Most logbook lenders limit the age of the vehicles you can use to apply for a loan.

Use this comparison to see how lenders restrict the loans they offer based on the maximum age of your vehicle.

If your car is over 10 years old you may find it harder to get a logbook loan.

Getting the right loan

Look for a lender that:

  • Will consider your application based on the age of your vehicle

  • Offers a loan term than meets your needs

  • Lends the amount of money you want to borrow

Once you have narrowed down your options, look for a loan with the lowest interest rate possible using this comparison.

Can you get a cheaper loan?

Logbook loans are expensive so should only be a last resort if you cannot get the loan you need anywhere else.

Some alternatives you could consider include:

If you are considering a logbook loan because you have bad credit there are other ways to borrow that could be cheaper.

Logbook loans for older cars online FAQs

Q

How long does it take to apply for a logbook loan?

A

You can usually apply online and find out if your application has been approved within 24 hours.

Q

How much could I borrow?

A

Most lenders offer loans up to 50% of the value of your vehicle.

Q

Do I have to pass a credit check?

A

No, some lenders do not run a credit check, but you will still need to show you can afford the loan.

Q

What is a bill of sale?

A

It is a legal document that transfers the ownership of your vehicle to the logbook lender, so they do not need a court order to take it away.

Q

Can I get a logbook loan if I live in Scotland?

A

Yes, but because a Bill of Sale is not valid in Scotland you will have to sign an agreement called a hire purchase and your choice may be limited.

Q

What does representative APR mean?

A

It stands for annual percentage rate, and is the interest you pay on your loan. A representative APR must be given to at least 51% of borrowers.

About our logbook loans comparison

Q

Who do we include in this comparison?

A

We include logbook loans from our panel of lenders. They are all regulated by the Financial Conduct Authority, satisfy our screening standards and do not pass your details to other lenders or brokers without your permission. Here is more information about how our website works.

Q

How do we make money from our comparison?

A

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.