collateral.

About Logbook Loans from

Who are

We are a UK-based, ethical, and responsible logbook loans direct lender, who specialises in logbook loans. We can be found on We are regulated by the Financial Conduct Authority and proud members of the Consumer Credit Trade Association.

We are the leading logbook loan lender in the UK and are extremely proud to be ethically focused and customer-driven. Our principal priority is to offer flexible lending solutions to work within your needs. We also promise to remain penalty-free and customer-conscious, so if you wish to pay off early or, indeed, if your finances improve and you wish to pay off larger amounts, that’s OK too. We will not charge you for getting ahead on your repayments.

We can only be found on, a leading UK compassion site. If you come via we promise to give you our vest best rate.

Our promise to you is a specialist in logbook loans, a cost-effective online logbook loan method that allows you to stay in control. We are fast, discreet, and flexible and will work with you to find the best terms for your personal situation and needs. We are exclusively an online lender, so no office visits are required, and everything can be done securely and easily from home.

We are family-run, privately owned and support a broad client base throughout the UK, many of whom have left 5-star reviews on Trustpilot.

Our team is diligent, informative, driven, and understanding, and will always seek the best solutions for our customers. If you own a family, SUV, prestige, or even a classic car, we can offer you a loan against its equity, so please give us a call at 0333 577 5000 or email us at to discuss your options.

Our company ethos began as a family-run company, and, despite our year-on-year success, we remain deeply attached to the unified principles of responsibility, efficiency, diligence, and professionalism throughout every sector of our business.

We appreciate that your time is precious, and with 30 years in the financial services industry, we are able to provide both expert and tailor-made solutions specific to your own situation.

But please don’t just take our word for it. Our client base has spoken in volumes, making us a Trustpilot top-ranked loan provider with 5-star "Excellent" customer reviews and featured on BestOfTheWeb and mummyfever.

Indeed, our experience and knowledge of the industry allow us to confidently and seamlessly manage each step of the process in a time frame and budget structure that are effective for you.

But that’s enough blowing our own trumpet. The proof is in the details, so please have a look through the following article to find out more about logbook loans and what can do for you. And of course, feel free to call us directly at 0333 577 5000 or email with any questions or for a no-obligation quote.

The rules we follow

As a direct lender, is regulated by the Financial Conduct Authority, and we are also a member of the Consumer Credit Trade Association.

We are fully General Data Protection Regulations (GDPR) compliant so that all customer information remains 100% confidential and no data is ever sold to a third party.

We will never ask you to surrender your Logbook V5C, and all our loans are provided fairly and with the greatest protection under consumer credit law.

Your loan is in safe hands

If this is the first time you have used an asset as loan collateral, or indeed the first time you have used our service, you’ll want to know what it is you’re signing up for.

This article will seek to clear up any questions and remove any confusion that may exist. We will also demonstrate where logbook loans differ from other types of logbook loans where your vehicle may be more at risk, and/or the loan works on less dependable principles.

So let's start with an important question: what exactly is a logbook loan?

"Logbook loan" is an industry term for equity secured against your vehicle. With a traditional logbook loan, once you sign over your vehicle, it becomes the official property of the loan company until the remittance is repaid in full.

During the time span of the loan, the customer may still use the vehicle, but if the debt cannot be repaid, it becomes the property of the loan company. They can then do with it as they wish.

Logbook loans are a form of financing, but they differ in some very important ways from other types of car finance agreements, such as hire purchases or conditional sales.

One of the key factors here is that it is your own vehicle (not supplied by the company), so quality standards and safety checks are not a factor in the loan company’s decision.

What about costs?

As an exclusively online logbook loans direct lender we can keep our own costs low, this means that we can charge a lower APR% amount compared to most lenders and have shown to be consistently below the average for the industry.

We do not charge for overpayments or even early settlements. It is our promise that you will receive a 10% reduction on your repayments if you swap to us from another logbook loan provider.

Our lending scope?

We offer equity loans ranging from £500 to £150,000, and by using an inclusive online process we can pay out funds on the very same day, often within 60 minutes

Applying with us is easy, too. Customers can go to our website anytime and enter their car registration for an instant decision.

Or if you prefer to hear a human voice, please call 0300 577 5000, and our experienced team is on hand to answer any questions you may have.

We are also available at and will reply promptly.

The small print in big print

We pride ourselves on being an ethical and accountability-driven provider, and these core values of responsibility and personal attention remain the key cornerstones of why we go to work.

To this end, it is extremely important to us that before entering into any loan agreement, you know the pitfalls and challenges so that you can properly and securely safeguard yourself against uncertainties.

Our lending criteria rules

We cover all kinds of vehicles in various states of condition, and providing the vehicle is under 10 years old and does not have any current outstanding finance, then a loan can be released against it.

We would advise that for loans on classic cars, vintage models, or prestige super cars, you visit our sister company,, which specialises in the luxury asset equity release market.

For the protection of all of our clients, we must ask that you only apply if you are the registered owner of the vehicle and if you are able to meet the repayment structure (including any interest) arranged.

Settling your loan

At, you can settle your loan early, or make overpayments penalty-free. This will save you money on interest repayments.

