The UK's Top 10 Most Popular Cars used for Logbook Loans

03.01.2024 by Paul H

Greetings, dear readers! It's Paul Hilburn, your favourite Logbook Loan guru, can now reveal the figures for 2023 of the top 10 most popular used for log book loan.

LoanOnYourCar.co.uk held UK car owners to unlock the equity tied up in their cars from £500 - £150,000, subject to affordability and credit checks. You will not need to travel. Everything can be quickly agreed upon from home, and LoanOnYourCar.co.uk guarantees your privacy.

LoanOnYourCar.co.uk serves a broad range of clients throughout the United Kingdom. We are personable and will always do our best to find the ideal path forward for you.

By working with LoanOnYourCar.co.uk, our clients receive a bespoke credit arrangement. If you're interested in learning more about using your car to raise funds, apply directly at LoanOnYourCar.co.uk or call 0333 577 5000 and speak to one of our expert loan consultants. LoanOnYourCar.co.uk will begin by inquiring about the car you'd like to use as security for the loan, your timeline, and your desired loan amount. And will aim to release the cash into your bank within 60 minutes of your application.

THE UK'S TOP 10 MOST POPULAR LOG BOOK LOAN CARS FOR 2023 FROM LOANONYOURCAR.CO.UK

1. Ford Puma: It was controversial when Ford revived the Puma name, previously associated with a niche but beloved, sporty 1990s coupé. However, its sales success is evidence that the tactic paid off, especially with its reputation as one of the best-handling and most practical cars in its class.
2. Nissan Qashqai: The Nissan Qashqai, a compact SUV, marked an all-time high in sales last year, becoming the UK’s best-selling car overall. With a fresh design, clever technology, and a hybrid "e-Power" variant, it continues to be a popular choice.
3. Vauxhall Corsa: Despite facing tough competition from higher-riding crossovers, the Vauxhall Corsa holds its own. With handsome looks and various power choices, including a pure-electric variant, it remains a strong contender in the supermini market.
4. Kia Sportage: The Kia Sportage family SUV, relaunched in 2022, boasts modern styling, excellent interior quality, and a range of powertrain options, including a plug-in hybrid model. It competes well in a crowded market, standing out among rivals.
5. Hyundai Tucson: The Hyundai Tucson offers fierce competition in the family SUV market. With a smart exterior design, advanced features, and a range of powertrain options, it appeals to a broad range of buyers seeking efficiency and style.
6. Tesla Model Y: Tesla's Model Y, a crossover building on the strengths of the Model 3, gained popularity with bursts of deliveries. Despite some ride quality concerns, its spacious and competent design, along with Tesla's Supercharger network, make it a compelling choice for electric vehicle enthusiasts.
7. Mini Hatch: The Mini Hatch, known for its premium feel, sporty handling, and retro styling, remains a top choice among UK buyers. With various models, including a pure-electric version, it continues to compete strongly in the market.
8. Nissan Juke: The Nissan Juke, a smaller sibling to the Qashqai, made it into the top 10 thanks to a bumper month of sales in March. Its attractive design, fuel economy, and competitive pricing contribute to its popularity.
9. Vauxhall Mokka: A longstanding favorite, the Vauxhall Mokka competes well in its class, offering fresh styling, compact dimensions, and a range of trim levels and engine options. The availability of a pure-electric Mokka-e adds to its appeal.
10. Audi A3: The Audi A3, maintaining its position among the top sellers, provides an upmarket alternative in the hatchback market. With various body styles and powertrain options, including a plug-in hybrid version, it continues to attract buyers looking for versatility and sophistication.

LoanOnYourCar.co.uk is a leading UK logbook loan lender authorised by the Financial Conduct Authority (FCA). As the 'UK's No.1 Trusted Logbook Loan Lender' on Trustpilot, our commitment is reflected in our 5-star customer reviews, providing borrowers with a trusted and proven solution for quickly accessing cash using their vehicles.

What sets us apart? We specialise in logbook loans, offering a streamlined and preferable solution for individuals seeking immediate cash from their vehicles. Through a same-day cash loan, we empower car owners to access equity while retaining full personal use of their vehicles. Our approach distinguishes us from other vehicle equity release providers, as we utilise a modern hire-purchase agreement instead of the traditional Bill of Sale.

Loan Sizes and Terms: With loan sizes ranging from £500 to £150,000, we offer flexibility to borrowers, providing up to 65% of the car's trade value based on a CAP HPI expert market valuation. Our loan terms range from 12 to 60 months, allowing customers the freedom to settle the loan early without any penalties. Additionally, borrowers can make overpayments and benefit from reduced interest on the lower balance. And To ensure responsible lending, our loans are subject to an affordability assessment, a credit check, and a review of the latest three months' bank statements. These measures contribute to a transparent and responsible lending process.

Interest Rates: Our competitive interest rates, ranging from 6% to 10% per month, depend on the required loan size, providing borrowers with fair and transparent terms.

Digital Lending Experience: As a digital lender, LOYC simplifies the application process, eliminating the need for home visits or visits to a physical location. We conduct a video inspection of the vehicle through platforms like WhatsApp or FaceTime. With a typical approval time of 60 minutes, funds are transferred into the client's account within minutes, ensuring a seamless and efficient lending experience

If you're interested in learning more about using your car to raise funds, apply directly at LoanOnYourCar.co.uk or call 0333 577 5000 and speak to one of our expert loan consultants.

Rev your financial engines with me, Paul Hilburn – The Logbook Loan Guru! Ready to turn your car into cash? Let's hit the road to financial freedom!