Car Loans – Everything You Need To Know
When searching for the term “Car Loans”, you may come across websites involving buying cars on finance. What if you want a loan on your car that you already own? That’s where we come in! Avoid the confusion and find out exactly what the difference is between Car Loans and Logbook Loans.
Whats the difference between car loans and logbook loans?
Despite the similar names, car loans and logbook loans are two very different products. A car loan is a way of borrowing money for the purchase of a car. Logbook Loans are slightly different however. With a Logbook Loan, you borrow money on a vehicle that you already own and use it as security.Logbook Loans are slightly different however. With a Logbook Loan, you borrow money on a vehicle that you already own and use it as security.
Interest rates vary on a couple of factors – The amount you would like to borrow, and the value of the vehicle that your loan is against. We reward sensible borrowers, so if you pay off your loan before the end of the full term, you could be entitled to a partial rebate of your interest.
You are always in the driving seat with Auto Advance, with our dedicated team are super-friendly and are fully trained to respond to your needs promptly and efficiently. So if there is anything you would like to know, get in touch!
Applying for a Logbook Loan with Auto Advance is fast and simple, simple use our Quick Quote form or contact us directly to get a quote in minutes. Following that, all we would need from you is:
- The vehicle’s V5 Logbook
- Valid insurance and MOT certificates
- Most recent bill as proof of address
- Most recent two bank statements
- Most recent payslip
- Photo ID
- …And don’t forget the vehicle!
You can bring these documents down to your nearest store to complete your loan. If you don’t live close enough to one of our stores, no worries! One of our 600 agents can come to you!
Don’t hesitate to contact us if you have any questions or would like any more information. Come into one of our branches, give us a call on 01784 424878 or chat to us LIVE right now. We’re always happy to help!
Find out how much money you could have within minutes using our Quick Quote form.