Many logbook lenders claim on the websites to offer the best price, but you always need to check the small print. Double check the numbers, work it out for yourself and see if the numbers add up.

The APR confusion! When taking out a loan it is always best to look at the fixed interest rate (FIR) rather than the annual percentage rate (APR).

The use of APR was created mainly for mortgage use and can create difficulty in understanding what the true fixed interest rate is. APR's can change significantly depending on the length of the loan so it is not always a good indicator of loan terms.

GREAT TIP: Always look at the total amount repayable! If you've had a quote from any of our compeitors, why not checks ours out over the same terms and compare the difference for yourself, you'll be amazed!

If you go into default many logbook lenders will add high penalty charges and fees. Failure to pay will result in the recovery of your car for immediate sale at auction in order to recover the loan amount.

At Motorkitty recovering your vehicle is a last resort. We will always try to work with you by changing payment dates, re-evaluating loan terms and offering periods of grace. The last thing we ever want to do is recover your vehicle.