diff --git a/src/openttd.cpp b/src/openttd.cpp
--- a/src/openttd.cpp
+++ b/src/openttd.cpp
@@ -1382,6 +1382,16 @@ bool AfterLoadGame()
 	/* reinit the landscape variables (landscape might have changed) */
 	InitializeLandscapeVariables(true);
 
+	/* from version 38 we have optional elrails, since we cannot know the
+	 * preference of a user, let elrails enabled; it can be disabled manually */
+	if (CheckSavegameVersion(38)) _settings_game.vehicle.disable_elrails = false;
+
+	/* Do the same as when elrails were enabled/disabled manually just now.
+	 * This needs to be done before AfterLoadVehicles because that relies on
+	 * the compatible railtypes and such to be correct. */
+	SettingsDisableElrail(_settings_game.vehicle.disable_elrails);
+	InitializeRailGUI();
+
 	/* Update all vehicles */
 	AfterLoadVehicles(true);
 
@@ -1953,13 +1963,6 @@ bool AfterLoadGame()
 		}
 	}
 
-	/* from version 38 we have optional elrails, since we cannot know the
-	 * preference of a user, let elrails enabled; it can be disabled manually */
-	if (CheckSavegameVersion(38)) _settings_game.vehicle.disable_elrails = false;
-	/* do the same as when elrails were enabled/disabled manually just now */
-	SettingsDisableElrail(_settings_game.vehicle.disable_elrails);
-	InitializeRailGUI();
-
 	/* From version 53, the map array was changed for house tiles to allow
 	 * space for newhouses grf features. A new byte, m7, was also added. */
 	if (CheckSavegameVersion(53)) {