How Logbook Loans work

If you want a fast loan secured on your car, then Auto Advance Logbook Loans can help – and the process couldn't be easier! You no longer have to sell your car to release its value, thanks to an Auto Advance Logbook Loan.

We arrange same day loans in exchange for the V5 registration document, while you keep the use of your vehicle. You can borrow as little or as much as you want; anything from £500 to the full value of your car – although we will only lend you what we believe you can afford to pay back in order to minimise your risk of losing your vehicle.
As a strong alternative to Payday lending, Logbook Loans use your car as your guarantee, while you keep driving.
Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

How do Logbook Loans work?

The way a Logbook Loan works is when you use your vehicle as security for obtaining a loan. The minimum agreed term is 6 months, ranging all the way up to 36 monthly payments (depending on loan value and circumstances). However, with our Logbook Loans, you can pay off in as little as 1 month if you wanted to, saving yourself some money and earning a rebate on the interest. Best of all, with no early repayment fees or charges. The agreement is secured using a Bill of Sale document, which you retain a copy of once the loan is completed, as well as a Loan agreement. The only thing you hand over is the vehicle Logbook (V5 document).

See the list below that explains the simple process to releasing your cars value today.

  • Either apply for a logbook loan online or by calling our friendly team on 0333 577 1990
  • We’ll be in touch as soon as possible with an offer
  • We’ll clearly explain the terms of your Logbook Loan
  • We arrange an appointment in store or a location of your choice to carry out the V5/logbook handover
  • We process the documentation and you sign the agreed terms
  • We pay the money straight into your bank account or hand over cash or a cheque
Please see our Customer Information Sheet if you would like to find out any more information.
The entire process can take as little as 1 hour, proving that Logbook Loans really are fast loans!

How our low rates affect you

When you take a loan on your car, you want to know that you’re getting a great service and a great deal too – and with our unique rate structure that tailors to the amount borrowed against the value of your vehicle, that's exactly what you get.

Our team are committed to your complete satisfaction and your confidentiality is our priority; we will always consider your case individually and offer a polite and friendly service every step of the way.

Our low rates are worked out on a sliding scale linked to the ratio of the loan taken out, against the overall value of your car; this means that the less of the value you borrow, the lower your repayment rate will be. Whether you just want to bridge a small financial gap, or access a fast loan for a larger amount, you can benefit from some great terms with our auto loans.

Getting a fast loan on your car isn’t the only benefit!

  • All car owners from all backgrounds welcome – as long as you can afford the loan, we’re happy to lend!
  • Quick decision – no agonising wait!
  • We call it a fast loan because on acceptance, you can have the cash within hours!
  • Borrow with confidence – highly experienced and trustworthy lenders with your interests at heart and members of the CCTA.

Remember that you’re not handing over the rights to your vehicle ownership forever – you simply hand over your V5 as security for your auto loan and as soon as you’ve met all your repayments, we hand it straight back! Do bear in mind though that you could lose your car if you fail to meet the agreed terms.

For a fast loan on your car, contact Auto Advance now – our auto loans offer great low rates and an exceptional service.

Representative Example


£1000

Total Amount of Credit

£163.34

Monthly Payment

96.00%

Fixed Annual Interest Rate

£1960.08

Total Amount Repayable

12 Months

Duration

300.30%

Representative APR
Warning: Late repayments can cause you serious money problems. Your vehicle is at risk if you fail to repay the loan. For help or advice, please visit Money Advice Service
Authorised and regulated by the Financial Conduct Authority. Auto Advance Logbook Loans is a trading name of DTW Associates Limited, registered in England and Wales under number 677922. 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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