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107 – 3 door – 5 door – Quotes
Peugeot 107 logbook loan
Please be advised that logbook loans can result in you having your car repossessed. Do not enter into any agreement if you are uncertain that you will not be able to clear the amount in full fast, which we recommend being within 30 days, 60 maximum. Logbook loans are a way of securing short term finance similar to payday loans whereby you are using the V5 documentation of your Peugeot 107 as security.
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It is short term funding designed to by paid within 30 days, so APR is generally very very high, sometimes around or over the 400% mark, however, if you do pay back quickly, you only pay around 10% in interest charges. You should only enter into a logbook loans agreement if you are supremely confident of clearing the full amount along with the monthly interest charge with 30 days, 60 maximum as after that period the interest charges fail to be competitive and if you start to default or fail to repay the whole amount you could lose your Peugeot 107.
However if you know for a fact that you can repay the whole amount quickly, then logbook loans may be an idea form of borrowing for you. Bad credit applications are welcomed as there are no credit checks as the loan amount is secured against your vehicle.
Peugeot log book loans
Your Peugeot 107 has to be under 10 years of age
You have to be over 18
You have to be a UK resident
There has to be very little or no outstanding finance on the 107
There has to be no other loans secured against the Peugeot
Technically whilst funds are outstanding you are not the registered owner of the vehicle
The logbook is returned to you upon clearing the cash advance
You still get to drive and use the Peugeot 107 whilst funds are outstanding.
If you are happy with the above and feel you can clear the loan quickly, then feel free to apply online and you could have a quick instant payout on your logbook loan.
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