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Logbook Loans Alternative for Scotland

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Loans from £500 - £100KNo logbook requiredCash in 1 hourSettle early penalty freeOverpayments allowed

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Representative APR 204.2%

Prefer to speak with someone? CALL 0333 577 5000

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Representative Example:

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 389.1%.

Your loan is secured against the vehicle and missing payments could put the car at risk of repossession.

Logbook Loans Alternative for Scotland

What is Vehicle Equity Release?

Vehicle Equity Release is a cash loan that lets you borrow against the value of your car. It is a fairer, simpler and quicker alternative to logbook loans. In contrast to traditional logbook loans, you do not need to surrender your logbook or car keys. You can complete your application exclusively online, without the requirement of a face to face meeting.

LoanOnYourCar.com is a direct lender that embraces digital technology in all stages of the application process, rendering this loan the fastest way to get your funds within the same day. You sign forms electronically, have your car inspected through a video-call andcomplete an affordability assessment remotely.

Besides, Vehicle Equity Release protects you much more than a traditional logbook loan as it operates under the latest legislation, using a Hire Purchase agreement. Logbook loans still work with the Bill of Sales, which is an antiquated, form of law.

Vehicle Equity Release requires an affordability assessment to protect both you from borrowing more than you can afford to pay. The evaluation is a simple digital process, making this type of no-guarantor loan a very discrete choice as well.

About LoanOnYourCar.com

LoanOnYourCar.com is a direct lender operating under the supervision of the Financial Conduct Authority (FCA) and accredited by the Consumer Credit Trade Association (CCTA). Using a Hire Purchase agreement, Vehicle Equity Release is a safer and fairer alternative to traditional logbook loans for people who need a secured method to get cash quickly.

With a combined experience of over 30 years and leadership in the consumer credit and finance industry, LoanOnYourCar.com is one of the most trusted companies in the non-bank lending sector.

We are an entirely digitised business eliminating the need for an agent visit. We handle everything remotely, securely and quickly through e-signature features, video-call car inspections, electronic document transmission and remote affordability evaluation. No home visit is required.

We welcome your call to our expert team at 0333 577 5000 for a no-obligation quote, or you can apply online and get an offer within minutes.

Why go with LoanOnYourCar.com in Scotland?

Logbook loans are not legal in Scotland. Therefore, our Vehicle Equity Release could be just what you need to secure a loan, at a competitive rate. Whatever you need the loan for, we make it quick and hassle-free to apply. Simply give us your Registration Number for an instant decision. In most cases, you can have the money in your bank account within an hour.

At LoanOnYourCar.com, we provide an alternative to logbook loans throughout Scotland to customers in all our major cities including;

● Glasgow

● Edinburgh

● Aberdeen

● Dundee

● Inverness

● Perth

● Stirling

● Paisley

● Falkirk

● Cumbernauld

What are you waiting for? Take advantage of our logbook loans alternative, Vehicle Equity Release, which is perfectly tailored to the needs of customers in Scotland.

Why choose a Vehicle Equity Release as alternative to Logbook Loans in Scotland?

Vehicle Equity Release, like Logbook Loans, can help to lift the traditional borrowing constraints around most unsecured personal loans. However, as Logbook loans use a Bill of sale they are not legal in Scotland. Therefore, as Vehicle Equity Release uses a Hire Purchase agreement, they are a great option. Many of our customers find that they’re able to borrow more or get a better rate of interest than with other finance products. They are particularly advantageous for those who have less than stellar credit ratings and either cannot get access to consumer credit or only have access to products with exorbitant repayment rates. Vehicle Equity Release is are secured against your vehicle, so the lender saves money. As a lender, we can then pass those savings on to you in the form of better rates.

How does Vehicle Equity Release in Scotland work?

The application is simple. All you have to do is tell us;

● Your vehicle Reg Number

● Your vehicle’s mileage

● How much you wish to borrow

● Your name and contact details

As long as you’re over 18 and the vehicle’s legal owner, we’ll be able to provide you with a zero-obligation quote. With loans from £500 -£100K, we can give you quick and easy access to the cash you need.

Can I still drive my car, bike or van?

Of course! That’s the beauty of Logbook Loan alternative, Vehicle Equity Release in Scotland. You can still continue to use your vehicle for your daily commute, your school run or spending your free time traversing Scotland’s incredible cities and the natural beauty of her highlands and lowlands. The only thing that’s changed is that ownership of the vehicle has been temporarily transferred to us until the loan is repaid. The only thing that’s usually retained is the vehicle’s logbook. Hence the name. However, unlike other lenders, we allow you to keep your logbook!

How are Scottish Logbook Loans different to English or Welsh Logbook Loans?

Not all Logbook Loans are compatible with Scottish laws. Many UK Logbook Loan lenders structure the loan as an antiquated Bill of Sale which is not legally recognised in Scotland. We, however, offer the loan as a Hire Purchase Agreement in line with Scottish finance regulations.

Why choose us for your release the cash in your car in Scotland?

Because Scottish finance laws differ subtly to the rest of the UK, not all national Logbook Loan providers will provide a product which is suitable for Scottish customers. Fortunately, our Vehicle Equity Release product is fully compliant with stringent Scottish finance regulations, meaning that customers all over Scotland are safe and protected. We’re regulated by Financial Conduct Authority and a proud member of the Consumer Credit Trade Association offering you complete peace of mind.

Generous loans tailored to your needs

We will typically lend you up to 60% of your vehicle’s value. We’re usually able to offer far more generous amounts to car owners than they might be offered on a credit card or an unsecured personal loan.

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