Instant Audi A1 V5 logbook secured short term pay day loans

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Logbook loans

Similar in set up to payday loans, a V5 document secured advance enables you to borrow more because your car is used as security. You can get instant logbook loans with a pay out on the spot if you visit one of the many national offices throughout the UK. Borrow up to 70% of the trade value of your car and still get to drive your vehicle throughout the duration of the loan. This is a bona fide alternative to payday loans, bridging loans and any other form of short term advance.

Please be advised that the actual APR on logbook loans is very very high. Some set it as high as 325% if not more. This is because it is a short term set up. It is designed to be paid back quickly, and should only be entered into if you are 100% confident of returning the full amount along with the monthly interest repayment within 60 days maximum. Any over this and the interest charges cease to competitive.

You tend to find that the interest is around the £10.00 per £100.00 borrowed which is roughly the equivalent as a pay day loan with the advantage of borrowing a larger amount. Also please be advised that failure to repay the amount in full, or even missing payments can lead to your Audi A1 being repossessed. Technically it is not being repossessed, as you don't actually own the vehicle. That is why it is imperative that you know for a fact that the full repayment can be made within thirty days, sixty maximum.

Audi A1 logbook loans

Here are a few guidelines that have to adhered to before applying.

You must own the Audi outright

You must be named on the V5 documentation

You must be over 18

The A1 needs to be under ten years of age

You have to be named on the V5 logbook

The car has to be taxed

There has to be very little or no outstanding finance on the car

There has to no other loans secured against it

If you are happy with that are are sure you can clear the full amount along with the average 10% interest charge for the month, then feel free to apply online.