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A log book loan is a way to get a cash loan using your car as security (In the same way that you can use your house to get a secured loan). If you have a car, and own it free of any other finance, you can get a log book loan!

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<div class="faq-standard"> <h2>What is a logbook loan?</h2><p>&lt;p&gt;A log book loan is a way to get a cash loan using your car as security (In the same way that you can use your house to get a secured loan). If you have a car, and own it free of any other finance, you can get a log book loan!&lt;/p&gt;</p><h2>What does “Free of Finance” mean?</h2><p>&lt;p&gt;If you used a car dealer`s finance package to buy your car, this may well have been secured on the car. In this case, we won`t usually be able to give you a logbook loan until you have made your final repayment.&lt;/p&gt; &lt;p&gt;If you took out an unsecured loan to buy your car (from a bank or building society, for example), or borrowed from friends or family, then you can apply for a logbook loan no matter how many repayments you still have to make.&lt;/p&gt;</p><h2>How soon can I get the cash?</h2><p>&lt;p&gt;As soon as you sign your documents, you can get your loan proceeds in as little as 15 minutes!! Seriously. We`re that fast and friendly!!!!&lt;/p&gt;</p><h2>How do I apply?</h2><p>&lt;p&gt;&lt;a href=&quot;/apply-now/&quot;&gt;Click here &lt;/a&gt; to apply or simply phone your nearest branch. To find your nearest branch &lt;a href=&quot;/store-locations/&quot;&gt;click here&lt;/a&gt;. You can also call into any of our branches - there`s always free parking there!&lt;/p&gt;</p><h2>Do I need good credit?</h2><p>&lt;p&gt;No! At AutoMoney, we won`t make any credit checks. The fact that you paid your car finance and own your car outright is credit enough for us. We`ll just look at your income and other obligations, to make sure you can afford the loan you want, and that`s it! &lt;/p&gt;</p><h2>Can I get a loan if I have CCJs or have been made bankrupt?</h2><p>&lt;p&gt;Yes. We lend on the value or your car and your ability to repay. Every applicant is treated with respect. Any prior problems you've had don`t matter to us. We're looking to help you with a loan now, and to be there for you again if you need another loan in the future.&lt;/p&gt;</p><h2>After I apply online, what do I need to do?</h2><p>&lt;p&gt;You will need to bring your car to one of our branches so that we can confirm its value. You will also need to bring the following: &lt;/p&gt; &lt;ul class=&quot;bullet dots&quot;&gt; &lt;li&gt;The Logbook (V5), which needs to be in your name&lt;/li&gt; &lt;li&gt;The Insurance Certificate or valid Cover Note&lt;/li&gt; &lt;li&gt;A recent utility bill&lt;/li&gt; &lt;li&gt;Some form of ID with your photo on it (Passport, Driving Licence, Work ID card etc)&lt;/li&gt; &lt;/ul&gt;</p><h2>Will you contact my employer?</h2><p>&lt;p&gt;Not usually, and certainly not without checking with you first.&lt;/p&gt;</p><h2>Is my application confidential?</h2><p>&lt;p&gt;Yes.&lt;/p&gt;</p><h2>How old can my car be?</h2><p>&lt;p&gt;It is best if your car is less than 10 years old, but AutoMoney lends against older cars as well. We also lend against vans, light commercial vehicles.&lt;/p&gt;</p><h2>I am self-employed; can I still get a loan?</h2><p>&lt;p&gt;Absolutely! We just need to make sure you have sufficient net income to repay your loan.&lt;/p&gt;</p><h2>How much will it cost?</h2><p>&lt;p&gt;We charge a monthly interest rate of 20%. So if you borrow £100 your monthly charge will be £20. This rate will be applied each month that you have the money, but only on the amount you still owe at the time. A Document Fee will be charged.&lt;/p&gt;</p><h2>Is there any insurance product sold with your loans?</h2><p>&lt;p&gt;No. &lt;/p&gt;</p><h2>Is AutoMoney regulated?