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.
Finance for the Private Hire Sector
Asset finance is commonly used to purchase private hire vehicles. It’s often cheaper than business loans as the security is in the vehicle(s) being financed. Asset finance can also attract significant tax advantages. Origin will finance any new or used vehicle with a cost of £10,000 upwards.
Our range of products spreads the cost of private hire vehicles such as EVs, prestige marques, minibuses, and MPVs without tying up valuable working capital.
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 private hire finance work?
No matter the type or number of vehicles you need, we partner with a panel of over 120 lenders to provide you with the right financial solution. Origin can make payments to any supplier(s) of your choice and fund the purchase with fixed monthly repayments.
Private hire vehicle finance is a quick and easy option for business owners to keep things moving. Origin can provide flexible finance options including zero deposit, balloon payments, and terms of between two and seven years.
Private Hire 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.