Fairer and Better Rates of Interest

We calculate interest using the ‘Flat Rate’ model, also known as the Fixed Rate. This model is both fairer and cheaper, as opposed to the ‘Front-Loaded’ interest model used by many other logbook lenders.

Let's review the fixed rate vs front loaded interest model

A fixed rate is a percentage of interest calculated from the original borrowed amount.

With this model, the cost of interest is always the same across each month and each year of the repayment period.

A front-loaded interest model is extremely common and is widely used in many finance-based industries, including logbook loans, online logbook loans, personal loans, car finance, mortgages, and the list goes on. It is generally the preferred lending method as it generates more interest for the company.

With this model, your repayments are first directed towards paying off the overall interest rather than paying the loan. As this initially does little to pay off the 'principal', or original loan, overall repayments will be higher.

Towards the end of the loan term is when this switches and the principal loan is covered as a larger portion of the monthly loan repayment.

Advantages of the fixed rate model

It is easy to monitor and track and requires no difficult calculations to combine the original loan and the required interest into one payment, as long as the repayments are made as arranged, the loan will be paid off evenly.

This is regarded in the industry as the fairer way to calculate and pay off the interest on an outstanding balance.

We encourage you to settle early is strongly committed to fair and just principles. As part of this, we allow early settlement on all our loan agreements without fear of charge or penalty, giving you the peace of mind of a paid bill.

If you do choose to settle early, you will only pay interest forthe duration of the loan; this includes the 28-day notice period. All interest will cease immediately once the loan is repaid, and you will NOT be liable for further interest.

Many of our competitors do things differently, with front-loaded packages, high-interest rates, and a minimum 3-month term being just a few of the potential downsides.

Some will also impose fees and penalties for early settlement or overpayments to cover their lost ballpark interest.

Here at, we want our business to be entirely visible and accessible at all times, and the key to this transparency is the ability to know where you stand at any given moment.

At any time when you aren't sure, please feel free to request an updated settlement figure, and if you do want to take advantage of our early repayment terms, simply contact our accounts desk.

Our logbook loan overpayment terms

We want our customers to remain in control of their finances, and as an integral part of this, we allow an unlimited number of overpayments against the loan, reducing your interest quickly.

We will then re-calculate the outstanding loan figure, and a new repayment structure will be in place by the next repayment date.

Please call our experienced collections team to arrange an overpayment by bank transfer. At the same time, the team will advise you of your new monthly payment and adjust your Continuous Payment Authority (CPA) and its amount.

CPA is simply the banking term for your permission to continue taking a specified amount from your bank account.

So be sure of your decision

Getting a loan for something you really want can be exciting and can lead to quick decisions, but we strongly urge you to consider things carefully first, to correctly weigh your finances, and to be sure of your projected financing before entering into any loan agreement.

One way to do this is by assessing your monthly expenditure against incoming funds, and making sure that you are able to comfortably repay.

If you should run into difficulties

Sometimes, despite our best intentions, life can throw a curveball at us and render all our financial planning redundant.

Should such an event create difficulties while loaning with us, as an ethical loan provider, we strive to do our level best to be compassionate and to arrange workable, fair and realistic terms to get you back on track.

For some very useful money management tips, please go to for financial advice and information.

To sum up

In conclusion, a logbook loan is a proven, preferable, and flexible solution for car owners looking to raise cash fast, often on the same day. As the UK's leading provider of logbook loans, have a proven history of providing outstanding customer service and an excellent lending option for borrowers looking to release the cash from their car.

If you are considering taking out a logbook loan, read our 100% genuine customer reviews of our logbook loans - here are a few of our recent customer reviews: -

"My request was handled expertly by the team. I wasn't too sure at first, but once they took the time to thoroughly explain everything and make sure I understood the procedure, I was really happy with the loan. I had a wonderful customer experience and received assistance from the team and Jeremy with a few of my problems. I received a thorough explanation of the entire procedure, and I was pleased with the outcome. Strongly advise using the team's services. Thank you, folks."

Experienced on: November 10, 2022


"I'm not the best with technology, but they helped me fast and in a nice kind way so I felt comfortable. The procedure was easy, and everything was finished by teatime. The opportunity to settle early with no penalty is a huge advantage for me personally."

Experienced on: November 9, 2022


"I applied as an existing client and was rejected. It's encouraging to learn that there are still some trustworthy lenders out there. Excellent experience: I'll give it another go in the future. Thanks"

Experienced on: November 4, 2022


"Amazing professionalism was displayed! They repeatedly clarified everything for me, and the personnel was really cordial."

Experienced on: October 27, 2022


Excellent and prompt service

"From start to end, this procedure was simple. Everything was completed from beginning to end in a single day, and the guys couldn't have been more helpful. Great service!"

Experienced as of: 10 October 2022

Why choose for your Logbook Loans

Logbook Loans are just what we do – we are the UK Logbook Loan experts. We are a privately held business and help a wide range of clients throughout the United Kingdom, including Logbook Loans in Scotland and logbook loans in Northern Ireland We are kind, polite, and respectful, and we always try to discover the best course of action for our clients.

