Taxi Finance – Fast, Friendly, and Focused on Your Business

Taxi Finance – Fast, Flexible Finance for Taxis and Private Hire Vehicles

Looking for taxi finance or funding for your private hire vehicle? We make the process fast, friendly and tailored to your business needs.

At First Oak Capital, we help licensed drivers and passenger transport businesses across the UK secure finance for the vehicles they need—whether that’s a Hackney carriage taxi, a chauffeur car, or a private hire vehicle. We understand the rules, licensing, and vehicle requirements are different depending on your role, which is why we tailor finance options to suit both taxi operators and private hire firms.

Whether you’re a new limited company, an expanding fleet, or a driver replacing your current car, we’ll get you moving—quickly and professionally.

Taxi vs Private Hire – What’s the Difference?

Before we get into the finance side, it’s important to clarify who this is for.

• Taxi companies (Hackney carriages):
  Licensed to pick up passengers without pre-booking (rank or street hail). Often regulated by local authorities and usually fitted with meters and signage.

• Private hire companies:
  Vehicles must be pre-booked through an operator and cannot be hailed on the street. These include executive transport, airport runs, chauffeur services, and minicabs.

We provide finance for both types of vehicles—whether you’re operating a black cab or a pre-booked private hire business.

Why Choose First Oak Capital for Taxi Finance?

Because we understand that for you, the vehicle is your livelihood—and we make financing it simple and stress-free.

We work with a wide panel of lenders who understand the taxi and private hire trade, including the unique needs of chauffeurs, minibus operators, and low-emission vehicle drivers.

With us, you’ll benefit from:

• ✅ Fast approvals—often within 24–48 hours

• ✅ Finance available for new and used vehicles

• ✅ Support for new limited companies and start-ups

• ✅ Options for electric and hybrid vehicles

• ✅ Clear, helpful guidance from a dedicated specialist

• ✅ Sole trader finance available for £25,000 or more, in line with FCA rules

• ✅ Honest support—even if you’ve had credit challenges

We remove the jargon, streamline the process, and help you get on the road and earning fast.

Who We Work With

We support a broad range of UK vehicle operators, including:

• Taxi drivers (Hackney carriage licence holders)

• Private hire operators with local authority licensing

• Chauffeur and executive car services

• Minibus transport providers (e.g. schools, airport runs, group travel)

• New limited companies entering the passenger transport market

• Established taxi and private hire fleets upgrading or replacing vehicles

Whether you drive solo or manage a growing business, we’ll work with you to find finance that suits your business model.

New Limited Company? We’ve Got You Covered

Setting up a new taxi or private hire business? Many lenders won’t touch companies with no trading history—but we will.

At First Oak Capital, we work with specialist lenders who regularly support newly formed limited companies, even if it’s your first vehicle. Whether you’re licensing your first Hackney carriage or expanding into chauffeur services, we’ll help you build a strong application.

We help new businesses:

• Finance their first vehicle or minibus

• Transition from PAYE to running their own licensed company

• Replace older vehicles to meet local authority regulations

• Invest in electric or low-emission vehicles for ULEZ compliance

We love seeing new businesses succeed—and we’re proud to play a small part in that journey.

Important Information for Sole Traders

We can also support sole traders, provided the amount borrowed is £25,000 or more.

This requirement is due to Financial Conduct Authority (FCA) regulations. If your borrowing is below that figure, we may not be able to offer a solution—but we’ll always be honest and guide you appropriately.

What We Can Help You Finance

We fund a wide variety of vehicles used in the taxi and private hire industry:

✅ Hackney Carriages (Taxi)

Licensed street-pickup vehicles.
Examples: LEVC TX, Peugeot E7, traditional London Black Cab

✅ Private Hire Cars

Used for pre-booked jobs only—ideal for airport runs, business clients or evening work.
Examples: Toyota Prius, VW Passat, Hyundai Ioniq, Skoda Superb

✅ Chauffeur Vehicles

Executive cars offering luxury transport to VIPs and businesses.
Examples: Mercedes E-Class, BMW 5 Series, Audi A6, Lexus ES

✅ Minibuses

Used for contracts, airport transfers, schools, or accessible transport.
Examples: Ford Tourneo Custom, Mercedes Vito, Renault Trafic

✅ Electric Vehicles

Clean, efficient and increasingly required in low-emission zones.
Examples: Nissan Leaf, Tesla Model 3, Kia e-Niro, Toyota Prius Plug-In

We fund both new and used vehicles, and can assist with purchases from reputable dealers or private sellers (subject to standard checks).

Electric Vehicle (EV) Taxi Finance

ULEZ and Clean Air Zone regulations are pushing more drivers to go electric—and we’re here to help you do just that.

We can finance a wide range of EVs suitable for taxi and private hire use, including:

• Fully electric taxis (LEVC TX, Nissan Leaf, MG5 EV)

• Plug-in hybrids (Hyundai Ioniq, Kia Niro PHEV, Prius Plug-In)

• Electric saloons and estates (Tesla Model 3, Kia e-Niro)

Electric vehicles offer lower running costs, reduced emissions, and improved access to city licences. We’ll help you fund the right one for your business.

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Used Vehicles Welcome

A quality used vehicle can be a smart choice—lower upfront costs, less depreciation, and quicker delivery.

We regularly finance:

• Ex-taxi and private hire cars from approved suppliers

• Chauffeur vehicles in excellent condition

• Minibuses and accessible vehicles

• Used electric or hybrid vehicles

• Private sale purchases (with appropriate documentation)

Let us know what you’ve found—we’ll help you finance it quickly and securely.

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Finance Available for Challenging Credit

We understand that life doesn’t always go smoothly. If your credit history isn’t perfect, we may still be able to help.

We work with a range of non-mainstream lenders who assess the full picture—not just your credit file. Whether it’s low credit score, past defaults, CCJs, or irregular income, we’ll talk through your situation and find a solution where possible.

We believe in second chances—and helping businesses grow stronger.

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How the Process Works

Our process is built to be fast, straightforward, and tailored to your needs.

Step 1 – Speak to us

Fill in our quick application form or give us a call to talk it through.

Step 2 – Tell us your plans

We’ll ask about your business type, vehicle, and licence situation. Don’t worry—we keep it simple.

Step 3 – We search the market

We use our panel of trusted funders to find the best fit for your business and your goals.

Step 4 – Review your offer

We’ll explain the deal clearly—no hidden fees, no jargon. You stay in control.

Step 5 – You’re good to go

Once approved, we handle the paperwork, pay your supplier, and get you on the road.

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Why Choose First Oak Capital?

We’re not a call centre or a corporate machine. We’re a small, friendly team that specialises in getting the right funding for working people like you.

With First Oak Capital, you get:

• Personal service from day one

• Fast decisions and clear communication

• Lenders who understand your industry

• Support for limited companies and £25k+ sole trader borrowing

• Confidence that you’re being looked after by people who care

We’re proud to work with the people who keep the UK moving.

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Apply Now – Taxi Finance That Works for You

Whether you need a new Hackney carriage, an electric private hire car, or a fleet of executive vehicles, we’ll help you make it happen—with speed and clarity.

✅ Taxi and private hire finance
✅ New and used vehicles
✅ Limited companies welcome
✅ Sole traders borrowing £25,000+ supported
✅ Electric vehicles and minibuses available
✅ Straightforward service, no pressure

Complete our short application form or call us now to speak with a specialist.