In 2009, a consultation by the Department for Business, Innovation and Skills examined the Bills of Sale Acts and proposed that bills of sale for consumer lending, such as logbook loans, should be banned. (en.wikipedia.org)
[4] Logbook loans and the Bills of Sale Acts have been subject to much criticism. (en.wikipedia.org)
Look into taking out a personal loan to help you get your deposit together, or even a logbook loan with a provider like Car Cash Point. (mummymummymum.com)