Collateral Loans on VehiclesSecured loans to vehicles
Moreover, these loans come with an average maturity of 2 years, so you often pay interest for significantly more than necessary. And the good thing is that there are options - just take a look at our response to "Are Logbook Loans Legal - What are the Alternatives" to find out more.
Most of the log book rental companies demand that a vehicle is less than 10 years old. It offers a great way to administer your finance by getting a auto that you can transiently outlive without falling into the clutches of a credit society for a shortterm time. Our specialised staff has been selected by Bonham's and Sotheby's and is experienced in the sale of oldtimers and youngtimers.
There is also a free evaluation services. Yes, log book loans are certainly legitimate and there are a number of suppliers in the UK. The majority of individuals know about insecure loans and badges. But many have never thought about taking out a secure bond. That means that face-to-face financing is totally unimportant and anyone can get a mortgage.
Concerning vehicles, we would suggest that our credits against vehicles are the most practicable alternatives to our log book credits. Classics, oldtimers and perfomance automobiles are costly asset. In addition, they provide a diversion from monetary affairs. The last thing that comes to mind for our clients when they are short of cash is the maintenance and operation of their vehicles and as such we provide secure loans where we take your automobile with us for a much smaller amount of time than the length of a driver's log.
We not only do this, but we also provide loans for vehicles of any ages from 39 years. 2 percent annual interest rate, which is in strong contrast to log book creditors - for example, just scrolling down to the bottom right of this page from Mobile Money Creditors - that's it, you reading right, 464.
When you choose a secure credit, our Value of Cars page provides detailed instructions on how to assess the value of your car.