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.
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🇬🇧UK-based advisors
Typical cost range
£15,000 – £70,000
Average: £35,000
Finance available
HP · Lease · Refinance
From 5.0% APR
Approval speed
24 hours
Same-day for experienced drivers
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Finance Options for Taxis
Hire Purchase (HP)
RateFrom 5.5% APR
Term12–60 months
Deposit10–20%
OwnershipYours at the end
Best for: Drivers wanting to own the vehicle outright
Finance Lease
RateFrom 5.0% APR
Term12–60 months
DepositNone required
OwnershipReturn or buy (balloon payment)
Best for: Tax-efficient — claim 100% of payments against profit
Operating Lease
RateFrom 5.8% APR
Term24–48 months
DepositNone required
OwnershipReturn at end
Best for: Upgrade to latest models and stay emission-compliant.
Popular Taxi Models & Costs
LEVC TX Electric Taxi£55,000 – £65,000Black Cab (Electric)
Toyota Prius (PHV)£28,000 – £35,000Hybrid Private Hire
Mercedes V-Class£45,000 – £60,000Executive MPV
Volkswagen ID.4 (PHV)£35,000 – £45,000Electric Private Hire
Tax Benefits of Taxi Finance
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.
UK Taxi Market
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.
Frequently Asked Questions
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