Drive for Equality

Archive for the ‘Car Finance’ Category

If you wish to apply for a car log book loan, the process can be started online. Applying online will allow you receive a preliminary decision, and can save you time. You will need to completely fill out the online application with current and verifiable information in order to be considered for a loan. The application should take no more than a few minutes to complete and submit. All information is transmitted securely.

The condition of your car will still need to be determined, therefore a visit to the lending location is required. You will need to take along some form of photo identification, a current utility bill, your logbook, and insurance certificate. Loan amounts of as much as £5,000 are possible. The maximum amount that you can borrow will be based on the value of your car.

A car log book loan is payable over the course of as many months. Monthly payments will need to be made in order to keep the loan in good standing. You may make weekly payments if you wish, so long as the monthly total due is paid. There are many online resources that can be used to learn more about this loan type. Once you decide that this type of loan is a good fit for you, simply select your lenders and submit the online application.

With budgets tight for many people the difference between the car of your dreams and the car sitting out on the drive may be something like the difference between James Bond’s Aston Martin DBS V12 and Chitty Chitty Bang Bang.  The day that the one sitting on the drive adds ‘clunk’ to its name can be devastating.  While Chitty makes her way to that great scrap yard in the sky, you’ll be left pondering how you can afford to replace her.  With budgets tight you may well be wondering if you can afford to replace her.  While selling the house, kids and any remaining grandparents can help you to realise that James Bond lifestyle, there are other ways to upgrade to a more reliable model.

On-going costs

There are two important factors to consider when buying an old car; they tend to be less fuel efficient than the latest models; they are also prone to making the ‘bang-bang-clunk’ sound of your recently deceased run-about.  Fuel costs are not going anywhere but up at the moment, with wars and uprisings ‘de-rigueur’ in any self-respecting Arab country at the moment, this situation is unlikely to change anytime soon.  Repair bills can be costly, as can making your way home and trying to find alternative ways to work while the car is getting ‘fixed’.

Reliability and low running costs

By contrast new cars are built with fuel efficiency in mind.  Car manufacturers across Europe are aware that sustainable technologies are the future – the fact that oil is running out has prompted them as has the fact that the countries that produce it are otherwise occupied at the moment.  While a brand new car may be out of the question, the more recent models should be considered and buying the most fuel efficient model you should make savings over its lifetime.  These savings can offset the cost of buying a car on finance.  The same applies to breakdowns and repairs; the newer the car, the less likely that ‘clunk’ sound is to become a background feature in your day to day routine (and the occasional nightmare).

Finance products

Finance options vary and there are plenty of deals available from dealers.  These usually come with the odd sweetener or two – full fuel tanks and road tax are common – but rates can vary.  Before arranging finance through your dealership, shop around online to see what products are available.  A range of car finance loans have become available in recent years based on the personal loan model.  This type of loan gives you more freedom to shop around the dealerships and find a model that suits your budget without having to check the finance on offer from each dealership.  By using car finance to buy the most fuel efficient model and the newest you can afford, the savings during the lifetime of the car can often mount up very satisfactorily indeed.