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Win your car finance with CarFinance 247


If you win, we'll pay off the finance on your car. It's that simple! Your car becomes completely yours, free and clear.

This amazing offer is open to anyone who has secured car finance with us throughout 2023, including Decemeber 2023!

This means that there's still time to enter, get your finance in December, and you're automatically in!

The lucky winner will be announced the week beginning 5th February 2024 on our instagram page.

Terms and Conditions apply.

Can I Get a Car Loan for A Minicab?

I have lived at my current address for two years, and year ago I applied for car finance from Toyota. I was refused don't know why. I work for Uber in London, and I pay £215 per week car rental. It works out to be a lot of money I'm paying each month. I don't know my credit score yet and I don't have any bills by my name but I'm on the electrol roll. I am being paid each week into my account from Uber. I'm interested to buying Skoda Octivia from Cargaint.

Asked by Sameer
October 27, 2015

Hi Sameer, thank you for your question, As long as you have been in the UK for more than 3 years, you should not have a problem securing car finance. Some lenders do place a cap on mileage, which is why you may have been declined in the past, but on the plus side - we do have lenders that can help taxi drivers secure car finance! If you are unsure of your credit rating, you can get a free check here. The fact that you have been leasing your car may well have helped to build up your credit, regardless of the fact that you do not pay any bills. Please make an application when you're ready and if approved we provide a no obligation quote and you can buy a car from any dealer. Kind Regards, Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 8 People

Get my quote
Rates from 8.9% APR. Representative APR 19.9%




Rates from 8.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £10,000 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £255.50 per month, with a total cost of credit of £5,329.80 and a total amount payable of £15,030.

We look to find the best rate from our panel of lenders and offer you the best deal that you're eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered in any way.

5 years
Total cost of credit £ 2000
Total repayment £ 2000
48 monthly
payments of
£ 245 98

Rates from 9.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £25,000 over 48 months, £3,750.00 deposit, on PCP, with annual mileage of 8,000pa, and a representative APR of 11.9%, an annual interest rate of 11.9% (Fixed), the amount payable would be £394.51 per month, an optional final payment of £7,194.33, with a total cost of credit of £9,912.36 and a total amount payable of £28,444.33. 

We look to find the best product from our panel of lenders and will offer you the best deal that you’re eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered in any way.


Taxi related questions

Hello Rachel, I'm working as a cab driver in Cambridge. Currently, I am renting the cab from the cab company to whom I pay a pretty good amount weekly as rent and other expenses. I can save quite a lot if I own the car I use as minicab. The issue is, my c

Asked by Joby T
October 27, 2015

Hi Joby, thank you for your question and apologies for the delayed response. We can help people with past and current credit issues so you have come to the right place. As long as you're on the electoral roll at your current address, can prove your income and have a full UK licence we should be fine to get your next cab financed. The rate you will receive will be between 14% and 18% as you have missed payments recently. However, this does come down to which lender we can get you approved with. Please apply when you feel ready and onxce accepted we provide a no obligation quote and you can buy your car from any dealer. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 18 People

Can't find the right answer?

Our Manchester based team are ready to help you.


* The UK's largest online car finance broker by unique users to the website. Based on Similar Web data – 1,137,647 to CarFinance 247 vs. 753,819 for nearest competitor. January to June 2023.

CarFinance 247 is a trading name of CarFinance 247 Limited. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. (Registration Number 06035525).

CarFinance 247 is authorised and regulated by the Financial Conduct Authority for insurance distribution and credit broking (Firm Reference Number: 653019). CarFinance 247 is registered with the ICO (Registration Number Z1897658).

Finance is subject to status and is only available to UK residents aged 18 and over. Written quotations are available on request.

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