What is a logbook loan?
A logbook loan is a short-term loan that is secured against your vehicle. You still get to keep and drive the vehicle while you're making repayments on your loan.
How quickly can I get cash?
Within 1 hour*. Subject to affordability, suitability and compliance with our terms and conditions.
How can I complete the loan?
Simply call us on 0333 220 4419 or apply online. Car Cash Point can organise an appointment for you to either visit our office or for one of our nationwide representatives to come to your home or an alternative address of your choice to complete the loan for you. On completion of the loan we will make a faster money transfer directly to your bank account. Subject to affordability, suitability and compliance with our terms and conditions.
Are there setup, administration, early repayment or exit fees?
No.
Why is a Car Cash Point Logbook Loan better than our competitor?
Car Cash Point is the only lender to offer unbeatable service and will never be beaten on price. We put our customers in control of their loan, giving them the ability to settle at any time with no fees. We also allow our customers to make overpayments and pay less interest on the reduced balance.
Car Cash Point will also pay out completed loans within 1 hour* anywhere in England and Wales*. In addition we provide weekly or monthly payment options to suit our customer s personal circumstances and we always treat our customers responsibility and with the upmost respect and fairness.
Will you consider cars with finance?
Car Cash Point will lend on vehicles with outstanding finance, providing the finance is cleared by the borrower prior to completing the loan or the existing finance is cleared from the proceeds of the Logbook Loan. If the finance is to be cleared from the proceeds of the new loan, a settlement statement will need to be provided to confirm the full settlement amount and 'valid' to dates.
How much cash can I borrow?
At Car Cash Point you can borrow from £500 to £50,000 subject to affordability suitability and compliance with our terms and conditions.
What repayment options are offered?
Weekly or monthly repayments.
Can I use my car during the loan?
Yes.
Who is responsible for the maintenance and insurance of the car for the duration of the loan term?
It is your responsibility to comprehensively insure, tax, MOT and maintain your car.
Can I repay the loan early?
Yes, you can settle the outstanding balance at any time. Unlike our competitors our interest is purely Pay As You Go which means you only pay interest for the time you hold the loan. No early repayment penalties or fees - Guaranteed.
Can I switch my loan to from another Logbook Loan Lender to Car Cash Point?
Yes, you can 'Switch and Save' today and pay less interest.
Loan approval will be subject to affordability, suitability, compliance of our terms and conditions and the provision of a written quotation.
Car Cash Point will ensure a swift hassle fee transition within 24 hours.
What Vehicles will Car Cash Point lend on?
Car Cash Point lend on:-
- Cars
- Motorbikes [Storage only]
- Caravans
- HGV's [Storage only]
- Vans
- Motorhomes
- Boats [Storage only]
- Helicopters [Storage only]
- Light Aircraft [Storage only]
How do I make the loan repayments?
Car Cash Point will accept the following payment methods:-
- Standing Order [Car Cash Point will provide you with a standard instruction to complete and give to your bank]
- Electronic Bank Transfer
- Direct cash or cheque payment at a Barclays Bank branch.
- Debit Card Payment [Subject to a nominal payment added at cost by our payment provider]
Can I make my loan repayments weekly or monthly?
Car Cash Point loan repayments are typically weekly in arrears. However, subject to prior approval it is possible to switch to a monthly payment schedule.
Please speak to a member of the Car Cash Point Sales team.
What happens if I cannot maintain the payments on my loan?
If your circumstances change and you get into financial difficulties, Car Cash Point will act compassionately and sensibly to assist you. We will discuss and agree workable payment plans with the objective of getting you back on track in a fair and realistic manner. This loan is secured on your vehicle which may be at risk if you fail to keep up your repayments.
How do I complain to Car Cash Point?
Our aim is to provide you with a prompt, efficient and transparent service. If you have a complaint about any aspect of the service you receive, our staff will be happy to resolve your concerns.
To receive a copy of our complaints policy or to make a complaint please contact:-
If we are unable to resolve your complaint to your satisfaction you have the right to refer to the Financial Ombudsman Service.
