Logbook loans essentially allow you to release the equity you have in your vehicle. For this reason your car needs to be already clear of finance, or nearly clear so that you can be considered for this type of loan. Lenders vary in their terms from 100% of the vehicle value down to 50% which will generally be independently inspected and valued to ensure fairness. If you meet the basic eligibility criteria then you can be considered for this type of loan. Important things to remember about logbook loans are that you sign a bill of sale which means you no longer own the car until the debt is repaid in full. Unlike a payday loan, this is secured on your vehicle. You must own a vehicle to get the loan outright in your name as the registered keeper, and you must be able to afford the logbook loan. If you meet these requirements so far then please feel free to read on for a fuller understanding of the requirements and how you can get money out of your car fast.