How to Avoid Repossession

Like any responsible borrower, you are probably aware that the biggest risk with logbook loans is car repossession. Because your car is used as security for the loan, your lender holds your V5 document along with other important documents. Normally, there's also a bill of sale that borrowers must sign prior to approval. This set-up gives your lender temporary ownership and the right to repossess in the event that you fail to keep up with repayments.
To avoid the headaches of repossession, here are some things you can do as a borrower:
1. Pay on Time
There is really just one best way to avoid repossession and that is to pay your monthly dues on or before your monthly deadlines. If you take a step backward, this means that you need to borrow only what you can afford to avoid making a mess of your budget.
At the end of the day, it's really all about being responsible, planning ahead of time and doing your homework. Make sure to craft a plan before applying for a loan then find out repossession terms before signing any dotted line. If there's a slight chance that you think you may not be able to keep up with the repayments, take a step back and reassess your situation and your decision.
2. Make New Arrangements
Logbook loan lenders aren't supposed to approve borrowers with bad credit just like banks but they took the risks anyway. Yes, they may charge higher interest rates but in the end, it gives borrowers an opportunity to avail quick cash. With the premise that logbook loan lenders are more sympathetic with borrowers, it makes sense to try to make new arrangements with your lender in the event that you can't keep up with repayments.
Instead of doing nothing and not sending payments, you are better off speaking with your lender to negotiate terms and set-up a new arrangement that is more manageable for your financial capabilities.
3. Send Partial Payments
To avoid being too far behind with your repayments, you can try sending partial payments on months that you are really short with cash. Before doing so, you might want to get in touch with your lender first to inform them of the situation. While at it, you should ask for late fees and other related charges so you know what additional costs to think about. 
Don't make sending partial payments a habit though. Remember that your car is at stake here. If you continue to be delinquent with your dues, you'll eventually end up with a pile of interest that's going to be hard to deal with.

4. Negotiate Politely
When negotiating with your lender, do it politely. As the borrower, you basically have no right to throw a tantrum when they inform you of repossession. Instead, keep calm and try to reason out with lender in the most polite manner possible. Explain your situation thoroughly and don't forget to suggest an arrangement that will be beneficial for both parties. In most cases, if you can justify your circumstances and late payments, lenders may be more willing to give you a chance.