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Can you help me with a loan for a taxi that I need for my business. I have found a nearly new Vauxhall Insignia that I want but the car dealer has told me that they are unable to arrange taxi finance as their finance company does not do it. I am a sole trader and have been using a car provided by the firm I do a lot of work for but would now like to buy my own.

Hi Tim, and thanks for your email.

Yes we can help with Taxi Finance even though a lot of finance companies do not. A lot of lenders are a bit cautious when it comes to funding taxis as they often do a high mileage and therefore can drop in value more quickly because of this.

We work with a few specialised lenders who understand the taxi and private hire industry and are happy to provide taxi finance as long as you can prove your income and you are registered on the voters roll.

We can arrange taxi finance for black cabs or private hire vehicles like the Vauxhall Insignia that you have seen and this can be spread over four to five years depending on the Lender. It also possible sometimes to arrange the finance so that you can buy a car privately so if you spot a particular bargain then do call us and give us the details and we will look into it for you.

Can you please complete our online taxi finance application form and we will get back to you within sixty minutes during working hours.

For more information you can also CLICK HERE to visit our taxi finance page or you can telephone on 0800 066 2888 to speak to one of our helpful advisors.

It sounds simple and it is!!

taxi finance

About The Expert

Jon Le Roux is co-founder and company director of The Car Loan Warehouse. Being a mad engineering and motorsport enthusiast, I spend more hours than is healthy, watching, reading or talking about cars, boats, motorbikes…..basically anything with an engine.