Logbook Loans Overview

Logbook loans are loans secured with your vehicle. Though the lender will technically be in possession of your car during the duration of the loan, you retain the vehicle and can still use it. Cars that can be used as logbook loans must be under ten years old, but also must be entirely paid for. The vehicle must be registered to you and at the time the loan is secured, you must be able to produce proof of employment or income. Despite these few restrictions, there are many benefits to logbook loans.