What a logbook loan means
Your vehicle serves as security for borrowing. You generally keep using it, subject to the agreement. The lender assesses its value, ownership and your ability to repay.
Questions worth asking
- What is the full cost, including valuation and any security-related costs?
- What insurance and vehicle requirements apply?
- What happens if I miss a payment?
- What is the early settlement process?
Understand the security
Failure to repay may lead to repossession under your agreement. Read the default and recovery provisions and ask for clarification before signing.
General educational information, not personalised financial advice. Your loan agreement and personalised offer determine your terms.
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