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Vehicles Suitable For LogBook Loan

Although logbook loans are a commonly used term these days there are still a lot of unknowns about what kind of vehicle is suitable for a securing against the loan.

 
PRLog - Sep. 7, 2012 - In the process of securing your logbook loan you have to have full ownership of the vehicle first to use as security against your borrowings. Over the past 12 V5 Solutions has seen a huge array of vehicles and has offered loans against a Classic VW Beetles, Aston Martins, Tractors, HGV lorries, motor-homes, caravans, normal cars, motorcycles and even scooters.

All these vehicles have the following key qualifying criteria in common:
1. They are all free of finance at the the time the loan was taken out.
2. They are all owned by the client outright.
3. They are all taxed, and MOT'd and insured.

The crucial point in all of this is that they all meet a minimum valuation amount against which V5 Solutions can offer a loan.

What determines the vehicles value? Principally it is the vehicle's make, model, age and mileage. Typically the vehicle should be less than 8 years old though some vehicles will hold their value better than others. An Audi A3  will hold its value better than a Ford Mondeo of the same age.

Once it has been determined that the client has a vehicle suitable for a log book loan it is then up to the borrower to decide on how much will actually be borrowed. The value of the vehicle determines the upper limits and hopefully the borrower is looking for an amount between this and the lower amount of £400.

So for example if the vehicle is valued at £2100 V5 Solutions can offer up to about £1500. The borrower can therefore borrow between £400 and £1500. The loans are arranged and paid out within hours making the service one the fastest and simplest of its kind.

The www.V5Solutions.co.uk website provides free quick and easy logbook loan valuations for its clients. The service is available 24hrs per day 365 days per year and is available to clients throughout the UK. To see how much you could borrow against your vehicle simply apply online at www.v5solutions.co.uk for a logbook loan offer.

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Contact Email:
***@v5solutions.co.uk Email Verified
Source:V5 Solutions
Phone:01603615191
Country:United Kingdom
Industry:Finance, Loans
Tags:logbook loans, log book loans, loans, personal finance, personal loans
Shortcut:prlog.org/11969470
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