Some vehicles, such as vintage or classic cars may have tremendous value which qualifies them for a logbook loan. As the owner of one of these vehicles, we recommend contacting us about some of the options available to you.
Logbook Loans for Older Cars
Getting a loan on vehicles over 10 years old
Are you looking for a logbook loan on an older car?
At eLogbook Loan every application is looked at individually and instead of just focusing on the age of the vehicle, we also look at its trade value, mileage and condition, as well as the affordability of the loan for you.
We will always try our very best to get you the money you need, however it can sometimes be harder to secure logbook loans against cars that are over 10 years old. Older cars tend to have high mileage and more wear and tear than newer vehicles, thereby having a lower trade value.
As well as the affordability of the loan for you, ultimately it is the trade value of your car that helps to determine how much you can borrow.
Vintage and Classic Cars
Our logbook loans for older cars advantage:
✓ Same day cash
✓ Competitive rates
✓ Pay as you go interest
✓ No early redemption fees
✓ Simple online application
If you are looking for a logbook loan on an older car that is over 10 years old and are not sure if you qualify, apply online or give us a call and one of our team will be happy to help you.
Older car FAQ's:
How much can I get on a logbook loan for my older car?
The trade value, which includes mileage, general wear and tear of your car, determines how much could be made available to borrow.
FREE LOAN QUOTE
Representative 230.70% APR
Warning: This type of loan is secured on your vehicle. Missed or late payments may incur fees and/or the repossession of your vehicle. This can cause you serious money problems. For help go to moneyadviceservice.org.uk
Representative example;
Loan amount £700 over 36 months. Weekly repayments £17.41. Credit charge £2015. Total amount payable £2715.96. Interest rate 96% PA fixed. Representative 230.7% APR.
All loan applications are subject to creditworthiness and affordability checks.