Car Cash Point Review

Car Cash Point have the lowest interest rates of any of the other logbook loans offered in the UK so its not hard to understand why we rate them the #1 lender. That’s not the only reason though because there are several other points that make Car Cash Point stand head and shoulders above their competition.

First off, you can secure a loan of up to 50% of the value of your car which you will struggle to find with other lenders and you can spread the repayments out over a full 2 years. Pay the loan off early and while some other lenders start demanding an early settlement fee, Car Cash Point will reward you by deducting outstanding interest owed.

The other reason we rate Car Cash Point so highly is that there are no hidden fees should you be unable to repay the loan and extending the terms is not a viable option. They will simply sell your car for the best possible price and give you the difference after they have deducted what you owe from the proceeds of the sale.

If you are struggling to pay the loan back and an extension is the best option in your circumstances, again they show why they are such an ethical company to do business with. All that is needed is for you to settle any interest accrued and then continue to borrow as normal and again with no penalty charges or no increase in interest rates hidden away in the small print.

The Application Process

You apply via their web site by filling in a short form which asks for details about your vehicle. Car Cash Point will then value your car and contact you with a no obligation offer of a loan.

If you are happy with the quote you will then need to take your logbook and car along to one of their nationwide branches so they can confirm its condition and value. Once you have signed the contract you can drive away with either a cheque or cash, usually within the hour. If your loan is for £5000 or more they will send someone to your home as you would qualify for their prestige service.

How much does it cost?

A £500 loan will cost you £16.31 per week for 104 weeks which makes the fixed annual interest rate just under 120% and the APR 356%

Compare that with the UK’s next best logbook loan company which has an APR of 478% and its easy to see why Car Cash Point are easily the cheapest lender in the UK. Remember too that you are welcome to settle the debt at any time and you only pay interest on the months that you had the loan.

Overview Of Our Car Cash Point Review

Here are the main reasons we rate this our #1 logbook loan option.

• Borrow up to 50% of the value of your vehicle
• No credit checks
• Accepts self employed
• No contact with your employer
• Accept vehicles with outstanding finance
• Repayments spread over 104 weeks
• No early settlement fees

If you are looking for a logbook loan as a way to raise some emergency funds then without a doubt Car Cash Point is your best option.

You can take a look at their online application form by clicking here.