| Season: | 2007–08 |
| Relegated: | n/a |
| Matches: | 180 |
| Total Goals: | 526 |
| Biggest Home Win: | East Fife 7–0 Stenhousemuir (29 September 2007) |
| Biggest Away Win: | Elgin City 0–5 Stranraer (27 February 2008) |
| Highest Scoring: | East Stirlingshire 4–5 Albion Rovers (8 December 2007) |
| Nextseason: | 2008–09 |
The 2007–08 Scottish Football League Third Division was the 14th season in the format of ten teams in the fourth-tier of Scottish football. The season started on 4 August 2007 and ended on 26 April 2008. East Fife F.C. finished top and were promoted alongside Arbroath F.C. as play-off winners. Stranraer F.C. were also promoted due to Gretna being demoted to the Third Division.
Berwick Rangers as champions of the 2006–07 season were directly promoted to the 2007–08 Scottish Second Division. They were replaced by Forfar Athletic who finished bottom of the 2006–07 Scottish Second Division.
A second promotion place was available via a play-off tournament between the ninth-placed team of the 2006–07 Scottish Second Division, Stranraer, and the sides ranked second, third and fourth in the 2006–07 Scottish Third Division, Arbroath, Queen's Park and East Fife respectively. The play-off was won by Queen's Park who defeated East Fife in the final. Stranraer were therefore relegated.
Relegated from Second Division to Third Division
Promoted from Third Division to Second Division
| class=unsortable | Team | class=unsortable | Stadium | Capacity | Highest | Lowest | Average |
|---|---|---|---|---|---|---|---|
| East Fife | 2,000 | 1,300 | 540 | 769 | |||
| Arbroath | 6,488 | 959 | 421 | 611 | |||
| Montrose | 3,292 | 1,470 | 321 | 597 | |||
| Dumbarton | 2,025 | 907 | 258 | 559 | |||
| Elgin City | 3,927 | 624 | 301 | 471 | |||
| Stenhousemuir | 3,776 | 755 | 212 | 414 | |||
| Forfar Athletic | 5,177 | 615 | 270 | 410 | |||
| East Stirlingshire | 1,800 | 791 | 235 | 377 | |||
| Albion Rovers | 1,249 | 512 | 186 | 307 | |||
| Stranraer | 5,600 | 487 | 117 | 255 |
Source: The League Insider
| Team | Outgoing manager | Manner of departure | Date of vacancy | Replaced by | Date of appointment | |
|---|---|---|---|---|---|---|
| Stenhousemuir | Campbell Money | Resigned | 29 September 2007 | John Coughlin | 12 October 2007 | |
| Ayr United | Neil Watt | Resigned | 23 October 2007 | Brian Reid | 24 October 2007 | |
| Dumbarton | Gerry McCabe | Sacked | 11 November 2007 | Jim Chapman | 31 December 2007 | |
| East Stirlingshire | Gordon Wylde | Resigned | 28 February 2008 | Jim McInally | 13 March 2008 | |
| Mutual consent | 21 April[1] | 8 May[2] | ||||
| Sacked | 28 February[3] | 13 May[4] |
Teams play each other four times in this league. In the first half of the season each team plays every other team twice (home and away) and then do the same in the second half of the season.
| Scorer | Goals | Team | |
|---|---|---|---|
| John Baird | 18 | Montrose | |
| Paul McManus | 17 | East Fife | |
| Michael Mullen | 13 | Stranraer | |
| Roddy Hunter | 12 | Montrose | |
| Darren Shallicker | Elgin City | ||
| Andrew Brand | 11 | East Stirlingshire | |
| John Gemmell | Albion Rovers | ||
| Brian Scott | Arbroath | ||
 Gregory Tade | Stranraer | ||
| Joseph Savage | 10 | East Stirlingshire | |
| Kenny Wright | Albion Rovers | ||
| Scott Dalziel | 9 | Stenhousemuir | |
| William Martin | 8 | Albion Rovers | |
| Barry Sellars | Arbroath | ||
| Douglas Cameron | East Fife | ||
| Greig McDonald | 7 | East Fife |
Source: The League Insider
See main article: Scottish Football League monthly awards.
| Month | Third Division manager | SFL Player | SFL Young player | |
|---|---|---|---|---|
| August | Gordon Wylde (East Stirlingshire) | First Division player | First Division player | |
| September | John McGlashan (Arbroath) | Second Division player | First Division player | |
| October | David Baikie (East Fife) | First Division player | First Division player | |
| November | David Baikie (East Fife) | First Division player | Scott Fox (East Fife) | |
| December | Gerry Britton (Stranraer) | Second Division player | First Division player | |
| January | David Baikie (East Fife) | Second Division player | First Division player | |
| February | Derek Ferguson (Stranraer) | First Division player | First Division player | |
| March | Robbie Williamson (Elgin City) | First Division player | First Division player | |
| April | Derek Ferguson (Stranraer) | First Division player | First Division player |