Car Cash Point Platinum
Representative 89% APR
Will lend between: £1,000 - £1,000,000
Over: 0 - 60 Months
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Are you eligible for Car Cash Point Platinum?
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- Quick 40 second form.
- No impact on your credit file.
- Free personalised eligibility score.
No reviews for Car Cash Point Platinum
Our review of Car Cash Point Platinum
As the Platinum name would suggest, these logbook loans from Car Cash Point are for securing luxury (Prestigeous and Vintage) items such as classic cars, yachts and even aircrafts. As the stakes are higher, you can borrow up to 75% of your vehicle’s trade value to a maximum of £1,000,000. You can also choose to continue to use your vehicle, or pawn it where it will go into storage until you have completed the loan. If you choose this option Car Cash Point make it clear that there is regular maintenance to the vehicle, including regular car washing, bi-weekly wheel rotations and a monthly start-up.
There is also no credit checking for the Platinum option, which means that it won’t leave an imprint on your credit file. Car Cash Point can offer this because of the high value of the luxury vehicles that are put up as security against the loans. The best rate guarantee is also available on Prestige and Vintage, so if you are able to find a lower price on another website, then they will beat it by 10%.
Although there are no specific reviews for Platinum, we can learn about the provider, Car Cash Point. On TrustPilot they have received a rating of ‘excellent’. This can probably be attributed to their professional service, friendly customer service and cost-efficiency.
Overall verdict: If you have a luxury item that you’re willing to put up as security for the loan then Car Cash Point's Platinum product is perfect. Their outstanding customer reviews will put you at ease and if you do decide to let them store your vehicle you can rest assured it will be cared for. However, remember that ownership of the vehicle is at risk if you fail to meet the repayments.
Andrew joined Choose Wisely 5 years ago, originally working in a design capacity to make sure the website was simple to use. Most notably he worked with the Consumer Finance Association to design the comparison table of choice for High-Cost Short Term Finance products.
Highlights
- No formal credit check completed
- Loans up to £1,000,000
- No fee for settling the loan early
- Option to pawn your vehicle
- Secure against vehicles, boats & yachts and aircrafts
Minimum criteria
- You must be aged over 18
- You need to be a UK resident
- You will need to be located near a branch
- The applicant’s name must be on the V5
Fees
- Maximum APR 89%
- Arrangement fee: £0
- Early repayment fee: £0
- Late payment fee: £0
About Car Cash Point Platinum
CarCash Point Platinum is the premium service offered by Car Cash Point for Prestigeous and Vintage cars. These logbook loans, secured against a vehicle, can be between £1,000 to £1,000,000 and can cover up to 75% of the trade value of the vehicle being secured. The representative APR is 89% and repayments are on flexible terms between one and five years in monthly repayments. Customers are able to settle their loans early at any time with no fee or charge and can even make overpayments and benefit from reducing the cost of the debt.
The types of vehicle that the CarCash Point Platinum loans can be secured against can range from quality car marques such as Aston Martin, Bentley and Lotus, through to boats and yachts, caravans and motorhomes and even aircrafts. This means that you can choose to either continue to use your vehicle, or pawn it to be placed into safe and secure storage until your loan has been completed.
To apply for a loan we understand that every client has a unique borrowing requirement and deserves a bespoke, convenient and secure lending solution. you will need to complete an application online or over the phone for a quotation, you will then need to either speak to one of their representatives 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.
Company information
Registration number: 07345897
Suite 3b, Lyttelton House, 2 Lyttelton Road, London N2 0EF
FCA registration
Reference No: 670218
Trading names: Gold Cash Point, Jewlery C, Car Cash Point Limited
Place of business: Suite 3b, Lyttelton House, 2 Lyttelton Road, London N2 0EF
Data protection registration
Registration No: Z2377293
Data controller: Car Cash Point Limited
Address: Suite 3b, Lyttelton House, 2 Lyttelton Road, London N2 0EF
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