Taxi Finance Question - Advice Much Appreciated - HotUKDeals
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Taxi Finance Question - Advice Much Appreciated

sabz786 Avatar
6y, 2m agoPosted 6 years, 2 months ago
Just wanted to ask for advice for my brother really, he is 25 years old and is about to purchase a 2nd hand LTI TX2 taxi and is looking for finance. The cheapest he has is Tesco loans, borrowing 9,000 at 7.7%. Is the best deal for him to go for? He has a good credit score etc.

Is there anything else he needs to take into account? He has a quote for insurance already.
sabz786 Avatar
6y, 2m agoPosted 6 years, 2 months ago
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#1
Hard to comment as you haven't said if it's a secured or unsecured loan etc, but the best place I've found for comparing loans is below:

http://www.moneysupermarket.com/loans/

He will need to factor in license costs from the Council and any specifics they have about the vehicle - some don't allow older cars to be granted a license.
#2
Where is he ?
London is going to have a few probs as the power that be want only tx4 cabs onwards.
For the loan ask at local office or trade papers.
#3
the council is birmingham, and the loan will be unsecured.

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