Taxi Finance Explained | The Taxi Centre

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Finance Explained

Understand your buying options

We act as a credit broker, not a lender, and will introduce you to one of our finance options

Hire Purchase (HP)

Hire Purchase is a way to buy a vehicle with the flexibility to choose the amount of deposit and the term of the agreement. As this is a fixed interest agreement the monthly payments will not change during the agreement.

This is an agreement secured against the vehicle and you will not own the vehicle until you have made all of the payments, including any option to purchase fee. You can settle the agreement at any point by paying the outstanding amount.

Your vehicle is at risk of repossession if you do not maintain the contractual repayments. Our Finance Lenders may or may not pay us for the introduction.

Finance Explained