What CAR CASH POINT offers
CAR CASH POINT, with pride, can say that they are one of the most well-known companies available in the UK that are the leading logbook lenders. This title is due to the fact that car cash point has provided their clients with a very low rate of interest that can be combined with flexible and transparent loans that makes it super attractive for people who are in need of quick and easy loans. Moreover, they have been known to provide extraordinary value and customer service to anyone who comes to their company.
CAR CASH POINT claims that if you can find a provider that pays a lower price, you can come to them and with the “best rate promise” they would beat their price by giving a 10% discount.
You can acquire a loan for 12 months to 5 years maximum. They give you option of either paying them back the loan every week with a weekly payment option or every month with the monthly payment option. You can choose how long the loan term would be and how you would want to pay it back and suit your personal situation with it. In addition to all this, you can even settle your loan earlier if you want to without being afraid of the extra penalty charges that other companies have imposed on their debtor. You can also make an overpayment or choose to pay less interest on your loans.
This can be explained with a simple example. Say that you have borrowed £1,000 for 36 months (3 years) and the flat rate is 96% annually with 230.7% as your rep APR and make around 156 payments, I payments are made weekly. These weekly payments are £24.87 for every week. The total charge, for your credit now, becomes around £2,880. But due to your loan with CASH POINT, you chose the option of “pay as you go” for interest and have no early installment fees. The loan would be secured by keeping the logbook of your vehicle and thus the company would become the owner of your vehicle until the loan has been repaid. This is to ensure that people would pay back their loans.
You can also switch to cash point from your logbook loan to receive a 10 % discount on your payments and would be receiving a switch and save bonus of up to £100.