Business Owner Takes Logbook Loan on Rolls Royce To Fund Business Expansion
19.07.2022 by Jack H
LoanOnYourCar.co.uk is delighted to support a successful business owner with a short-term Logbook Loan for £60,000 against his Rolls Royce Dawn, worth over £165,000, to fund an exciting new business expansion.
The client made a direct approach to LoanOnYourCar.co.uk for a logbook loan. The client said: “Our business is going through an exciting time of growth and expansion, I needed to raise £60,000 urgently to fund this amazing opportunity." "A friend told me about logbook loans and how I could withdraw the equity from my car.” He added; “I found LoanOnYourCar.co.uk on Google as they specialised in high end vehicle loans and had no set up or early redemption fees." Plus, I only need the loan for a few months, so a logbook loan was the perfect solution. "The service I received was first class, and I would highly recommend these guys.”
LoanOnYourCar.co.uk is a digital lender that operates throughout the UK. Our client never needed to travel, as his logbook loan was agreed upon and completed from the comfort of his own home the same afternoon. On receipt of our client’s application, we completed a real time valuation of his Rolls Royce Dawn within seconds, and a decision in principle was emailed to the client. Within 30 minutes, LoanOnYourCar.co.uk completed a WhatsApp video appraisal of the Rolls Royce Dawn and issued the loan paperwork. The client e-signed the loan documents and submitted the required supporting documentation via email, and the funds were released to the client’s bank account in 1 hour.
Paul Hilburn, director at LoanOnYourCar.co.uk, said: “The number of business owners using their cars as collateral to raise funds to support their businesses is growing rapidly." Our client needed the funds the same day to take advantage of an opportunity and knew his bank would take several days or even weeks to progress his application. "After a brief discussion with our client, we were able to understand his exact needs and presented a logbook loan proposal against the Rolls Royce Dawn, which met with his approval.” He added: “Logbook Loans are the perfect solution for a business owner looking to raise the funds to support their business expansion." We provide the optimum flexibility for our customers with the ability to settle their loans penalty-free, make overpayments, and pay less interest. We always work with our customers to find a bespoke Logbook Loan solution”
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LoanonYourCar.co.uk is family-run and privately owned, and it serves a broad range of clients throughout the United Kingdom. We are a direct FCA logbook loan lender. We provide proven and preferable logbook loans for people looking to raise cash from their vehicles, including classic, vintage, supercars, and prestige cars. Loans range from £500 - £150,000. We are currently the ‘UK’s No. 1 Trusted Logbook Loan Lender’ on Trustpilot, with 5-star customer reviews.
Please note: A logbook loan will be subject to the borrower completing an affordability assessment, a credit check, and a review of the latest three months of bank statements.
