If you are an owner of car and pretty happy about this fact then there is one more thing which will make you even happier, that is the truly innovative financial loan product especially designed for car owners called logbook loans.Yes, it is true that you can owe instant cash against the logbook of your car. You must be wondering how this works and what this car logbook loan mean? Well, this works in pretty straight forward manner, you put logbook of your car as security or collateral in lieu of loan amount. And, money lender provides you the loan amount which varies according to the car is market value.