Simple Logbook Loans: What you need to know about them

Have you ever found yourself in a tight financial situation and in need of immediate money to bail you out? One way to get money quick and easy is by using logbook loans. With the help of your V5 document, you should be able to get some good cash to get you out of your financial situation. When compared to other types of loans, logbook loans are easier to get. However, before you go ahead and apply for your first logbook loan, take note of some of the following things.

What is a logbook loan?

As Wikipedia puts it, a logbook loan is a secured form of lending in the United Kingdom. A certain amount of money is issued by a certified lender to the borrower with the borrower’s logbook acting as collateral. If the amount is not repaid in time, the lender is allowed to take possession of the automobile as stated in the loan agreement. The amount given depends on your vehicle’s make and model. Latest models are likely to fetch more loan amounts than old models.

Why you need a logbook loan

Apart from the obvious reason, lack of money, logbook loans come with many advantages that make them worth going for. Here are some of them.

  • Easy to acquire: Unlike other loans, the process of acquiring a SimpleLogbookLoan is quite fast and simple to go through. In some cases, it could even take a couple of hours and you are done.
  • Logbook loans are a good way to take advantage of your used car. Instead of letting it stay in your garage, you could use your old car to take a logbook loan and get a financial boost.
  • Are good for bad credit: You can get a loan even if you have a poor credit record. As long as you can prove a source of continuous income, you should be able to acquire one.
  • Zero restrictions: Whatever you do with the loan is your problem. You do not need to give the lender an explanation of what you intend to do with the money.
  • No hidden fees or payments: Once you have chosen your fixed repayment plan, you can be sure that your monthly payment amounts will not change until the loan is paid back. You should expect no sudden taxes or fees during the repayment period.
  • Flexibility: Did you know that you could negotiate your interest rates and repayment instalments? By developing a good rapport with your lender, you could get very favourable rates for larger amounts in the future.

From the above, you can see how logbook loans can be beneficial to you. Therefore, don’t hesitate to use yours to help you through your financial situation as soon as possible.

Trends: Where is the automotive industry headed?

In order to know the future, you need to go a little bit back in time. Where did it all start? Did you know that the first automobile was designed by François Isaac de Rivaz in the year 1808? That’s a couple of centuries back. Just imagine how much cars have changed since then; from hydrogen fuelled combustion engines to diesel and petrol engines to the modern electric powered car.  If such change has taken place over the few hundreds of years, does it mean that the automobile industry is nearing its end? On the contrary, could the 21st century witness a new era of road vehicle technology? Well, it’s really hard to say.

Fuelling

With the world going green, automobile manufacturers are making every effort to produce the most environmentally friendly cars. Take a look at what vehicles use for fuel these days. Some time back, the electric car seemed like an idea you could only fantasize about. Thanks to innovative technology, electric vehicles have become a reality. Although they haven’t been commercialized that much on a global scale, you could still purchase one and drive it on the roads of the UK. It doesn’t end there.

Nowadays, there are hybrid cars that can combine more than one source of fuel. For instance, some vehicles can combine electricity and bio-diesel. Apart from electric cars, innovations are also being made for alternative sources of fuel such as hydrogen, vegetable oil, and even water. Don’t believe it? Check out the Genepax Japanese Car online and see for yourself.

Smart integration

Have you noticed how everything is being smartly integrated nowadays? That includes cars too. Development of technology has seen modern vehicles being fitted with some very impressive gadgets and systems. They have more interactive systems that allow the driver to feel at one with the car. It’s funny that you can even ask your own vehicle for directions these days just by speaking to it. Additionally, it’s also possible to receive and make calls, brew coffee, refrigerate your soda, and so on.

With smart integration technology, you can now link your automobile to your very own smart phone. This has made tracking very easy and will eventually help curb car thefts in the future. Additionally, such integration will help you monitor your vehicle’s condition more closely and enable you to properly maintain it.  Besides that, you can expect to call your car and have it drive to your location all on its own in the near future thanks to such technology. Give it some time. You’ll see.

Conclusion

With respect to the above trends, the future still seems bright for the automotive industry. As long as technology increases, you can expect to see cooler cars than the ones you see today in the near future. Very soon, you might be able to board a taxi with no driver and still get to your destination. It sounds a bit unbelievable right now, doesn’t it? Well, why don’t you wait and witness it for yourself? With the ever increasing demand for innovation and inventions, there is no telling what the future holds.

