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The recent downturns in the economy have left thousands of people finding it more difficult to borrow money. As banks and other traditional forms of borrowing have become more strict with their lending policies, people are looking for other ways to borrow, and logbook loans are fast becoming one of the most popular. So, compared to a standard bank loan, could a logbook loan offer the affordability you need?

With a multitude of reasons as to why people want to borrow money (excluding mortgages), one thing's for sure, people are still keen to do so. Whether the money is used to fund a home improvement project, a holiday or something else entirely, the need for borrowing is as high as it has ever has been.

Naturally, borrowers want to get a loan with the best deal that suits them. Low interest, low monthly payments and long repayment terms are all at the top of the list. But, it's not always that simple. It's rare to get the best of everything when you borrow larger sums of money and there's always a price to pay, no matter how good the deal.

For a long time, a traditional bank loan was the standard option when you needed to fund a project or a purchase. As an existing customer, your bank was well placed to be able to look at your financial history and current status and base your loan request on a number of different factors. But, times have changed. When you need fast cash, alternative methods of borrowing are now more readily available and banks are slipping down the pecking order.

Continue reading "A Log Book Loan Gives You The Affordability You Need" →

If you've ever bought or sold a car, or if you own one right now, then you'll have heard, and been in possession of, a V5 document or a 'car logbook' as it's more commonly known. While it's an important document that acts as proof of ownership of any car, it's vital if you're looking to take out a logbook loan.

What is a car logbook?

The V5C (or car logbook), is an official document that's used by the Driving and Vehicle Licensing Authority (DVLA). Each one is unique and acts as a proof of ownership document for every car and its registered keeper. The DVLA hold all the details of every registered car and it's owner across the UK.

When you're buying a car...
If you're in the fortunate position of buying a new car from a main dealer or a used car from an independent car seller, then one of the many things they'll take care of is the 'paperwork'. And this involves the completion of your car logbook.

Your new car will be registered to them. When you enter your agreement to buy the car, you'll give them your name, address and other details and they'll complete the form and register you as the new owner automatically. Once this is complete, the dealer will send the completed paperwork to the DVLA and you should receive a brand new car logbook within 6 weeks. You'll then be on the official record as being the registered owner of that vehicle.

While the new logbook is being prepared and sent to you, there will usually be a temporary proof of ownership form given to you by the dealer that you should keep hold of. If you need to prove so, it will act as confirmation that you own the car until the real logbook document arrives.

When you're selling a car...
When it comes to selling your car, the whole process is basically reversed. The responsibility will be on you to transfer the proof of ownership onto the new owner. This will guarantee that you're no longer the registered owner of the car.

It's common practice - and a good idea - to do this straightaway, usually after the sale has been completed and while the new owner is still with you. Once filled in, you can send the completed form of to the DVLA and registration is moved to the new owner within 4 - 6 weeks. This is an important step because if you delay this, the new owner could incur various fines that you would be responsible for because the DVLA will still have you as the official owner on their records.

Continue reading "How important is my car logbook for a loan?" →

Loans of any type are very much a personal choice. One of the most popular loans at the moment are log book loans. But there are lots of different log book loans available to choose from in the marketplace right now and that can make it a tough decision. So how do you go about choosing the best log book loan?

Just like any other loan, what will suit some, might not suit others, when it comes down to the benefits, advantages and terms of the loan itself. But much depends on how the loan companies market themselves in order to win your business.

TV, radio and print ads for loan companies are commonplace these days and each one is designed to grab your attention with snappy soundbites, catchy jingles or bold headlines. So what should you look out for and how do you cut through the noise of the media to find the lenders that genuinely will offer you the best log book loans?

Continue reading "How do you choose the best log book loan?" →

Logbook loans against your vehicle are a perfect way to get larger cash sums quickly and easily.

At Car Cash Point, we don't want to put anyone off borrowing from us, even if they don't own a car. So just what vehicles can you get logbook loans against? If you own a mode of transport with four wheels, two wheels or even no wheels at all, you've come to the right place!

Get the money you need

When people look for more information about logbook loans, it's easy to jump to conclusions and assume that Car Cash Point can only offer loans against cars, especially with our name! However, we do understand that not everyone has a car in the first place, but they still need a fast and simple way to get a lump sum of cash to help them out financially.

If you find yourself in this position, don't worry. We'll still be able to help you withdraw the cash from your vehicle in exactly the same way as you could with a car. It's true that the majority of the loans we help people with are against their car, but we're more than happy to offer financial help to people with other forms of transport too.

So, whether the ride you own has four, two or even no wheels at all, Car Cash Point can help you get the money you need as a fast loan - without the need to sell.

Continue reading "What vehicles can I get logbook loans against?" →

There's no shortage of financial loans available in the UK for personal use, from a range of high street and online providers. Which you choose really depends on your situation and your ability to repay the loan, but there's a loan in the UK available for every budget. So what are they and which ones are best?

We all like to be able to save or just put some money aside each month, but despite our best efforts, sometimes we're not able to do it. Depending on our wage level or if we've had a particularly heavy month for outgoings, it can be hard to save anything. But it can also be harder to pay for the things we want or need - especially bigger purchases.

But there are different loans in the UK to look at when you need a boost to your savings or to give you some financial breathing space for an emergency purchase or repair. But whichever loan choice you opt for, make sure you choose the right one for you and that you're fully aware of the terms & conditions that come with it. If you're in doubt, ask the lender to make clear anything you're unsure of. Continue reading "What kind of loans are available in the UK?" →

After ten weeks of voting in the Consumer Credit Awards, we're delighted to announce that we've been named a finalist in the "Best Logbook Loan Provider" category.

We've got to this point thanks to our fantastic customers voting for us, and you can take a look at some of the great feedback we've received, by reading our Car Cash Point reviews here!

Continue reading "Consumer Credit Awards 2017 finalist!" →