Our Logbook Loan process in 4 Simple Steps
Enter your registration and mileage below and get an instant quote for your logbook loan.
If you want to go ahead, our easy online application takes just 5 quick minutes to complete!
Arrange a 10 minute meet-up with one of our UK-wide agents to sign your loan agreement.
We'll transfer your full loan amount into your bank account – sometimes on the very same day†!
Authorised and regulated by the Financial Conduct Authority for consumer credit.
Easy loans, same day payouts
Complete our simple 5 minute online application
Arrange a quick meeting to sign the agreement
Get the funds in your bank account the same day†
Why Choose Auto Advance
To ensure a logbook loan, and repayments, are suitable for you, our team carry out fair and accurate affordability assessments prior to approving your loan.
Poor credit considered
With our logbook loans, bad credit doesn’t have to be a barrier – we base our decisions on your current, individual circumstances.
Easy online loans or in-store options
We believe that our logbook loans should be easy for anyone who wishes to unlock the value of their car, van or motorbike – while still getting to drive around in it! We offer a simple application process that you can complete online in minutes, and the only time you’ll need to speak to a representative is when you meet with one of our agents to sign the documentation, hand over your logbook and let them take a quick look at your car.
Of course we’re always on the other end of the phone if you want to speak to a friendly advisor - just call us on 01296 287959 - or you can use our online chat function.
We have over 600 agents covering the whole of England, Scotland, Wales and Northern Ireland, who will meet with you at a location of your choice for complete convenience – or if you’re near to one of our local branches in London and the South East, you can complete your logbook loan in-store if you prefer!
Share your documents online, securely
As an ethical and regulated lender, we take our responsibility to ensure you only borrow what you can afford to pay back very seriously.
While many of our customers get an instant decision, sometimes we need to request recent bank statements so we can assess your suitability. We know that these documents are personal, so we’ve developed an easy - and safe - way to complete the process...
Our completely secure electronic system gives you the option to use your online banking details to deliver your statements directly to us – nobody can see your private information and you’ll get your decision within 30 minutes.
This is the fastest way to complete your online logbook loan application, but if this isn’t possible, we can also accept screenshots of your statements instead.
Simple logbook loan process!
Exceptional customer service and fair lending are our top priorities at all times, so our unique rate structure adjusts according to the amount you borrow in comparison to your car’s value – so the less of the value you borrow, the lower your repayment rate will be.
Once you agree to the terms offered, we’ll transfer your money into your account in a matter of hours. As soon as you’ve finished making your repayments, we’ll give you your V5 logbook straight back to you.
Whatever your reason for needing to borrow, V5 loans are a way to utilise an asset as security, while still getting to use it... but please remember that you could lose your vehicle if you fail to meet the agreed terms.
What is a logbook loan?
A logbook loan works by exchanging your vehicle’s logbook (V5 certificate) for a predetermined amount of money, repaid over an agreed period. When your loan is fully repaid, the logbook is sent back via recorded delivery.
Am I eligible for a logbook loan?
In order to become eligible for a logbook loan, you’ll need a V5 logbook registered in the applicant’s name, an insurance certificate, recent bills as proof of address and a passport or driving licence as proof of ID. Your vehicle must be road legal throughout the life of the loan. If a car is quite old, it could still be approved, providing it is in good working order and has good value.
Do you charge any fees?
We don’t have any hidden fees and our terms are fully transparent. Unlike some lenders, we never charge any administration or set-up fees. If you settle the loan early, we rebate the interest you would’ve paid if you completed the full original term to reduce your settlement cost (with no additional fees).
- Where are Auto Advance based?
How can I get a loan with bad credit?
If you have a low credit score or previous county court judgments (CCJs) you can still be considered for a logbook loan, subject to assessment of your current individual circumstances. As an FCA regulated firm, Auto Advance take their obligations to be responsible lenders seriously which is why open banking data, bank statements and credit checks can be used to get an accurate picture of customers’ financial situation. This helps to ensure that the loan is suitable and affordable.
† Cash within hours: applies to enquiries that are submitted on working days before 2:30pm, whilst allowing for administration, underwriting and processing. However, we are able to process enquiries outside of regular working hours at customers' place of work or household. This is entirely dependant on customers' needs.