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Property section
Finance section
Sport | SE | HSE | Groups | Quotes
Range Rover Sport Logbook loans
It is still possible to use your Range Rover Sport V5 documentation as security on finance. Gaining short term funding like this is termed logbook loans, and it can be a convenient and quick way of getting your hands on a larger cash advance fast. Instant log book loans are also very risky. Ideally you need to pay back the advance within 30 to 60 days so that interest charges stay to a minimum, plus failure to repay the full amount with the interest accrued can result in repossession of your Range Rover Sport.
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You still retain the vehicle, and can drive it as normal, however, you are obliged to sign over the logbook to the loans company. Technically, they own the Range Rover whilst funds are outstanding, and this means that failure to keep up with repayments, or indeed missing payments, means the lender is well within their rights to repossess the motor at any point. This shouldn't happen if you enter into the agreement knowing full well it needs repaying quick smart.
Range Rover Logbook loan
A brief outline of borrowing terms:
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The Range Rover Sport need to be under 10 years of age
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You have to be over 18
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There has to be very little or no outstanding finance on the Sport
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There has to no other loans secured against it
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You have to named on the v5 doc
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You have to reside in the UK
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The 4x4 has to be taxed
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You must be fully aware of the risks of repossession
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Ideally you should be 100 percent certain of repayment within 25 to 59 days
If your happy, then feel free to apply online, and you could visit one of the national offices and have your logbook loan paid out instantly.
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