Taxi Driver Car Finance
Car finance for taxi drivers
Are you a taxi driver and need car finance for a vehicle that will be used as a taxi?
At Instant Car Finance we believe that you shouldn't miss out on car finance just because of the high mileage that the vehicle will do. We understand your circumstances and that your situation is unique.
Working with a wide range of car finance companies, we can help you get the right taxi finance for you.
Car Finance for Taxi Drivers
Car finance companies can often be wary of lending to taxi drivers because their job requires them to be constantly using the vehicle and covering a lot of miles. It also means that you will be on the road a lot, thus increasing the chance of an accident.
At the beginning of certain car finance agreements, an estimation will need to be made of how much the vehicle will be worth at the end of the contract, and a vehicle's value is largely dependent on its mileage.
This is where the issue lies for lenders because while they would usually take an average, a taxi driver's mileage is unpredictable, which makes it hard to produce an accurate value estimation.
We think differently at Instant Car Finance, and do not believe that being a taxi driver should present a barrier to you obtaining car finance. We have lenders who are open to helping people in this profession and some who are even specialists in this field.
Who Can We Help?
At Instant Car Finance, we can help sole traders and independent taxi drivers secure car finance.
As long as you have a full UK driving licence, you have lived in the UK for the last three years, you are over the age of 18 and you can afford to make the repayments, you could be approved for car finance as a taxi driver.