MotorKitty Loans | www.motorkitty.co.uk Reviews
About MotorKitty Loans
MotorKitty is still relatively fresh on the scene having arrived back in 2016. They were able to adjust quickly as the founder Damon Hirschl had built the Varooma company from the ground up. They got off to a great start soon after launching, but this was short lived and they don’t appear to be doing so well now, evident from being Alexa unranked. This may well change soon. Logbook lending has proved tricky throughout the pandemic. What’s really helped newcomer Loan on Your Car to overcome this has been their innovative online process with no such required visits. MotorKitty’s service certainly deserves greater attention as it is delivers excellent market value set across varied interest tiers.
These tiers run as: Very Poor, Poor, Average, Good and Excellent. When opting for a £1000 loan over 12 months these costs would vary as £200, £269.96, £449.96, £650 and £749.96. There is a best price guarantee provided of a 10% bonus plus a £50 Amazon gift voucher. For reference, the only rival that beats their lowest tier is V5 Loans at £640.60, but V5 appears to be a potential closure. MotorKitty logbook loans extend to 60% of trade value on sums ranging from £500 to £5000. The 3 to 24 monthly term range isn’t very wide, but you can pick any month between. They send reps that can meet across England, Northern Ireland and Wales.
Payouts within hours of approval are possible. There are a few issues with the information presented on www.motorkitty.co.uk. They don’t for instance share details on the age limit on qualifying cars. They also reference a 2 day grace period on late payments, but don’t specify the fee after this. In different sections of the site varied opening hours are also noted. We did send queries on specific questions such as the vehicle age, but didn’t receive anything back. Customer support and repayment issues were generally raised the most on Trustpilot. Others liked the service, but it’s a mixed bag overall that you can tell from their 66% rating. With tinkering we’d surely see this lender challenging for market share.
Address: 1 Parkshot, Richmond, TW9 2RD
Brand: MotorKitty (aka: Motor Kitty), MotorKitty Logbook Loans
Company: Creative Finance Corp Ltd
Contact (📧): email@example.com
Contact (☎): 0330 311 2867
FCA Licence: 702435
Opening Hours: Mon/Thu (9am-7pm), Fri (9am-6pm)
Related Brands: Non
Site Address: www.motorkitty.co.uk
Site Rank (Alexa.com Global): Unranked
Amounts Available: £500 to £5000
Late Payment Fee: £0 (2 day grace period) | After grace: Not disclosed
Manage: No, a MotorKitty login is not provided
Pricing: £200 to £749.96 /£1000 (12m) & £299.96 to £1125.08 /£1000 (18m)
Repayment Terms: 3 to 24 months (any month between)
Required Age: Not disclosed
Feefo: Not listed
Reviews: Not listed
Trustpilot: 66% (110+ count)
Rivals & Similar Lenders Like MotorKitty
With V5 appearing as a likely closure and Varooma recently switching to brokering, the lender in focus is the clear choice for great value in this sector. Loan on Your Car is the choice for efficiency, Car Cash Point is the most recognisable brand and then there’s Logbook Money who impose no limit on your vehicle’s age. Outside of these, you’d be best advised to check out other subprime markets. Creditspring is great on the pricing side charging just £120 per £1000 over a year (fee paid as membership). If you can find a backing then GuarantorMyLoan would only cost £129.81 if cashback was earned. Both of these example firms will consider people with bad credit.
Last Check @ www.motorkitty.co.uk: June 6th, 2021
Submit your review