By working with, our clients receive a bespoke logbook loan agreement.

If you're interested in learning more about logbook loans, you can apply directly at any time for your Logbook Loans, 24 hours a day, 7 days a week. Complete the application form at or call 0333 577 5000 and speak to one of our expert loan consultants will be happy to help.

We will begin by inquiring about the vehicle, your timeline, and your desired loan amount. customer news stories

So far in this article, we have sought to establish who we are, but this is nothing without a happy client base to back it up.

Below is a list of some of our latest completed loans, so please have a read-through to see what our customers have to say:

Property Developer Takes £25K Logbook Loan Against His Bentley To Fund Buy To Let Deposit were engaged by an experienced 'Buy to Let' property investor keen to expand his property portfolio. He used us to manage a logbook loan for £25,000 on his Bentley Continental GT, worth over £50,000.

The client said of his experience:

"The guys always provide great service; they are very nice people to do business with. The process was easy to follow, from sending documentation, video inspection, and payment of the loan. All was done efficiently and effectively. I received the funds straight away!"

Shropshire Based Entrepreneur Takes A £9K Logbook Loan To Fund Exciting New Business Opportunity was recently contacted by an entrepreneur who needed a £9,000 same-day logbook loan against his Range Rover Vogue, worth over £20,000.

The customer noted:

“I wanted to take advantage of an opportunity that required a large amount of money to fund. I wanted to take out the equity in one of my vehicles. I found online, and I have to say that I was well advised. The process was incredibly slick, and they completed the video inspection via What’s App within minutes and then even paid out the loan an hour later.

He added: “I only wanted to borrow from a direct logbook loan lender and not one of those 3rd party brokers." But what really appealed was the ability to settle the Logbook Loan quickly in a couple of months, penalty free”.

Online Drinks Retailer Owner Uses Logbook Loan As An Alternative To Invoice Factoring are delighted to support a sole trader with an online drink retailer. They sourced our business for an online logbook loan on their Range Rover for £9K as a quicker, cheaper, and more flexible alternative to invoice factoring.

They remarked:

“As a result of a number of outstanding customer invoices, our cash flow was beginning to suffer, and we needed a short-term cash injection to support the operational running costs of the business. I have used invoice factoring previously and it can take time to set up and is expensive over the short term. I looked for an alternative and found logbook loans, which meant I could use my Range Rover for security against a short-term loan."

He added: “I made an online application to and received a call back within 5 minutes. There was no small print, they explained the loan thoroughly. We completed a video inspection of my car, and it was very easy to provide the documentation online. "Really impressive.”

Family Takes A Short-Term Logbook Loan For A Dream Family Holiday To Florida were asked to complete a same-day logbook loan application for a family looking for short-term equity release on their BMW X5 to fund their dream summer holiday.

The client was overjoyed, stating:

Due to COVID, we hadn’t been on holiday for over 3 years, and the opportunity came up for a dream holiday in Florida. I had taken out a logbook loan before, so I knew I could take out a loan against my car until my work bonus was paid in a few months. "

He added: “I found online. They were a digital lender, which meant everything could be completed online, on the same day, without the need for a home visit.” He finished, “I only need the loan for 2-3 months maximum and would allow me to settle my loan early without a penalty – brilliant! I am very pleased with the service I got from Loan on your car. The standard of client service was faultless and professional. "

Homeowner Takes A Short-Term Logbook Loan To Fund Urgent Household Repairs just completed a same-day Logbook Loan on a Toyota RAV4 for a homeowner to help cover an unexpected household expense.

They said:

“We had a sudden and very unexpected expensive household repair and I needed to find some urgent cash, so I decided to take a Logbook Loan from after reviewing their customer reviews on Trustpilot—they were very good.”

He added: “What you see is exactly what you get. They completed the loan online, including a video inspection of my car, and released the cash to my account the same day.”

Horse Livery Stable Owner Takes Logbook Loan On His Horse Transporter To Fund Business Expansion is delighted to support the business expansion of the local Equestrian Centre and Livery Stables by providing a Logbook Loan against a Horse Transporter.

“Post COVID, our business levels at the Equestrian Centre have increased dramatically; we need to raise extra funds quickly to help with our expansion plans." I found on Bing when searching for Logbook Loans on commercial vehicles. "

He continued: “From the initial phone call, I received fantastic and helpful service, from all of the team. They are very professional and explained everything in detail to make sure I understood my obligation, a pleasure to do business with these guys. "

This is just some of our more recent loans, Should you wish to read more examples, please see this link:

Or alternatively check us out on Trustpilot here:

Representative Example:

If you borrow £1,000 over 36 months at a flat rate of 84% per annum [fixed] with a Representative 204.2% APR you will make 36 monthly payments of £97.98, making a total amount repayable of £3,592.28 including £40.00 document fee and £25.00 Option To Purchase fee. The total charge for credit is £2,660.00. Logbook Loan repayment length from 18 to 60 months. The maximum APR is 389.1%.

Your log book loan is secured against the vehicle, and missing payments could put the car at risk of repossession.

Warning: Late repayment can cause you serious money problems. For help go to