Aston Martin Vantage
- Market Value: £12,000
- Loan Value: £25,000
Logbook Loans explained
Logbook Loans Review
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If you borrow £1,000 over 36 months at a flat rate of 84% per annum [fixed] with a Representative 204.2% APR you will make 36 monthly payments of £97.98, making a total amount repayable of £3,660.00 including £30.00 document fee and £20.00 Option To Purchase fee. The total charge for credit is £2.660.00. Loan repayment length from 18 to 60 months. The maximum APR is 232.1%.
Your loan is secured against the vehicle and missing payments could put the car at risk of repossession.
|Loan Features:||Loanonyourcar.com||Other logbook Lenders|
|Agreement||Hire Purchase agreement - regulated by the Consumer Credit Act 1974||Bill of Sale agreement - regulated by the Bill of Sale act 1882|
|Home Visit Required|
No home visit required
Yes, a face-to-face in your home is required
|Loan Documentation and Car Inspection|
All loans are completed online using e-signature and we inspect your car via 'WhatsApp'.
Company Agent to complete loan documentation and car inspection during face -to- face home visit.
|Speed of Pay-out|
We aim to pay out your loan with 1 hour.
1-2 days and is subject to receipt of contacts and loan documentation being received from the agent.
|Logbook and spare key required|
We NEVER ask you for your logbook or spare key.
You must surrender your logbook book, and on occasion a spare key.
Our representative APR is 204.2%
Representative APR for other Logbook Lenders range from 209% to 500%
|Extra Fees and Charges|
£30 document fee and £20.00 option . No other fees or charges.
|Other Logbook Lenders charge a loan set up or administration fee c£60. Some lenders charge extra for phone calls and texts.|
|Settle Early and Minimum Period|
Yes, settle the loan 100% penalty free at any time and no minimum loan period.
Yes, subject to lenders specific early redemption charges and in some cases minimum loan period.
Yes, overpayments allowed.
Yes, overpayments are allowed.
Your loan will be secured against the vehicle and missing payments could put the car at risk of repossession.
Therefore you need to ensure you understand the total cost of credit and confirm the loan is affordable within your current monthly expenses.
At LoanOnYourCar.com you can settle your loan early penalty-free at any time during the term saving you money on interest repayments. However, before you complete the loan, you are advised to consider the total amount payable over the term of the agreement, including the total interest payable at the end of the repayment period.