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Bad Credit Taxi Finance Made Simple

Find out how Bright Motor Finance could help you maximise your earnings as a taxi driver by locating the most advantageous financial deals for you. We could help you secure a great bad credit taxi finance deal. Read on for more!

Rates from 10.9% APR. Representative APR 19.9%

Bad Credit Taxi Finance

Instant Online Decision

Our online form takes less than 60 seconds to apply & the decision is instant, we will contact you.

£0 Deposit options

If you are approved, we may have £0 Deposit Options available for you, depending on your circumstances.

Free History Checks

We will conduct a Free History & Value Checks on your behalf to ensure the car is fit for purpose.

Bad Credit Taxi Finance

Taxi Finance

As a taxi driver, it would make sense to maximise your intake by owning your taxi. We want to help you start your new taxi business venture even if you have Bad Credit.

Our Lenders

We have great relationships with a wide network of lenders and dealers who specialise in bad credit taxi finance. While we have great relationships with many trusted companies, we want to make it very clear that there is no favouritism between any of our contacts, and our sole purpose is to compare these lenders to find the best deal for  taxi finance for our customer.

Our Promise

We promise to inform and assist our customers towards their taxi finance application every step of the way.


The information on this page should not be treated as a replacement for expert financial advice to do with your personal unique situation, but more as preparation ahead of your bad credit taxi finance application. You can get more information from a Credit Reference Agency if you want to find out more

Data Protection

Here at Bad Credit Motor Finance, we are here to secure the best deal possible for your unique situation. Everybody is different, and all require a fine tuned service to suit their specific needs within their car finance application, especially with a bad credit rating.

We are independent brokers, so are able to access our wide network of lenders in order to secure the best deals for you. Just click ‘Quick Apply’ and enter your details into our free calculator for us to compare the best quotes for your consideration. Your data will be completely protected.

Facts & Figures

The taxi industry is an essential part of UK transport, with nearly 300,000 registered taxis operating in the country. They are the main sources of transport outside of public transport hours, and are responsible for getting us safely from A to B at an affordable rate.

I Want To Be A Taxi Driver

It could be advised to work for an agency when you initially start out in order to obtain valuable training and experience before fully committing to your own start-up.

It is possible to lease a car for a set weekly fee and utilise it as a taxi. Although it will be expensive, you can keep all of your fare money.

It can be challenging to create your own company alongside more well-known ones when you initially start out, but you can pick up work from these organisations by paying them a fee and they will outsource the work to you as a self-employed driver.

Building a steady clientele that relies on you when ordering transportation is the best approach to grow your taxi business. Business cards and word of mouth are very effective tools! Just make sure you’re ready for any unexpected increases in business as your company starts to gain greater recognition. It’s crucial to have security insurance in place because dealing with strangers in public can always be risky.

We're Here To Help!

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Our Bad Credit Finance Calculator

If you require a rough estimate of your entitlement and payments, you may wish to use our Finance Calculator, it is simple to use and takes less than a minute.

Rates from 10.9% APR. Representative APR 19.9% Representative Example: Borrow £6,000 with £1,000 deposit over 48 months with a representative APR of 19.9%, the monthly payment would be £182.26, with a total cost of credit of £2,748.61 and a total amount payable of £8,748.61. Car Loans UK is a broker not a lender. This is an example only, all finance subject to status. Lender fees may apply

Frequently Asked Questions

Can I compare Taxi Finance On Bad Credit?

The most popular option when purchasing a vehicle to own is through a finance contract.

With bad credit, you will typically expect to pay a higher interest rate. But if you make your payments on time, then that credit score can only improve if you show that you are reliable, meaning you’ll be able pay a lower interest rate.

Other ways to improve your credit score include registering with the electoral roll, securing a guarantor and completing a credit report. Compare the best credit reports for you

There are different types of taxi finance available such as black cab finance, private hire finance, hire purchase, lease purchase and finance lease. If you seek advice from us or anyone else, they will look at your personal situation and recommend which type of finance deal is the best for you. It is also possible to refinance your taxi if you like, which is to take another loan out to pay off the initial loan. This could be useful as a business owner if you could do with more funds elsewhere for the time being.

It is important that you are confident that you can make all of the upcoming payments on time, because it will only result in more stress for you – and you don’t need anymore on your plate when starting up your taxi business.

So What Happens When I Use Taxi Finance?

A taxi finance deal is slightly different to a standard car finance contract for personal use. The main difference is the car mileage estimates. Lenders are known to be very mindful of mileage limits because it will decrease the value of the car, making it more difficult to resell.

Obviously being a taxi driver means that your mileage estimate is completely open ended, so lenders will be reluctant to hire a car if you don’t intend on purchasing it at the end of the hire period. This is why one of the most popular finance options for a taxi is through a personal loan. A personal loan is where you receive the money from a lender who is unlinked to the vehicle, and this allows you to purchase the vehicle outright. This would avoid any issues with a lender with regards to a mileage limit.

You can use this loan to buy a taxi on finance, or a fleet of vehicles in a larger deal.

With regards to working for a taxi company such as Uber, there are agreements in place where drivers can finance their car alongside their employment with Uber. This can also increase the chances of a better deal