Are used cars better than brand new cars?

It’s normal to want to buy a new car. However, are brand new cars the best option for you? May be the time has come to try something different for a change. You never know. Used vehicles are actually not as bad as you think they are. In fact, a used car could be better than a brand new car in some cases. If you are looking to dispose your rusty old automobile for something different, you should really consider getting something that’ll suit your needs. Before you go for that brand new showroom car, here is why you should change your mind and consider purchasing a used car instead.

More variety

Although the automotive industry is expanding and new cars are constantly being introduced to the market, used vehicles will still give you access to more variety. You can even buy a car model that is no longer being produced in the industry. For instance, assume that you are in search of a vehicle produced in the year 2005. No matter how hard you try looking for it, you might never find it in the brand new market. However, when it comes to used cars you can get automobile models that date way back. In case you are looking for a classic car, a great option is to buy a used one, remodel it and then accessorise.

Affordability

In general, used cars tend to be easier on the pocket than brand new cars. Well, that’s if you are comparing similar makes and models. However, there are used automobiles that are pricier than new vehicles. Since used cars are cheaper, that means you can acquire a better performing vehicle at a more affordable amount than buying a new car. With used cars, you can be able to acquire your dream car sooner than you think. All you need to do is find the right vehicle dealer and use your negotiating skills well.

Slower depreciation

Brand new cars tend to be subject to steeper depreciation rate upon purchase. Therefore, you need to know that you will lose a chunk of your automobile’s value immediately you drive it off the showroom. On the other hand, used cars are sold when they are already depreciated. Even though they will still lose value with age, these cars will lose their value at a much slower rate than brand new cars. Thanks to modern technology, you can now check the historical information of your desired used vehicle and get its estimated value and rate of depreciation. So, you do not have to worry about a thing.

 

Ability to avoid fees

If you plan to buy a used car, then the best place to purchase one would be from a private seller. This is because dealerships tend to offer a lot of fees that could end up adding the overall cost of the vehicle. Think of it this way. Since the car dealer also bought that used car at a certain price, they will also need to make some profit from it. This is where the extra costs creep in. When it comes to a private seller, the case becomes a bit different because all you end up paying for is the original ask price the car owner requested. You won’t have to hear about advertisement or processing fees. Moreover, no taxation is involved here. That is why it is so much easier to avoid fees when acquiring a used car.

Tutorial: How to deal with a flat tyre

A car breakdown can be quite annoying and frustrating, especially if it is caused by a puncture. So, you are driving and suddenly you notice that one of your tyres is out for the very first time. What do you do? Don’t panic. Below is a step by step guide to help you out.

  • Safety first: Make sure you get your car to the safest place first. Don’t just stop or turn immediately you get a flat tyre. Try moving your vehicle somewhere that you can get some working space.
  • Get your tools: Once the hazard is on and you’ve placed your wheel wedges, get the necessary items out. That is, the spare tyre, car jack and spanner.
  • Find the jack spot: Since you are doing this for the first time, it is best to use your car manual to identify the jack spot. Placing the jack at the wrong point could end up ruining some important component on the underside of your car.
  • Raise your car: Have you located the spot? Use the car jack to slowly raise your vehicle. Take your time.
  • Take off the wheel cover: You can do this before or after you raise your car. You need to remove the wheel cover using your wheel brace. It shouldn’t be too difficult.

  • Remove the flat tyre: With the help of your spanner, remove the tyre screws. You want to loosen them evenly first. After you are done with unscrewing, slowly lift and pull out the affected tyre.
  • Replace: Take the spare tyre and fit it in place. Ensure that the rim is well aligned with the lug bolts. Confirmed? Tighten the screws using your hand.
  • Lower the car: Make sure you do this slowly using your car jack to avoid hurting yourself or damaging the vehicle from a sudden drop.
  • Retighten screws: Using your lug wrench, retighten the wheel screws properly.
  • Collect your stuff: Remember to pack your things immediately you are done. So far, you have the flat tyre, wheel cover jack and spanner.

With the above instructions, repairing a punctured tyre should be walk in the park from now. As a car owner, always remember to have a spare tyre, car jack and spanner with you every time you drive.