Finances are becoming harder to predict, and with the shaken economy, you may need some funds and fast. There are a couple of options; you could go for personal loans or even cash advances. But there’s one problem, they’re a lot more expensive and have higher interest rates. Logbook loans are also another option. They are not as expensive. Additionally, a logbook loan can also work for you when the car has got additional finances on it.
Finances on cars
When applying for a logbook loan with us, there are a number of things that we check. For starters, we’ll need evidence that the vehicle is yours so you’ll have to provide the necessary documents to prove that. In addition, we’ll also check if the vehicle has got some outstanding finances on it. This is to verify that no other parties are interested in the car.
If for some reason you’ve got an outstanding balance on the car, don’t worry. We can settle the balance for you as you take your loan with us. Our finance department will take you through the process, and we strive to make it as seamless as possible.
What is the outstanding balance is too high?
Not all finances can be settled for you. In some cases, the debt is too huge, and you’ll need to contact our experts for more information. If, for instance, you purchased your vehicle through your local dealership, then you’ll have to settle your finances first before getting a loan with us.
Can I use my car as part exchange when on loan?
Once you take a logbook loan, the vehicle is typically the lenders till you complete the payment of the loan. However, this doesn’t mean that you can’t exchange the vehicle for another. The thing is, you’ll still have to settle the deposit. The dealer may also choose to settle it.
How we can help
The good thing is, we’re here to help. All you have to do is click here, apply for the loan and we will do our best to serve you. Our experts will guide you on any documentation that is needed, and you’ll get your loan within a few hours after your application process.
Remember, these loans can be used to rebuild your credit rating so try and make early and full payments towards at each agreed period.