How Logbook Loans Work

An Auto Advance Logbook Loan is a great way to use the value of your car to get cash and keep on driving.  Our process is simple, and in three easy steps you could have cash in your account on the same day.


Complete a 5 minute application


Arrange to meet and sign agreement

Pay Out

Receive the funds in your bank account the same day


Our application is super simple. We aim to make our process as easy as possible which lets us give you a decision in minutes.

  1. Get a quick quote
  2. Fill out our 5 minute application
  3. Easily upload the required documents

Once you have successfully completed all these steps, one of our friendly agents will contact you to arrange a document signing.

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  • You must be the legal owner of the vehicle and hold valid MOT, tax and insurance documents.
  • The vehicle must be free or nearly free of finance.
  • Applicants need to be in employment or have a partner in employment if applying for a joint loan.
  • We will require proof of identity, address, and bank statements to determine if the loan is appropriate for your circumstances.


We will arrange an appointment for one of our mobile agents to meet you in your chosen location to get your signature, inspect the vehicle and collect your logbook.

  1. Meet in your chosen location
  2. Sign the Bill of Sale
  3. Provide us with your logbook

This step only takes 10 mins of your time and once everything is signed off, your loan can proceed to the final stage.

More Info

  • You must present valid government issued photo ID (Passport or Driving Licence).
  • We can meet you anywhere convenient, e.g. work, home, hotels, car parks, etc.
  • The vehicle must be inspected and photographed.
  • Full Customer Information Sheet can be found here.

Pay out

After our mobile agents transfer your documents to our underwriting team, we can arrange a pay out through Faster Payment right into your bank account.

  1. Provide bank details
  2. Receive payment
  3. Cash out!

Once you receive your loan payment, we will send you a welcome pack together with a copy of your loan agreement, repayment schedule and other important documentation.

More Info

  • Pay out can be made on the same day.
  • If visiting one of our local branches, you can collect your funds in cash
  • We have no hidden fees or charges.
  • Repayments can be made weekly or monthly by recurring debit card payments, or you can pay in person by cash in one of our branches.

24/7 Application

Get a logbook loan quote and complete your online application at anytime for your complete convenience.

Credit cards

Poor Credit Considered

Credit history doesn’t have to be a barrier. we look at your current, individual circumstances.


Responsible Lenders

Authorised and regulated by the FCA and proud members of the CCTA. We’re the team to trust.

Representative APR


Total Amount of Credit


Monthly Payment


Fixed Annual Interest Rate


Total Amount Repayable

12 Months



Representative APR

Frequently asked questions

What is a Bill of Sale?

A Bill of Sale is the legal document which gives us security over your vehicle. This technically means we become the legal owner of the vehicle until the loan is fully paid back. However, during this period you are able to freely use your vehicle as long as payments are made. There is a risk of losing your vehicle if you fail to make payments, but before this happens we will try to find a solution with your financial circumstances. 

Read more.

What is a logbook loan?

A logbook loan is when you hand over the logbook (V5 certificate) for your car in exchange for a predetermined amount of money that is repaid over an agreed period of time. Once the loan is repaid in full, your logbook is sent back via recorded delivery.

How do I make repayments?

Your repayment is collected from your bank account weekly or monthly. You can also pay by cash at one of our branches.

How much can Auto Advance lend me?

We’re happy to lend small amounts or larger sums up to 80% of the value of your vehicle. But this will all depend on how much you can afford to pay back every month. You can also get a top-up loan further down the line.

What does APR mean?

APR stands for Annual Percentage Rate. It is easy to get swept away in jargon, but it basically shows the amount of interest you will pay back over the period of your loan. A lower APR does mean a lower amount of interest paid back, but it does not mean you’re getting a better deal. Unlike some of our competitors, we do not have any hidden charges, broker deals or set-up fees which will cost you more!

Sometimes the lowest APR is not your best choice, to learn more about this see the money advice service on the true cost of borrowing.

When do I get my money?

You can receive your money within several hours of your application as long as you submit all the right documents and agree to the terms we offer you. After you have signed the loan agreements and we have verified everything, we will make a fast-track payment direct to your account, or you can visit one of our stores to be paid in cash.

Logbook loans or guarantor loans?

A logbook loan uses your vehicle as security for the loan, even if you have poor credit. This means that we will hold on to your V5 document whilst allowing you to keep your car until your loan is fully settled. If you fail to make payments, there is a potential that we will take possession of the vehicle.

In contrast a guarantor loan is where you need to find and ask an eligible person you know to vouch for your ability to pay the loan and take on the responsibility to pay back the loan if you fail to do so. There is a strict criteria of who can be an eligible guarantor, and can be quite embarrassing asking someone to vouch for you because of bad credit. Even in the event where you can’t make payment, it can damage your personal relationship with the guarantor you chose.

Take the stress out of your loan and let your car be your guarantor.

Why is a logbook loan cheaper than a payday loan?

A logbook loan is cheaper than a payday loan because it is secured against the value of your car. Payday loans don’t have any collateral, meaning interest and repayments are higher. Using your logbook as security means a lower interest rate and lower repayments.

Authorised and regulated by the Financial Conduct Authority under number 677922. Auto Advance Logbook Loans is a trading name of DTW Associates Limited, registered in England and Wales under number 05305220. Registered address: Ashford House, 41-45 Church Road, Ashford, Middlesex, TW15 2TY.
* 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.
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