Contractual Agreements

Car APR (Variable) Example:
If you borrow £10,000.00 over 6 months at a flat rate of 42% per annum [fixed], with a Representative APR of 64.4%, you will make a single total repayment of £12,820.00. This includes £2,100.00 interest and £720.00 storage fees. The total charge for credit is £2,820.00. Please note, your vehicle is at risk if you fail to make the repayment.

Loan terms are typically 6 months, with early settlement permitted. The maximum APR that may apply is 146.5%.

Other Luxury Asset APR (Variable) Example:
If you borrow £10,000.00 over 6 months at a flat rate of 42% per annum [fixed], with a Representative APR of 46.4%, you will make one total repayment of £12,820.00. This includes £2,100.00 interest. The total charge for credit is £2,100.00. Your luxury asset is at risk if you fail to make the repayment.

Insurance Disclaimer

Pre-Credit Information Example
Pawn Agreement Example
Pawn Loan Explanation

When you place your vehicle or luxury asset with Asset Backed Loans, it is held as bailee for value. We take all reasonable care of your asset while it is in our custody. While the asset is not insured for road use, it is covered for replacement value during storage in our designated facility. Clients may also wish to maintain or arrange separate insurance coverage for their asset.

Please be aware that under the terms of any existing insurance policy you hold for your asset, you may be required to notify your insurer when the asset is in storage with ABL.