Unless you're a whizz with financial jargon, loan to value can be a confusing topic. Keeping track of all the information you need can be overwhelming. So when you're swamped with numbers, APR's, monthly payments and terms & conditions, you can feel like you're struggling before you've even got started.
The loan amount you need might be enough to help pay for a holiday, contribute to a family celebration or pay off some existing loans. Whatever your reason for needing the money, you should be able to fully understand what you're signing up for. No responsible lender should lend you more than you can realistically afford to pay back.
As part of our responsible lending process at Car Cash Point, once you've applied and been accepted for a loan, we'll always send a representative to see you to complete the paperwork and to look at your vehicle. We do this for a number of reasons, one of which is to check the market value of your car.
What Loan To Value means for you
A well used term that you might have seen is the phrase 'loan to value' (or 'LTV'). In simple terms, that means when you look to take out a loan with us, after our evaluation you'll receive a loan based on the market value of your car, hence the term 'loan to value'.
When any lender, Car Cash Point included, loans money to customers, they do so with the belief that the money can be paid back in full. On occasion though, some customers may default on payments or might not be able to pay the loan back in full at all.
To try and reduce that and have a fair and responsible lending policy, we'll never lend an unrealistic amount. We help you withdraw the cash value that's in your car to give you a financial helping hand wherever it's needed.
We're here to help you understand
Sometimes, money lenders or finance companies can take advantage when people don't fully understand the deal, leading to signing up for something they didn't intend to. Good money lending companies on the other hand, will be genuinely helpful.
At Car Cash Point, we take the time to make sure you know all the terms and totally understand the cash loan to value amount that you'll receive. We'll explain how long your loan is for, how much you'll be paying and what you're signing up for.
We're fully regulated by the Financial Conduct Authority and abide by its code of practice. That means we're a responsible lender who will always maintain honesty and transparency. And as winners of the Best Customer Focus awards, you'll always receive a high level of professional customer service. Get in touch today!
With flexible repayment terms of up to three years, no hidden penalties or charges, no formal credit checks and a guarantee that Car Cash Point won't ever be beaten on price, we're the best value logbook loan lender in the UK. If you find a rate that's lower anywhere else, we'll beat it by 10%!
Taking out a cash loan with Car Cash Point is easy. Call 0333 220 4419 today and we'll talk you through the whole process. If you own your car and it's free from any finance, you could receive your money on the same day, maybe even within the hour!
