Private Hire Vehicle Finance
As a private hire business, not only do you need to get passengers from A to B reliably, but you need to arrive in a professional and on-brand fashion.
A private hire vehicle may seem like a big expense, but spreading the cost over a number of fixed monthly repayments allows the vehicle to pay for itself over a fixed period of time. That’s where private hire vehicle finance comes in.
Funding for Private Hire Vehicles
Getting started or growing in the private hire industry comes with financial pressure — from vehicle acquisition to ongoing operational costs. Asset finance offers an efficient way to spread the cost, often with lower rates than business loans and added tax advantages.
At Origin, we understand the demands of working in private hire, where flexibility and reliability are key. With access to over 120 lenders, we offer tailored finance options with fixed monthly repayments to help you stay on the road without compromising cash flow.
Already own a vehicle and want to free up working capital? Check out our article: Everything your business needs to know about refinance. We’re here to support your journey, whether you’re just starting out or scaling up.
Are high upfront costs preventing you from funding the vehicles your business needs? Distributing payments over a period of time could help significantly – explore our funding options today.
How Does Financing for Private Hire Vehicles Work?
Whether you’re just starting out or expanding your fleet, Asset Finance is the most popular option for funding new or used private hire vehicles — including taxis, executive cars, or chauffeur-driven models. Business Loans can be used for licensing, insurance, branding, or vehicle modifications such as wheelchair access. Refinance can also help release equity from a vehicle you already own to support cash flow or fund another purchase.
Once you’re ready, your Account Manager will compare lenders, secure a tailored offer, and guide you through each step. With access to over 120 lenders, funding can often be approved and released within 24 hours.
Try our repayment calculators for an idea of costs, or use our eligibility checker for a quick, commitment-free assessment.
Private Hire Vehicle Business Finance Key Points
Private hire vehicle finance is a turnkey solution that covers the entire cost, including any optional extras, extended warranty packages, and servicing contracts.
A deposit is not required, and you can make overpayments or settle at any stage.
Vehicles can be new or used with no age restrictions.
Private hire vehicle finance can be spread over 2 – 7 years.
The lender makes payment directly to the supplier(s) of your choice.
Origin is a finance broker, and we will pair you with the most suitable lender on our panel.
Private Hire Finance FAQs
Can I finance private hire vehicles that I already own?
Can I fund used vehicles with private hire vehicle finance?
Can Origin cover the entire cost of private hire vehicles?
Can you get finance for private hire vehicles?
What different finance solutions does Origin offer?
What type of finance is best for private hire?
Finance for vehicles
What different commercial vehicles can Origin help to fund?
We offer funding solutions for commercial vehicles of all shapes and sizes, across a multitude of sectors.
