To speak of car loans, one might feel that these are one of those complicated forms of loan which take a couple of weeks to be processed and then one might also need to keep his car with the loan providers as the collateral. However, this is actually not the case. Emergency car loans are one of the most instantaneous loan processes.
Defining Emergency Car Loans
These loans are also known as logbook loans and are secured against the logbook or the V5 document of a vehicle. The logbook is the government authorized document which is a proof of an individual’s ownership rights over the vehicle. It is a file of much value since it consists of the personal details like name and contact information of the owner and also some important facts about the car, like the registration number, the chassis number and the date of registration. (more…)