Loan on Your Car Loans | Reviews

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Loan on Your Car Loans

About Loan on Your Car Loans

The logbook loan sector has endured great turmoil in recent years with various closures and with site rankings dropping off the map for many competing brands. This is why it was great news to hear of a new logbook lender emerge with such an intriguing service. It would be impossible for any random start-up to make such an instant impact, but behind the company in focus is Paul Hilburn who was founder of the successful Car Cash Point brand. We believe he is still a small shareholder there, but there is no working relationship now and the firms are in fact now locking horns for the top spot for most visited.

The launch of went ahead in late 2019. This was very bad timing with the pandemic that would soon follow. What has really helped this lender to overcome the troubling times has been their approach to completing the loan process fully online. There are no visits required here, with inspections taking place via WhatsApp. They also use e-sign that speeds up payouts to around an hour. There is no need to hand over your logbook or spare key as well. This service runs on a Hire Purchase agreement rather than Bill of Sale and so this also opens up coverage to those in Northern Ireland and Scotland. Bad credit, self-employment etc are accepted.

They’ll lend up to 70% of trade value on amounts ranging from £500 to £100,000 with term options of 12 to 60 months. There is a Premium option (£5000 to £250,000) for those lucky few with classics and supercars. For pricing, value is competitive with a £1000 year charge of £890. There are no late fees. Unfortunately, there is a 10 year limit on the vehicle’s age plus minimum value of £1500. This lender is closed at the weekends, but the no visit process makes up for this. Of note are the Loan on Your Car reviews on Trustpilot where they rate at 98% from 230+ reviews. Despite their new age, this is already top rated in the sector.

Company Details

Address: 333 Edgware Road, London, NW9 6TD

Brand: Loan on Your Car (aka: LoanonYourCar)

Company: J2P Autos Ltd

Contact (📧):

Contact (☎): 0333 577 5000

FCA Licence: 833404

Launched: 2019

Niche: Logbook

Opening Hours: Mon/Fri (8am-5.30pm)

Related Brands: Non

Site Address:

Site Rank ( Global): #8,429,534

Product Specs

Amounts Available: £500 to £100,000

Amounts Available (Premium): £5000 to £250,000

Late Payment Fee: £0

Login Provided: No

Pricing: £890 /£1000 (12m) & £1310 /£1000 (18m)

Repayment Terms: 12 to 60 months (options undisclosed)

Required Age: Vehicles under 10 years are accepted (exceptions for Premium)

Review Feedback

Feefo: Not listed

Reviews: Not listed

Trustpilot: 98% (230+ count)

Rivals & Similar Lenders Like Loan on Your Car

Loans 2 Go had been the market leader, but they’ve of course now left the sector. Mobile Money may have the highest current rank, but they now broker only. Battling for #1 sees closely matched ranks between the company in focus and the owner’s past CCP project. There are many excellent features built in to this featured service. Alternatives would be ideal in the scenario for instance when you are looking to cover an older aged motor. Perhaps you also want a cheaper deal. For an older motor Logbook Money will cover all ages whilst on value MotorKitty is the place to check out. We did previously add Varooma in both cases (age/value), but they have recently stopped lending.

Last Check @ May 6th, 2021

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