Top Reasons For a Logbook Loan
14.11.2022 by Jack H
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.
Here are the top six reasons why LoanOnYourCar.co.uk customers take a logbook loan.
1. Unexpected expenses for the home
Accidents do occur occasionally. These could have an impact on your family's home, and any necessary repairs could add up quickly. It might consist of:
- environmental harm
- burglary
- roofing repair
- removal of asbestos
- water stains
- pest prevention
A logbook loan might help you quickly and simply raise money if you have an issue that needs to be resolved right away.
2. Repairs to boilers
Repairing a boiler can be very expensive. It doesn't matter if it happens in the summer or the winter; a damaged boiler is troublesome and annoying. For your household, it could be risky because it could result in a gas leak that could be quite harmful. For the safety of your family, it is vital to resolve a boiler issue as quickly as possible. A boiler repair can typically be very expensive, and a logbook loan is the perfect way to spread the cost out over a number of months.
3. Breakdowns of appliances
Appliance breakdowns may be expensive and annoying. Whether it's a dishwasher, fridge, oven, or washing machine, such a failure can completely disrupt your daily routine. A logbook loan might be an easy and quick way to meet expenses until your next paycheck because life is already hectic enough.
4. Pet costs
Unexpected veterinary expenses can put a lot of people through severe financial strain. Being unable to pay for the expenses on your own can be upsetting and traumatic. A logbook loan may be the solution to your problems in this situation. A logbook loan can be the best option because a medical emergency involving your pet almost always calls for rapid care. You can avoid the effort and stress of arranging payment and instead concentrate on giving your pet the care and attention they require to heal.
5. Medical crisis
An unanticipated medical emergency might be expensive, depending on the circumstances. Fortunately, the NHS in the UK pays for a lot of accidents and injuries; nevertheless, in some urgent instances, such as dental problems (a sudden root canal treatment, for example), you could have to pay for the procedure out of your own pocket. You don't have to endure agony; you can move through with the required procedures knowing that a logbook loan will cover any costs until you can safely recoup them.
6. Funeral expenses
A sudden death within the family can be a very distressing and upsetting event. The cost of a funeral is the last thing you'll want to stress about during this procedure. Give your loved one the proper send-off they deserve. Even with a funeral plan, the costs of a funeral can add up. A funeral typically costs £4,000. You can stretch out the payment over the ensuing months with the use of a logbook loan.
Why choose LoanOnYourCar.co.uk for your logbook loan requirements
By working with LoanOnYourCar.co.uk, our clients receive a bespoke logbook loan agreement, with loans from £500 - £150,000.
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.
If you're interested in learning more about logbook loans, apply directly at any time for your logbookloans247. Complete the application form at www.LoanOnYourCar.co.uk
or call 0333 577 5000
and speak to one of our expert loan consultants to arrange your logbookmoney. LoanOnYourCar.co.uk will begin by inquiring about the vehicle, your timeline, and your desired loan amount.
