Assets: Cars

Loans Against Cars

If you have a high-end car, you can use it as collateral for a loan – provided the car is registered in your name and there are no outstanding payments on it. The age and model of the car will help determine the loan we can advance.

Contact us and let us know the make, model, year and mileage of your vehicle.

Based on the estimated value of your car, we’ll make you an initial loan offer straight away over the phone. If you choose to proceed, you’ll need to bring your vehicle to our offices for expert appraisal.

If all is in order, we’ll finalise a loan offer, conclude the agreement and transfer the funds into your account – typically on the same day.

With Lamna, there’s no waiting, no complex paperwork and no need for proof of income or a clear credit rating. The process is fast, straightforward and completely discreet.

Loan against Mercedes Benz with Lamna UK

COMMON QUESTIONS ABOUT OUR LOANS AGAINST CARS

Often a car is one of your most valuable assets. Using a car for loan purposes is a fast, convenient way to unlock its value – without having to sell it.

Pawning a car is an ideal option if you need funds quickly and know that you’ll be in a position to repay the loan and monthly interest over an agreed term.

The answer, unfortunately, is no. If you want to borrow cash against your car, there can’t be any debt outstanding on the vehicle.

No, not through Lamna. We store your vehicle securely for the duration of the loan agreement.

Your car is stored in a completely secure location with strict access control. It is not driven by anyone else.

Once you’ve repaid the loan amount and agreed interest (which is charged in line with FCA guidelines), your car is returned to you. It will be in the same condition, and with the same mileage, as when you entrusted it to us.

The loan amounts we offer are based on the value of the assets our clients supply as collateral. 

Not all loan providers are reputable. It’s important to do some checking before you proceed with a loan against car papers.

Also, always make sure you know the full terms of any “car for loan” agreement before going ahead with a personal loan against your car.

At Lamna, we take pride in the trust we’ve built with our clients. Our company has been operating internationally for many years.

We are authorized and  regulated by the Financial Conduct Authority. Reference number 977396. Find out what that means or look us up in the FCA register by doing a search here.

RAISE CAPITAL FROM YOUR LUXURY CAR

Contact us and let us know the make, model, year and mileage of your vehicle.

Based on the estimated value of your car, we’ll make you an initial loan offer straight away over the phone. If you choose to proceed, you’ll need to bring your vehicle to our offices for expert appraisal.

If all is in order, we’ll finalise a loan offer, conclude the agreement and transfer the funds into your account – typically on the same day.

With Lamna, there’s no waiting, no complex paperwork and no need for proof of income or a clear credit rating. The process is fast, straightforward and completely discreet.

Loan against Mercedes Benz with Lamna UK

COMMON QUESTIONS ABOUT OUR LOANS AGAINST CARS

Often a car is one of your most valuable assets. Using a car for loan purposes is a fast, convenient way to unlock its value – without having to sell it.

Pawning a car is an ideal option if you need funds quickly and know that you’ll be in a position to repay the loan and monthly interest over an agreed term.

The answer, unfortunately, is no. If you want to borrow cash against your car, there can’t be any debt outstanding on the vehicle.

No, not through Lamna. We store your vehicle securely for the duration of the loan agreement.

Your car is stored in a completely secure location with strict access control. It is not driven by anyone else.

Once you’ve repaid the loan amount and agreed interest (which is charged in line with FCA guidelines), your car is returned to you. It will be in the same condition, and with the same mileage, as when you entrusted it to us.

The loan amounts we offer are based on the value of the assets our clients supply as collateral. 

Not all loan providers are reputable. It’s important to do some checking before you proceed with a loan against car papers.

Also, always make sure you know the full terms of any “car for loan” agreement before going ahead with a personal loan against your car.

At Lamna, we take pride in the trust we’ve built with our clients. Our company has been operating internationally for many years.

We are authorized and  regulated by the Financial Conduct Authority. Reference number 977396. Find out what that means or look us up in the FCA register by doing a search here.

RAISE CAPITAL FROM YOUR LUXURY CAR

Documents required for personal loans against cars:

  • the original car registration documents, which must be in your name
  • your ID
  • proof of address.

From our blog

2022 Luxury Asset Investment Trends
Globally, the luxury goods market is booming – giving these goods significant investment value. We look at 2022 reports on market performance and trends in the main luxury asset sectors.
Using a Car to Get a Loan
How you can use a car to secure a short-term loan.

APPLY ONLINE

speak to a consultant on 0330 341 1707

From our blog

2022 Luxury Asset Investment Trends
Globally, the luxury goods market is booming – giving these goods significant investment value. We look at 2022 reports on market performance and trends in the main luxury asset sectors.
Using a Car to Get a Loan
How you can use a car to secure a short-term loan.

Representative APR 68.3%

REPRESENTATIVE EXAMPLE

Amount of Credit
Duration of Agreement
Rate of Interest
Total Amount Repayable
£10,000
6 months
60% (Fixed) P.A.
£13,000 (In one instalment)

APR & Loan Repayment Period

Average representative APR 68.3% and 6 months loan.

Renewals

If you wish to renew the loan at the end of the loan period, if we agree and you pay off the interest you can renew the contract immediately.

Collection

All payments are made via EFT at the end of the loan period.

Cars