</h2><p>&lt;p&gt;Yes. We are regulated by the Office of Fair Trading (OFT) under the Consumer Credit Act. AutoMoney holds a Consumer Credit Licence. Our Licence number is 0607464 and it is held under our corporate name of Quick Click Loans trading as AutoMoney. &lt;/p&gt;</p><h2>How do I make repayments?</h2><p>&lt;p&gt;Forms of payment we accept include cash payments at the branch, postal orders, banker's drafts and standing orders.&lt;/p&gt;</p><h2>What are the early settlement penalties?</h2><p>&lt;p&gt;There are absolutely no penalties for settling accounts early.&lt;/p&gt;</p><h2>What happens if I fall behind with my repayments?</h2><p>&lt;p&gt;Remember what we said before - We're looking to help you with a loan now, and to be there for you again if you need another loan in the future. We couldn't do that if we didn't work with clients when they need our help the most. &lt;/p&gt; &lt;p&gt;If you encounter a difficulty that causes you to fall behind with your repayments, we will work with you so long as you stay in touch with us and so long as you make an effort to repay. Repossession is very much a last resort for us. However, clients that show no willingness or absolutely no intention to repay are likely to have their car repossessed and sold so that we can recover the amount owed.&lt;/p&gt;</p><h2>How much can I borrow?</h2><p>&lt;p&gt;We will lend from as little as £100 to as much as £5,000 (more in some cases). However, the amount you can borrow will depend on the value of your car and your ability to make the repayments.&lt;/p&gt;</p><h2>What is your APR?</h2><p>&lt;p&gt;The Government created the APR (Annual Percentage Rate) as a way of comparing the cost of different loans. It takes into account the interest rate charged and also the administrative costs of setting up the loan. However, for short term loans such as &quot;Payday Loans&quot; and &quot;Logbook Loans&quot;, these can be somewhat misleading. This is because the APR calculates the cost of borrowing across a whole year, whereas these loans are usually only taken out for a shorter period. &lt;/p&gt;&lt;p&gt;A more sensible measure to look at when comparing short term loans would be the amount of interest added by the lender each month. For an AutoMoney Logbook Loan this is just 20% per month, or £20 for every £100 borrowed. However, when converted to an APR this would equate to 493.94% which can be very confusing for customers. &lt;/p&gt;</p><h2>Who can get a Logbook Loan?</h2><p>&lt;p&gt;To qualify for a Logbook Loan you must:&lt;p&gt; &lt;ul class=&quot;bullet dots&quot;&gt; &lt;li&gt;Be over 18 years of age&lt;/li&gt; &lt;li&gt;Be the legal owner of the vehicle&lt;/li&gt; &lt;li&gt;Have made all of the repayments on any loans secured on the vehicle&lt;/li&gt; &lt;li&gt;Be a UK resident&lt;/li&gt; &lt;li&gt;Be able to provide all of the relevant documents&lt;/li&gt; &lt;/ul&gt;</p><h2>I don't have a credit card - is this a problem?</h2><p>&lt;p&gt;No.&lt;/p&gt;</p><h2>What will you need to see?</h2><p>&lt;p&gt;You will need to provide the following documents:&lt;/p&gt; &lt;ul class=&quot;bullets dots&quot;&gt; &lt;li&gt;The Logbook (V5), which needs to be in your name&lt;/li&gt; &lt;li&gt;The Insurance Certificate or valid cover note&lt;/li&gt; &lt;li&gt;A recent utility bill&lt;/li&gt; &lt;li&gt;Some form of ID with your photo on it (Passport, Driving Licence, Work ID card etc)&lt;/li&gt; &lt;ul&gt;</p><h2>How long will I have to repay?</h2><p>&lt;p&gt;All of our loans are initially for 18 months, however, there are absolutely no penalties if you repay your loan earlier (even after just a week!). If you need to extend the term of the loan after the initial eighteen months we would be happy to consider this, but we encourage you to repay as quickly as possible.&lt;/p&gt;</p><h2>Can I choose to repay weekly?</h2><p>&lt;p&gt;Yes, as long as your total monthly installment has been met by your due date.&lt;/p&gt;</p><div class="clear"></div> </div>