LogBook Loans 247

The merchant asks for photo identification, bank statements and proof of insurance. It also lists the original V5 logbook and proof of income.

The applicant must own the vehicle. It must be taxed, fully comprehensively insured and have a valid MOT if required.

The merchant holds the V5 logbook and a spare key if one is available. The vehicle remains in the applicant’s possession and use during the agreement.

The merchant does not lend against scooters. Motorbikes must have an engine size of at least 500cc.

The merchant checks whether the vehicle qualifies and asks for identification. Once approved, an agent visits the applicant.

The merchant asks for documents confirming identity and address, together with vehicle documentation such as the V5 logbook. It may also ask for proof of ownership.