Car Cash Point is a financial service provider that offers Logbook Loans, allowing customers to release cash from their vehicles within an hour. Customers have the opportunity to get a free, no-obligation quote by calling a provided number. The company emphasizes its market competitiveness, with a guarantee that if a lower price is found with another provider, Car Cash Point will beat it by 10%.
The service offers additional features such as an early settlement option without any hidden penalties or extra charges. Customers can also make overpayments which results in less interest being accrued. This company maintains transparency with its clients, making it a customer-centric service.
Car Cash Point has been recognized in reviews, with a high score of 9.4 out of 10 on Trustpilot. It also has been awarded for its 'Best Customer Focus'. This suggests that the company's customers hold their service in high regard.
Moreover, Car Cash Point provides an option to switch Logbook Loans from another provider to its own. This can result in reducing the client's overall loan repayments by up to 25%. This flexibility in managing loans is likely to be an appealing feature for potential customers.
The company provides a representative example to illustrate the potential costs of a loan. For instance, if a customer borrows ₤1,000 over 36 months at a flat rate of 96% per annum, they will make 156 weekly payments of ₤24.87. The total charge for credit is highlighted as ₤2,880.00, with the interest being Pay As You Go, and there are no early settlement fees. This loan is secured on the customer's vehicle, implying that failure to keep up repayments could put the vehicle at risk.
The service highlights a warning regarding late repayments causing serious money problems. For assistance or advice, the company directs its customers to the Money Advice Service, reflecting a commitment to responsible lending. Overall, despite the high representative APR, the cash release within an hour, the price-beat guarantee, and the customer-centric policies make Car Cash Point a viable option for those seeking a logbook loan.
Business address
Car Cash Point Ltd
Suite 3b Lyttelton House, 2 Lyttelton Road,
London,
London
N2 0EF
United Kingdom
Contact details
Phone: 0333 220 4419