How the Rise of Electric Vehicles Is Changing the Logbook Loan Market

12.11.2025 by Paul H

How Electric Vehicles Are Changing the UK Logbook Loan Market

Discover how the UK’s electric vehicle boom is transforming logbook loans, valuations, and responsible lending under FCA regulation.

The Electric Revolution and Vehicle-Secured Lending

The UK’s transition to electric vehicles (EVs) is changing not only how we drive but also how we finance our cars. With over 20% of new UK registrations now fully electric, vehicle-secured lenders such as LoanOnYourCar.co.uk are adapting to support EV owners responsibly.

Updated Valuations for EVs

Traditional vehicle values relied on mileage and age. EVs introduce new variables, including:

• Battery health and charging cycle history
• Range and manufacturer updates
• Used-EV demand and market depreciation trends

Our valuation models now account for these factors to provide fair, transparent loan offers that reflect an EV’s true condition.

Borrowing Against an EV: What You Should Know

If you own an EV or hybrid, you may be able to access alogbook loanwithout selling your car. This lets you release its value while keeping it for work or family use. However:

• Borrow only what you can afford to repay.
• Review the total cost of credit carefully.
• Understand that your vehicle is the security — missed payments risk repossession.

FCA-Regulated, Responsible Lending

LoanOnYourCar.co.uk is authorised and regulated by the Financial Conduct Authority (FRN 833404). We follow the FCA Consumer Credit Sourcebook (CONC) and the Consumer Duty, ensuring:

• Transparent pre-contract information and no hidden fees.
• Robust affordability and sustainability checks.
• Support for borrowers facing financial difficulty.
• Fair treatment and clear communication throughout.

Representative Example

Borrow £1,000 over 36 months at 84% p.a. (fixed). Representative APR 207.3%.
36 monthly payments of £97.78. Total repayable £3,585.08 (including £40 document fee and £25 option-to-purchase fee).
⚠️ Loan secured on your vehicle. Missing payments may result in repossession.

To apply for a Logbook Loan from LoanOnYourCar please visit www.loanonyourcar.co.uk or call 0333 577 5000 to speak to one of our expert loan consultants.