Logbook Loans

Logbook Loans Secured Against Your Car, Bike or Van

Our Lenders

We work with trusted brokers to give you access to a panel of leading lenders well placed to meet your needs.

Proper Finance can help you to find the best logbook loan to meet your financial needs, secured against your car, bike or van. Through our trusted lenders, you could apply for a logbook loan of anywhere between £500 and £50,000 to last between 1 and 3 years.



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logbook loans
REPRESENTATIVE APR: IF YOU BORROW: £850 over 18 months at a flat rate of 132% per annum (fixed) with a representative 450.5% APR, YOU WILL OWE: 17 monthly payments of £140.72 and 1 payment of £140.76, repaying £2,533.00 in total.


What Is a Logbook Loan?

A logbook loan is a type of loan secured against your vehicle, be this a car, bike or van. You can only take out a logbook loan if the following applies:

  • You own the vehicle
  • The vehicle is under 10 years old
  • The vehicle is free of finance

By securing the vehicle against the loan, if you then cannot keep up with repayments, the lender has a right to take your vehicle as collateral for the missed repayments.

With secured loans, it is therefore vital to ensure you will be able to keep up with repayments, and make these on the required repayment dates.

A logbook loan can be a great way to take out emergency loans when you really need some help before the end of the month. They typically allows customers to borrow up to around 80% of the trade value of the vehicle, using their car, bike or van as security against the loan.


What Information Do I Need to Provide for a Logbook Loan?

Regulated in the UK by the Bill of Sale Act 1878 and the Bill of Sale Act Amendment Act 1882, logbook loans allow speedy borrowing of much needed funds.

As part of the process of taking out one of these loans, the vehicle’s ownership is transferred to the lender through a ‘bill of sale.’ The borrower will give over their V5 Registration document to the lender for the duration of the loan.

In addition, the borrower may need to provide a number of personal and relevant details such as a valid MOT certificate, proof of address and other details.


Will I Gain Ownership of My Vehicle Back After Repaying the Logbook Loan?

Yes, once all the repayments have been made, the owner will regain ownership of the vehicle secured against the loan. Throughout the duration of the loan, the lender will retain ownership of the vehicle.

Logbook loans are a very easy and convenient method of borrowing up to £50,000, in a way that causes minimum disruption and change to the borrower’s financial status; allowing the retention of the vehicle so long as repayments are kept up to date.

Get in touch with us today to find out how one of our lenders can provide you with a much needed logbook loan, to help get you on the way to securing that much needed cash.




Which Vehicles Are Eligible for Logbook Loans?

No matter the type of vehicle you wish to use as security for a logbook loan, all types of vehicles, all ages are generally considered. From cars, to vans, motorbikes, classic cars and others, there is certainly no shortage of options for vehicles to use as loan security.

Motorbikes: With many models of motorbikes costing well over £5,000, if you are a motorbike owner, you will likely be able to borrow over £1,000 secured against your motorcycle.

Vans: Depending on the provider and their lending criteria, logbook loans for vans may include transit type vans, camper vans and flatbed type vehicles.

Older Cars: Just because a vehicle is older, doesn’t mean you can’t use it as the required security for a logbook loan. Older cars, such as those that may perhaps be 5 years old or more are often eligible to be used for a logbook loan.

As long as you own the car and it’s free from finance, you can get started immediately with applying for a loan.


Things to Consider When Applying for a Logbook Loan

Whilst logbook loans are a popular and useful way to borrow money and potentially receive funds very quickly into your account, as with all secured loans, there are a few risks that you should consider before taking out such a loan.

These include:

  • To qualify for a logbook loan, you need to be the legal owner and registered keeper of the vehicle to be used as security
  • Failure to repay the loan may result in the forfeit of your vehicle
  • No court order is needed in the UK for the lender to seize your vehicle
  • Failure to keep up repayments on the loan will be detrimental to your credit rating and ability to borrow in the future
  • As with any loan, you should only take out a logbook loan when absolutely necessary

Subject to all risks being accounted for, and your financial status and earnings being taken into account, a logbook loan could well be the convenient solution you have been seeking.


Why Is a Logbook Loan With Proper Finance Different?

There is no shortage of loans around in the UK. No matter the amount you are seeking to borrow, the chances are that there is a loan that will work for you, your family, your credit rating and your financial status.

However, for those who may have been refused credit previously and who are finding it hard to secure a loan elsewhere, logbook loans plug the gap in the market.

Increasing numbers of people in the UK now own a vehicle of some type; be it a van, motorcycle or car. Hence, using a vehicle as security is a very convenient way to secure that much needed loan.

Proper Finance can help you to find the best logbook loan to meet your borrowing needs. We work with some of the country’s leading lenders, who are able to process your application and find the most suitable financial products to fit your circumstances.


Apply for Logbook Loans With Proper Finance

Taking out a logbook loan is an easy process. Subject to the necessary checks and formalities, you could get the money in your account on the very same day as your application.

Once the relevant documentation and paperwork is completed, you will start your agreed payment plan with our logbook loans partner, Loans2Go.

Whether using a desktop, mobile or tablet device, you can make an enquiry easily and in a matter of minutes for that much needed loan.  Once approved, same day appointments are generally available.

Start your application today by clicking on apply now below and you will be able to submit your application directly with our trusted partners at Loans2Go.

logbook-loansREPRESENTATIVE APR: IF YOU BORROW: £850 over 18 months at a flat rate of 132% per annum (fixed) with a representative 450.5% APR, YOU WILL OWE: 17 monthly payments of £140.72 and 1 payment of £140.76, repaying £2,533.00 in total.