Vintage, Classic & Antique Cars
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About you
Our logbook loan services are available for a wide range of vehicles including classic, vintage and antique cars, which can hold tremendous value.
Taking out a logbook loan allows you to continue to drive or store your prized vehicle while you make the repayments. With NO early settlement penalty, you can receive your money within a few hours.
The process of applying for a V5 loan on a classic, vintage or antique car is the same as it is for any other vehicle and will consider age, condition, mileage and trade value.
Vintage Car Logbook Loans
The term vintage typically applies to cars built between 1919 and 1930. However, in the UK, this also extends to vehicles made up until 1940, as long as the model was in production pre 1931.
Admired for the craftsmanship, elegance and originality; examples of vintage-era cars include the 1932 Lagonda 3 litre, 1933 Aston Martin Le Mans, 1935 Rolls-Royce Phantom III, 1937 Alvis Speed 25 and the 1945 Austin 8.
Classic Car Logbook Loans
Although there isn’t a fixed definition, a classic car is usually over 40 years old. A car may also be considered a classic if it’s a rare model, of notable design, or has any links to a significant time in history. Examples of classic cars include the 1964 Mini Cooper S, 1966 Lotus Cortina Mk1, 1970 Triumph Stag, 1975 Jaguar XJ-S and the 1986 Ford Sierra RS Cosworth.
Modern Classic Car Logbook Loans
We are now in the era where we are seeing modern classic cars, typically built in the 90s and early 2000s. Examples include the 1994 TVR Griffith 500, 1998 Subaru Impreza WRX Sti, 2000 Aston Martin DB7 Vantage and the 2001 BMW Z8.
Antique Car Logbook Loans
Not as commonly used in the UK, the term antique usually refers to cars older than 45 years. Some might consider a vehicle to be antique if it was made before the end of WWII or earlier.
If you are lucky enough to own a vintage, classic, modern classic or antique car and you would like to apply for a logbook loan, please contact us.
Customer Reviews
Representative Loan Example
Loans up to £1500 (10% per month)
Representative APR
442.85%
Duration
78 Weeks
(18 Months)
Amount of credit
£700
Fixed Annual Rate
120%
Total Cost of Credit
£1,260
Instalments
78 X £25.13
Loans over £1500 (8% per month)
Representative APR
310.23%
Duration
78 Weeks
(18 Months)
Amount of credit
£2,500
Fixed Annual Rate
96%
Total Cost of Credit
£3,600.00
Instalments
78 X £78.20
Minimum and Maximum Repayment Period
There is no minimum period as the loan can be repaid early with no redemption penalties.
Loans are typically 18 months in duration, we also offer 36 month contracts which although payments are lower would cost considerably more if the loan were to run full term.
If you choose to settle the loan early you would be entitled to an early settlement discount.
Warning: Late repayments can cause you serious money problems. For help or advice please go to www.moneyadviceservice.org.uk.
A logbook loan is secured against a vehicle. If you do not keep up with the repayments in line with the terms & conditions of the agreement your vehicle may be at risk of repossession and your credit rating will be affected.
Prefer to speak someone?
Call: 0800 988 7255
Logbook Loan Process
Apply online.
We will check to see if your vehicle qualifies.
Provide identification and proof of affordability.
Once approved, one of our agents will visit you; we will then transfer the funds.
There is no penalty to redeem early and you would be entitled to an early settlement discount.
Frequently Asked Questions
A. Loans are processed and approved the same day. Depending on your requirements we can provide the funds in as little as 2 hours. Once you have signed all the paperwork, money will be transferred to your account within minutes. It really is that easy!
A. We require photo ID (such as driving licence or passport), bank statements & proof of insurance, so we can be sure, as responsible lenders, that you can afford the repayments.
A. We require the Logbook (V5 document) and a spare key if you have one. These will all be returned when you settle the loan. Please remember that the vehicle must be fully comprehensively insured, Taxed and hold a valid MOT (if required) for the duration of the loan.
A. Yes, providing you are the Legal owner of the vehicle. We lend on the strength of your vehicle value and your ability to repay. Each application is treated on its own merit. We may collect information from outside sources such as credit reference agency providers in order to help us make decisions regarding credit.
A. Usually less than 10 years old, however we are able to lend against older vehicles subject to trade value. Please do contact us if your vehicle is older and you feel it is worthy of our consideration to lend against – we are here to help wherever we can.
A. Yes. Logbook Lending Limited is authorised and regulated by the Financial Conduct Authority. Our FRN is 673568 and can be verified on the financial services register on www.fca.org.uk. We have a consumer credit licence, which allows us to act as a lender and we abide by all other laws regulating consumer credit. We are also members of the CCTA and abide by their Code of Practice, which can be found on this website.
A. All Logbook Loan contracts are between 18 – 36 months with the most popular being 18 months in length.
A. Payments can be made by standing orders, online banking, debit card over the telephone or pay into any branch of Metro bank. You should not send cash through the post as this is at risk of getting lost.
A. If your circumstances change and you get into financial difficulties, Logbook Loans247 will act compassionately and sensibly to assist you. We will discuss and agree workable payment plans with the objective of getting you back on track in a fair and realistic manner. This loan is secured on your vehicle which may be at risk if you fail to keep up your repayments.