Logbook loans, sometimes referred to as ‘Log Book Loans,’ are a popular way to access finance by releasing the value of your vehicle. Using a vehicle such as a car, motorcycle, van or otherwise as security for the loan, a logbook loan allows borrowers to take out a loan worth up to around 50% or more of the value of the vehicle.

  • Secured against your car, bike or van
  • Borrow £500 to £50,000
  • Borrow up to 70% of your vehicle value
  • Repay over 5 Years (most last just over a year)
  • Receive funds within hours or days of approval
  • Representative APR ranges from 89% to 450% (depending on lender)

The amount you can borrow from logbook loans typically ranges from £500 and £50,000 and depending on the amount borrowed and the terms agreed between the lender and the borrower; tend to last between 2 and 5 years repaid weekly or monthly. They can be a great way to raise finance whether you have an emergency expense or need money before your next pay cheque or invoice has been paid. 

Successful applicants will receive their funds in just a few hours or just a few days, depending on the amount or complexity of the application. Funds are transferred in one lump sum to your bank account, not in instalments.

You can borrow up to 70% of your vehicle value, provided that it is fairly new and in good condition. This amount will obviously vary depending on the age, mileage and condition of the vehicle.

Since the loan is secured against your vehicle, you run the risk of your car or van being repossessed by the lender if you cannot keep up with repayments. This is always a last resort and the loan provider will always carry out other methods to recover their costs, such as setting up an arrangement or flexible pay plan. The idea is that the logbook loan company sells your vehicle on the open market in order to recuperate the amount that they have lent out to you. If the vehicle sells for less than the amount owed, you may still be required to continue paying the balance.

Apply For a Logbook Loan Online

At LogbookLoans.com, we have carefully selected a number of leading logbook loan companies in the UK to help you obtain the finance you need. Simply complete the application below and your enquiry will be sent to one our partners who will contact you and guide you through the application process.

We offer logbook loans in London, Birmingham, Bristol, Cardiff, Manchester, Liverpool, Leeds, Essex, Chelmsford, Sheffield, Cambridge, Derby, Coventry, Brighton and Bolton. We are able to accommodate most locations in the UK and are confident that we can find a provider near you.

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How Does a Logbook Loan Work?

Regulated in the UK by the Bill of Sale Act 1878 and the Bill of Sale Act Amendment Act 1882, logbook loans allow speedy borrowing of much needed funds. During the application process, the vehicle’s ownership is transferred to the lender through a ‘bill of sale.’ The borrower will give over their V5 Registration document to the lender for the duration of the loan, known as the ‘logbook.’


In addition, the borrower may need to provide a number of personal and relevant details such as a valid MOT certificate, proof of address and other details. Throughout the duration of the loan, the lender will retain ownership of the vehicle, which will only be reinstated to the borrower upon completion of the loan repayments.

Logbook loans are a simple way of borrowing up to £50,000, in a way that causes minimum disruption and change to the borrower’s financial status; allowing the retention of the vehicle so long as repayments are kept up to date.

Get in touch with us today to find out how one of our providers can provide you with the much needed logbook loan, to help get you on the way to securing that much needed loan.

Applying for Logbook Loans Online

Taking out a logbook loan is a straightforward process and subject to the necessary checks and formalities, you could get the money in your account on the very same day as your application. Once the relevant documentation and paperwork is completed, you will start your agreed payment plan with the lender.

The application process for a logbook loan is not difficult and by comparing many lenders online, you will be able to get the best deal on a loan, with your vehicle acting as security.


Whether using a desktop, mobile or tablet device, you can apply easily and in a matter of minutes for that much needed loan. While in years gone by it may have been necessary to have to shop around the high street and compare multiple lenders over the course of a number of days and weeks, comparing what is available online is more convenient and time friendly. It also means you can secure the best deal quicker than previously available.


Which Vehicles are Eligible for a Logbook Loan?

No matter the type of vehicle you wish to use as security for a logbook loan, chances are that it qualifies as an eligible vehicle. From cars, to vans, motorbikes, classic cars and others, there is certainly no shortage of options for vehicles to use as loan security. As long as you own the car, you can get started immediately with applying for a loan.

Logbook Loans for Motorbikes

Motorbikes are a popular vehicle to secure your loan against. With many models of motorbikes costing well over £5,000, if you are a motorbike owner, you will likely be able to borrow over £1,000 secured against your motorcycle.

Be sure to read the small print from your loan provider of choice though and ensure that if your motorbike is your tool of work, failure to meet the repayments may result in it being repossessed, impacting upon your income.

Logbook Loans for Vans

Depending on the provider and their lending criteria, logbook loans for vans may include transit type vans, camper vans and flatbed type vehicles. With the vast majority of vans and van type vehicles being used as tools of work to generate income, it is of paramount importance that you are able to make repayments.

As with motorcycle logbook loans, failure to repay the loan when securing it against a van, could result in you losing your vehicle, which would likely impact your ability to repay the loan.

Logbook Loans for Older Cars

Just because a vehicle is older, doesn’t mean you can’t use it as the required security for a logbook loan. Older cars, such as those that may perhaps be 5 years old or more are often eligible to be used for a logbook loan. Lenders tend to favour newer cars, as they are worth more and therefore greater amounts can be secured against them for the loan.

However, it is always worth checking out a number of logbook lenders to see which will provide you with the loan that is best for you, using your older car.

Logbook Loans for Classic Cars

Classic cars are those defined as those being over 25 years (although the HMRC says it could be as much as 40 years old) and are actually sometimes considered more valuable because of their uniqueness. Sure, not every classic car is going to be a Ferrari or Rolls Royce, but even ones like a Mercedes, Ford Capri or Ford Puma will count as a vintage classic. Provided that it is still in good condition, you can use it as collateral for your loan and apply for the funds your need.

What Makes Logbook Loans so Popular?

There is no shortage of loans around in the UK. No matter the amount you are seeking to borrow, the chances are that there is a loan that will work for you, your family, your credit rating and your financial status.

However, for those who may have been refused credit previously and who are finding it hard to secure a loan elsewhere, logbook loans plug the gap in the market. Increasing numbers of people in the UK now own a vehicle of some type; be it a van, motorcycle or car. Hence, using a vehicle as security is a very convenient way to secure that much needed loan.

Hence, this type of finance appeals to those with adverse or poor credit, allowing them to leverage the value of their automobile to get the finance they require to pursue every day life.

Consider the Risks of a Loan

Whilst logbook loans are a popular and useful way to borrow money and potentially receive funds very quickly into your account, as with all secured and unsecured loans, there are a few risks that you should consider before taking out such a loan.

These include:

  • To qualify for a logbook loan, you need to be the legal owner and registered keeper of the vehicle to be used as security
  • Failure to repay the loan may result in the forfeit of your vehicle
  • No court order is needed in the UK for the lender to seize your vehicle
  • Failure to keep up repayments on the loan will be detrimental to your credit rating and ability to borrow in the future
  • As with any loan, you should only take out a logbook loan when absolutely necessary

Subject to all risks being accounted for and your financial status and earnings being taken into account, a logbook loan could well be the convenient solution you have been seeking.

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