AutoMoney @ www.auto-money.co.uk

AutoMoney

AutoMoney has been advantageous over many of their logbook lender rivals through two key avenues. This includes their prominent high street presence, with there being around 30 stores across the UK. Then there has also been the TV advertising that has helped to make a significant difference to their growth. The owner is Quick Click Loans Ltd who created this company in 2009 with this service being served through www.auto-money.co.uk. There are some notable product features provided from this firm, but their prices aren’t the cheapest around. These logbook loans are also smaller than what you will find elsewhere. The range is £100 to £5000.

The term is fixed at 18 months, although you can freely settle the loan early. The pricing is set at 20% per month and so you’d pay £20/£100 borrowed. £1000 over 12 months would come with an interest charge of £2400. There is also a £25 document fee and so this would total at £2425. This does come at a premium price since the top sector price covering this example is £700.04. One such impressive feature that makes them more attractive is their nothing to pay for 60 days scheme that has been running for a long time now. There may be term restrictions for this deal though.

Also of interest is that they impose no restriction on the vehicle age (most limit at 10 years). No login facility or SSL is fitted to www.auto-money.co.uk, but the design itself is impressive. There are as noted 30 or so stores to visit and further to this they also have “Meeting Points” setup that improves their coverage further. AutoMoney follows the CCTA code where they hold a member place. Should the application be successful then they aim to get the money issued within a few hours. They trade from Monday to Friday (9.30am/5.30pm). Poor credit with even past bankruptcy can still be approved.