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Taxi Finance for Drivers
Get on the road with affordable taxi finance. Whether you drive private hire or a black cab, we will find the right finance deal for your taxi business.
With no impact to your credit score*
Calculate Your Finance
Estimated monthly payments
With no impact to your credit score*
We act as a credit broker, not a lender
Representative example: borrowing £6,500 over 5 years with a representative APR of 16.9%, an annual interest rate of 16.9% (Fixed) and a deposit of £0.00, the amount payable would be £161.19 per month, with a total cost of credit of £3,171.55 and a total amount payable of £9,671.55. This is an example only, lender fees may apply. The exact rate you will be offered will depend on your circumstances. All finance subject to status.
*After completing the application, lenders will perform a “soft search” that will not affect your credit score. Should you get an offer of finance and wish to proceed, the lender will then perform a “hard search” of your credit file. Finance acceptance is not guaranteed, please click the following link for more information: Initial Disclosure Document
Affordable Finance for Taxi and Private Hire Drivers
Your taxi is your livelihood. Whether you are a private hire driver working with Uber, Bolt, or a local firm, or a licensed Hackney carriage driver in a city centre, having a reliable and presentable vehicle is essential. But buying a suitable taxi outright can put a serious dent in your earnings.
Taxi finance lets you spread the cost of your vehicle into affordable monthly payments, so you can start earning straight away while paying for the vehicle as you go. At Happy Motor Finance, we understand the unique needs of taxi drivers and work with lenders who specialise in providing finance for the trade.
Which Taxi Finance Option Is Right for You?
Hire Purchase (HP) - Most Popular for Taxis
HP is by far the most popular finance option for taxi drivers. You pay fixed monthly instalments over an agreed period, and once all payments are made, the vehicle is yours. Crucially, there are no mileage restrictions with HP, making it ideal for high-mileage taxi use. Most taxi drivers cover 30,000 to 50,000 miles per year, and HP accommodates this without penalty.
Personal Contract Purchase (PCP)
PCP offers lower monthly payments but comes with mileage restrictions that can be problematic for taxi drivers. If you cover relatively low mileage or plan to upgrade your vehicle frequently, PCP could work for you, but for most taxi drivers, HP is the more practical choice.
Choosing the Right Taxi
The right vehicle depends on the type of work you do and the licensing requirements in your area. Most local councils have specific rules about the age, type, and condition of vehicles used for taxi and private hire work. Here are some popular choices:
- Private hire - Toyota Prius, Skoda Octavia, Hyundai Ioniq, Volkswagen Passat, and Mercedes E-Class are all popular choices offering reliability, comfort, and good fuel economy.
- Black cabs - The LEVC TX electric taxi is the modern choice for Hackney carriage work in London and other cities, offering zero-emission capability and purpose-built passenger comfort.
- MPVs and minibuses - For drivers covering airport transfers or larger groups, vehicles like the VW Sharan, Ford Galaxy, and Mercedes Vito offer the space needed.
- Wheelchair-accessible vehicles (WAVs) - Purpose-converted vehicles that meet accessibility requirements for your licensing authority.
Whatever vehicle you need for your taxi business, we can help you finance it from any reputable dealer in the UK.
How It Works
Getting car finance doesn't have to be complicated. Here's how our simple process works.
Apply Online
Complete our quick and easy application form in just a few minutes. It won't affect your credit score.
Get Matched
We'll search our panel of lenders to find the best deal for your circumstances.
Choose Your Car
Once approved, choose any car from any reputable dealer. Our Personal Shopper service can help.
Sign & Drive
Sign your finance agreement and drive away in your new car. It really is that simple!
With no impact to your credit score*
We act as a credit broker, not a lender
Representative example: borrowing £6,500 over 5 years with a representative APR of 16.9%, an annual interest rate of 16.9% (Fixed) and a deposit of £0.00, the amount payable would be £161.19 per month, with a total cost of credit of £3,171.55 and a total amount payable of £9,671.55. This is an example only, lender fees may apply. The exact rate you will be offered will depend on your circumstances. All finance subject to status.
*After completing the application, lenders will perform a “soft search” that will not affect your credit score. Should you get an offer of finance and wish to proceed, the lender will then perform a “hard search” of your credit file. Finance acceptance is not guaranteed, please click the following link for more information: Initial Disclosure Document
Frequently Asked Questions
Ready to Finance Your Taxi?
Apply for taxi finance today. Our quick application takes just minutes and won't affect your credit score.
With no impact to your credit score*
We act as a credit broker, not a lender
Representative example: borrowing £6,500 over 5 years with a representative APR of 16.9%, an annual interest rate of 16.9% (Fixed) and a deposit of £0.00, the amount payable would be £161.19 per month, with a total cost of credit of £3,171.55 and a total amount payable of £9,671.55. This is an example only, lender fees may apply. The exact rate you will be offered will depend on your circumstances. All finance subject to status.
*After completing the application, lenders will perform a “soft search” that will not affect your credit score. Should you get an offer of finance and wish to proceed, the lender will then perform a “hard search” of your credit file. Finance acceptance is not guaranteed, please click the following link for more information: Initial Disclosure Document
