No.

Logo templates are a bad idea for use in any brand development (we even purchased a logo template – that we originally designed – from one such site, to illustrate how bad.) The idea of using the same logo that other companies are also using runs contrary to the very idea of designing an original logo to create a unique brand identity. Same idea applies to any “free” logo generator web sites who will may claim that their libraries aren’t clip art (when that’s exactly what they are) and aren’t free anyway.