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.

Contact us to discuss your needs

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 repay the amount you have borrowed, together with the interest, in regular equal payments. This helps to manage cash flow. There’s also an ‘option to purchase fee’ at the end of the agreement if you want to own the vehicle. A balloon payment option could also lower your regular repayments during the agreement.

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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