Asset finance for the taxi industry

Finance expertise to keep you on the road

If you drive, own or operate taxis, Shawbrook can help your business prosper. Providing finance through a nationwide network of dealers - as well as directly - our taxi finance solutions provide straightforward, affordable ways to buy new and used vehicles.

We are one of the UK’s leading funders of traditional black 'Hackney' carriages, the Mercedes Vito, and an ever-growing range of conversion taxis from major manufacturers.

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Asset finance for the taxi industry

Taxi finance at a glance

There are a number of different options when it comes to financing your taxi. 

Hire purchase

A fixed-rate finance option where you pay the balance being financed and the interest in equal payments, with an ‘option to purchase fee’ at the end of the agreement if you want to own the vehicle.

Lease purchase

A fixed-rate finance option that helps you or your business with cash flow, with an option to add a balloon payment to lower your monthly outgoings during the agreement.

Finance lease

With this arrangement, ownership of the asset remains with Shawbrook. At the end of a finance lease, the assets are sold and you receive the major share of the proceeds.

Driver-to-driver finance

We can arrange the finance for the purchase of taxis direct from other drivers at competitive rates in certain areas of the country.

License plate finance

We may be able to help in financing the purchase of an already licensed vehicle, or an interest in a business which holds the taxi license along with the taxi in certain parts of the UK.

Key advantages of taxi finance from Shawbrook

  • A dedicated specialist team with taxi industry knowledge
  • A flexible approach, providing facilities structured to suit your taxi business
  • Fast and informed decision making

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Key advantages

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