How It Works

Getting a logbook loan with V5 Funds is simple. Here’s exactly what happens from application to funds landing in your account.

Four simple steps between you and the cash you need.

Apply Online

Fill in our quick application with your details and your vehicle's details. It only takes a few minutes.

Get Your Vehicle Valued

We assess your car against your logbook to work out how much you can borrow against it.

Fast Approval

Get a decision fast, often the same day, subject to status and affordability checks.

Get Your Cash & Keep Driving

Sign your agreement and receive your funds by bank transfer — you keep full use of your vehicle throughout.

Are You Eligible?

To apply for a V5 Funds logbook loan, you’ll generally need to:

Be over 18 years of age
Have a UK bank account
Be the legal owner of the vehicle, with the V5C logbook in your name
Have little to no outstanding finance on the vehicle, and no other loan already secured against it
Have a road-legal vehicle — taxed, insured and with a valid MOT
Be able to provide proof of regular income to cover repayments

A logbook loan is a loan secured against the value of your vehicle. Here’s what that means in practice:

We hold your V5C registration document (the logbook) as security, and remain the legal owner of the vehicle until the loan is repaid in full.
You stay the registered keeper throughout, so you keep driving the vehicle — you just can’t sell or modify it while the loan is active.
Repayments are made weekly over the loan term — see our Loan Example page for exact figures.
If you don’t keep up with repayments, we may repossess and sell the vehicle to recover the debt, and your credit rating will be affected.

🌐 www.v5funding.co.uk