Car Cash Point Review [Read Our Expert Opinion]

Jane Wardle

Written by Jane Wardle on April 5, 2018

Updated April 5, 2018

Car cash point

Overall Rated: 4 / 5


Car Cash Point is a direct logbook lender based in London, which offers logbook loans secured against a vehicle costing between £500 and £50,000. The representative APR is 23.7% and repayments can be made either monthly or weekly.  To take a loan with Car Cash Point you need to complete an application online or get an over-the-phone quotation. Then you will need to speak to one of their representatives, either in store or at your home, to complete the loan via fast-money-transfer to your account. In return you will need to provide them with documentation, such as your V5 document, which acts as security against the loan. The whole process is relatively quick and simple to complete.

Car Cash Point is authorised and regulated by the Financial Conduct Authority for the conduct of consumer credit. It is a member of the Consumer Credit Trade Association and fully compliant with its Code of Practice. You will need to live in England or Wales to take out a logbook loan, however you can use vehicles such as vans, motorbikes and cars as security against your loan. Searching the web for reviews is pleasantly surprising as they have received an ‘excellent’ rating at with 9.4 score out of 10, given by most of their customers.


Trust & Reputation

Rated 4/5

Car Cash Point is a reputed name and the UK’s leading Logbook Lender, providing customers with a low rate of interest on a transparent and flexible loan. Car Cash Point is known for offering prompt customer service and value. Anyone applying for a loan from Car Cash Point must live in England, Wales or Northern Ireland, and be the legal owner of the vehicle they wish to obtain the loan on. Unlike other logbook loan providers, Car Cash Point doesn’t carry out any formal credit checks, so your application with them will have no effect on your credit score.

Car Cash Point is a licensed car financer broker that is fully authorised and regulated by the Financial Conduct Authority. The company has won the “Best Customer Focus award” at the UK Best Business Awards and has been the finalist of “Best Logbook loan provider” award at the UK’s Consumer Credit Awards 2017.

Car Cash Point has helped thousands of customers to release cash from their cars. The company is rated Excellent by most of its customers at, i.e. 9.4 score out of 10, as stated on the website.

Expertise & knowledge

Rated 4/5

Car Cash Point offers lending in between £500 and £100,000 with no formal credit checks and its services are available anywhere in England, Wales and Northern Ireland. Most of the loans are approved and arranged within 1 hour of an application being submitted. The company specializes in logbook loan that is a great way to secure cash quickly or if you have been refused credit before and you are looking for a quick decision on a loan. Moreover, they are also a lender for Prestige and Vintage Cars, Boats, Yachts, Motor Homes and even small Aircraft.

Car Cash Point’s ‘Best Rate Promise’ lets you find a lower price with another provider and they will reduce it by 10%. You can also receive up to £100 as a Switch and Save bonus. In addition, if you have a Logbook Loan with another lender, switch to Car Cash Point and they will reduce your overall loan repayments by up to 25%. The flexible loan terms start from 1 year up to a maximum of 5 years, with weekly or monthly payment options.

Customers can choose the loan terms as per their personal circumstances. Plus, they can settle their loan at any time penalty free and make overpayments and pay less interest. The knowledgeable loan consultants expertly guide the customers throughout the process. In addition, bad credit cases are also considered by the company.

Customer Service

Rated 4/5

To take a loan from Car Cash Point you will need to complete an application online or over the phone. Unlike many of its competitors the interest payable at Car Cash Point is purely 'Pay as You Go', which means you only pay interest for the time you hold the loan. There are absolutely no early repayment penalties or fees guaranteed. If you are looking to clear your payday debts, planning home improvements or you just need a holiday, Car Cash Point's flexible low rate logbook loans are an attractive solution.

If you decide to go down the route of a Logbook loan using Car Cash Point’s best price guarantee you should be able to secure a competitive rate. The added benefit of the cashback and the speediness of their service are all attractive qualities worth considering. Just be sure you can afford the repayments before you apply as the ownership of your vehicle will be at risk if you default. The Trustpilot reviews endorse the excellence of their customer service.