cash converters do the log book loans, I thought they would be reasonable, I often pop into the shop and look at any secondhand guitars they have taken in, and was totally shocked to see the APR for loans was in the many hundreds. I suppose it is a risk, and if someone defaults, they ( cash converters) will probably have to go to court to get posession of the vehicle as I doubt if possesion of the log book would prove ownership. Difficult to see if they are right to charge that sort of APR or not. cars have problems, and they could be paying out on a heap of junk.