Lendus.

Taxi Finance

Spread the cost of taxis and private hire vehicles from £15,000 to £70,000+ with flexible finance options. HP, lease, or refinance — compare rates from 40+ lenders.

200+ UK lenders
2-minute application
No credit check to apply
FCA-regulated brokers

Typical Cost

£15k – £70k

Approval Speed

24 hours

Same-day for experienced drivers

Rates From

From 5.0% APR

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Finance options

Hire Purchase (HP)

Rate
From 5.5% APR
Term
12–60 months
Deposit
10–20%
Ownership
Yours at the end
Best for
Drivers wanting to own the vehicle outright

Finance Lease

Rate
From 5.0% APR
Term
12–60 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Tax-efficient — claim 100% of payments against profit

Operating Lease

Rate
From 5.8% APR
Term
24–48 months
Deposit
None required
Ownership
Return at end
Best for
Upgrade to latest models and stay emission-compliant.

Representative example

Borrow £35,000 over 48 months at 5.9% APR (fixed). Monthly repayment: ~£728. Total amount payable: ~£34,944. Rates depend on your circumstances.

Popular models

Model Price Range Type
LEVC TX Electric Taxi £55,000 – £65,000 Black Cab (Electric)
Toyota Prius (PHV) £28,000 – £35,000 Hybrid Private Hire
Mercedes V-Class £45,000 – £60,000 Executive MPV
Volkswagen ID.4 (PHV) £35,000 – £45,000 Electric Private Hire

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Tax benefits

Taxis and private hire vehicles qualify for Annual Investment Allowance (AIA). Electric taxis attract enhanced capital allowances with 100% first-year write-off. Lease payments are fully deductible from profits.

Market context

There are over 280,000 licensed taxi and private hire vehicles in England alone. The shift to electric is accelerating — LEVC TX sales grew 35% in 2024. London's Ultra Low Emission Zone requires all new taxis to be zero-emission capable.

Bad credit?

Several of our 200+ lenders specialise in businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options exist. Our eligibility check uses a soft search only — no impact on your credit score.

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Frequently asked questions

Can I finance a used taxi?
Yes. Most lenders finance used taxis up to 5 years old with valid licensing. Electric taxis and hybrids get better terms due to longer licensing windows.
What deposit do I need?
For hire purchase, most lenders ask for 10–20% deposit. Some taxi-specialist lenders offer lower deposit options for experienced drivers.
Do I need a taxi licence to apply?
Not always at application stage, but you'll need a valid hackney carriage or private hire licence before the vehicle can be used. Lenders may require proof of licence or application.
How quickly can I get taxi finance?
Most applications are approved within 24 hours. Many taxi-specialist lenders offer same-day decisions for experienced drivers.

Guides and resources

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