Logbook Money Loans | www.logbookmoney.com Reviews

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Logbook Money Loans

About Logbook Money Loans

Logbook Money has emerged as a key player in the logbook sector. This brand was launched by Andrew Gardiner back in 2009. V5 Solutions is now also Group owned. V5 had been previously part of Betterpace Ltd. It has been impressive partnerships that has made this particular firm highly intriguing. A well known lender (Varooma) recently switched to brokering and went exclusively with them. A few established high street brands are also sending referrals including Cash Converters and Ramsdens. Whilst several key partners are sending visitors across it is surprising to see www.logbookmoney.com be unranked in Alexa. We’d expect this to change soon and we have already noticed more recent reviews start to pop up.

What makes this lender an attractive proposition is that they impose no required age limit on the car that you own. This is perhaps what attracted Varooma as they themselves had no such restriction. There is however a heavy price to pay when choosing this service. The representative example that they display comes with an £1800 per £1000 cost over 18 months (that would be £1200 over a year if that was possible). If you however use their current attached loan calculator then the cost comes in at £1980 (equates to £1320 for 12m). The term range is 18 to 48 months and so for a year you’d need to go longer and opt for an early settlement.

Once an application moves forward an agent will come to your home or to a location of your choice to run through the process. All being well, you can expect a same day transfer. Most areas of England and Wales are covered. Bad credit and CCJs, self-employment etc are all considered. It’s key that affordability can be demonstrated. To measure this they will need to see bank statements and some proof of income heading back over the past 3 months. Whilst there is no site login integrated there is an online payment page. As was noted, reviews have started to spring up on Trustpilot although the complete tally is still small. They do however score impressively at 90%.

Company Details

Address: PO Box 762, Wetherby, LS22 9GJ

Brand: Logbook Money (aka: LogbookMoney)

Company: Logbook Money Ltd

Contact (📧): admin@logbookmoney.com

Contact (☎): 0333 241 2344

FCA Licence: 680947

Launched: 2009

Niche: Logbook

Opening Hours: Mon/Thu (9am-7pm), Fri (9am-6pm), Sat (9am-2pm)

Related Brands: V5 Solutions

Site Address: www.logbookmoney.com

Site Rank (Alexa.com Global): Unranked

Product Specs

Amounts Available: £1000 to £10,000 (all customers)

Late Payment Fee: £12

Manage: No, a Logbook Money login is not provided

Pricing: £1980 /£1000 (18m)

Repayment Terms: 18 to 48 months (18, 24, 30, 36, 42 & 48)

Required Age: All aged vehicles are considered

Review Feedback

Feefo: Not listed

Reviews: 85% (10+ count)

Trustpilot: 90% (70+ count)

Rivals & Similar Lenders Like Logbook Money

This is now the only known current firm to not impose limits on a vehicle’s age. Across the market the usual requirement is 10 years that can typically only be avoided if you have a highly valuable prestige model. If you are seeking market value then MotorKitty would be the ideal choice with their 18m £1k price ranging being £299.96 and £1125.08 depending on how your application is scored. Even the most expensive price there is much lower than £1980. You can also receive better pricing at the 2 leading market brands. Outside of this, choice is limited and so you’d be advised to shop around for subprime unsecured or guarantor supported products.

Last Check @ www.logbookmoney.com: June 24th, 2021

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