Frequently Asked Questions

How quickly can I get cash?

Within 1 hour from completion of the loan.

Where can I complete the loan?

Simply call us on 0845 459 2274 or apply online to arrange A Logbook Loan. Car Cash Point can organise an appointment for you to either visit our office or for one of our nationwide Company Representatives to come to your home or place of work to complete the loan for you. On completion of the loan we will arrange for an immediate bank to bank transfer of your loan directly to your bank account.

Am I guaranteed to be accepted?

Yes - if your car meets our minimum requirements and you are in full time employment or can prove a regular income. There are no credit checks

What are the setup, administration, early repayment and exit fees?

No Fees - Guaranteed

How does a Car Cash Point compare to other Logbook Loans and Payday type loans?

Car Cash Point is lowest rate and best value Logbook Loan providers in the UK.

Car Cash Point weekly repayments are up to 87% cheaper than other Logbook loans and Payday type loans. Car Cash Point asks you to hold the loan for minimum period of 12 weeks. After the 12 weeks have expired you are able to settle early at any time and only pay interest for the time your borrowed the money. In addition, Car Cash Point allows you to make additional capital overpayments throughout the term of your loan. Your overpayments will be deducted from the original amount your borrowed and your new interest and capital payments will be re-calculated over the remaining term. The means you pay significantly less interest with no payment penalties – guaranteed!

Will you consider cars with finance?

No.

How can I apply?

Apply online or call 0845 459 2274.

How much cash can I raise?

At Car Cash Point you can borrow from £500 - £50,000. The maximum loan is up to 50% of the trade value of your car and is repayable from 78 weeks [18 months] to a maximum of 156 weeks [36 months]. The age and value of the vehicle will determine the maximum length of the agreement Car Cash Point can over you. Check the rates page for further details.

What repayment options are offered?

Weekly repayments are made into our bank account by direct debit or standing order. We can also offer the option of monthly payments in certain circumstances.

Can I use my car during the loan?

Yes.

Who is responsible for the maintenance and insurance of the car for the loan term?

It is your responsibility to comprehensively insure, tax, MOT and maintain your car.

Can I repay the loan early?

Yes, you can settle the outstanding debt at any time. Settle early and pay less interest with no penalties.

Can I extend the loan?

If you need to extend your car loan simply ask for an extension. If your extension is accepted, all you need to do is pay the interest accrued to date. Then you continue borrowing as normal for a further 78 weeks on exactly the same fixed rate with no penalty or extension charge.

What happens if I can't repay the loan?

If for any reason you can't pay off your car loan and you do not want to extend the loan further, then Car Cash Point will look to sell the car and settle the loan on your behalf. We always try to get the best possible price for your car and if we receive more money than the loan and interest repaid will return the surplus to you directly.