How to Find the Best Logbook Loan Deals

With the multitude of logbook loan deals available in the market, finding the best deal with the most affordable rates may be tougher in reality. Fortunately, we’ve created this guide to help. If you’re hoping to snag the best deal available in the market, here are some things to consider when shopping for a logbook loan:

1. Start with the loan amount

Before you hit the market to shop around for a logbook loan, setting a clear-cut borrowing plan is crucial if you want the best deal. Wen planning your loan, it starts with setting the loan amount that you need. Once you’ve set the amount, stick with it and your search for the best deal should be easy.

2. Consider your budget

Other than the loan amount, you also need to consider your budget. Logbook loan terms typically start from 12 months minimum up to 36 months. You can pay for it bi-weekly or once a month. Regardless of the payment arrangement, it is imperative for borrowers to know how much they can afford for bi-weekly or monthly repayments when shopping for a logbook loan deal.

3. Compare deals according to representative APR

With your budget set, the next step is the most exciting part. It’s now time to compare logbook loan deals according to their representative APR. The advertised APRs will give you an idea of how much the loan will cost on annual basis. If you want the cheapest deal, it makes sense to look for a deal with the lowest APR. To compare the latest logbook loan deals available in the market, head over to http://www.moneysupermarket.com/loans/.

4. Get more info on hidden fees

But don’t stop with just the APR. If you really want the best deal, it would help to dig deeper by investigating hidden fees. Before you sign a contract and put your vehicle at risks of repossession, you should read the fine print for more info on hidden fees. You can also call customer service to inquire about said fees.