Hire Purchase

A fixed rate finance option that allows the balance financed and interest to be paid in equal repayments. You can also choose to pay an ‘option to purchase fee’ at the end of the agreement if you want to own the vehicle.

The benefits of the hire purchase option are:

• Flexible deposits
• Fixed monthly repayments for ease of budgeting
• A variety of repayment terms
• The option to own the vehicle at the end of the agreement

Lease Purchase

A fixed rate finance option that helps you or your business with cash flow. There is also an option to add a balloon payment that lowers your monthly outgoings during the agreement.

The benefits of the lease purchase option are:

• The repayments are not liable for VAT
• Working capital stays in your business
• Interest can be treated as a business expense for tax purposes
• You can claim writing down allowances
• You can choose to own the vehicle at the end of the agreement

Low Start Finance

An option designed especially for the new taxi driver or for those becoming owner-drivers for the first time, Low Start Finance offers reduced payments for the first 12 months of the agreement.

Licence Plate Finance

Only applicable in certain parts of the UK where a transfer value for the hackney licence has been established, this unique scheme allows you to finance your hackney plate along with the taxi on hire purchase.

Personal Loans

An option only for London licensed taxi drivers, this means that you can spread the annual cost of owning a taxi – such as insurance, overhaul and meter hire – over the year with a monthly payment personal loan budget account.