TXE - New Electric Taxi

Finance Options Personal Contract Purchase Hire Purchase Sherbet DRIVE Rental TXE New Electric Taxi Sherbet DRIVE Rental TX4 Euro 6 or Mercedes
Terms 5 year contract – option to buy 4 year contract – option to sell Flexible contract period Flexible contract period
Cash Price after government grant 55,600 55,600 n/a n/a
Interest Rate 6.9% APR subject to credit status 6.7% APR subject to credit status n/a n/a
Mileage 30,000 unlimited unlimited unlimited
Deposit £3,250 £3,250 0 0
Payment schedule Deposit in advance, loan repayments monthly. Other expenses payable in full as and when they occur. One fixed weekly payment covering all expenses
Payment method Monthly Direct Debit Monthly Direct Debit Standing Order, Cash or Credit/Debit Card
Balloon payment £18,890 0 0 0
Estimated depreciation per year n/a £7,340 0 0
Weekly loan repayments / rent £177* £288* £340 £270
Annual loan repayments / rent £9,204 £14,976 £17,680 £14,040
Annual Insurance Premium** £2,750 £2,750 0 0
Road Tax £440 £440 0 0
Meter Inspection £130 £130 0 0
2 x MOT Inspections £90 £90 0 0
Annual Services & Overhaul £400 £400 0 0
Vehicle Recovery £85 £85 0 0
Tyres – 1 full set of tyres per year £800 £800 0 0
Total annual cost for first year (excluding depreciation) £17,149 £22,921 £17,680 £14,040
Equivalent weekly cost for first year £329.79 £440.79 £340.00 £270.00
Total annual cost for second year (excluding depreciation) £13,899 £19,671 £17,680 £14,040
Maintenance & Repairs Warranty cover for first 3 years or 120k miles Fully included Fully included
Replacement vehicle during overhaul, inspections and repairs £60 per day Fully included Fully included

Daily, monthly or annual contracts

Pay-as-you-Go option and pre-planned holiday options

***Sherbet DRIVE deals with TfL inspections, meter installation, insurance, maintenance, vehicle recovery and replacement.

*Actual loan repayments may be higher depending on driver’s credit history.

**Insurance cost is based on average premiums. May be higher or lower depending on your driving record

TX4 - Euro 5 Elegance

Finance Options Personal Contract Purchase Hire Purchase Sherbet DRIVE Rental TX4 – Euro 5 (2014)
Terms 5 year contract – option to buy 5 year contract – option to sell Flexible contract period
Cash Price after government grant 30,200 £30,200 n/a
Interest Rate 8.9% APR subject to credit status 8.9% APR subject to credit status n/a
Mileage 30,000 unlimited unlimited
Deposit £1,800 £3,200 0
Payment schedule Deposit in advance, loan repayments monthly. Other expenses payable in full as and when they occur. One fixed weekly payment covering all expenses
Payment method Monthly Direct Debit Monthly Direct Debit Standing Order, Cash or Credit/Debit card
Balloon payment £8,625 0 0
Estimated depreciation per year n/a £4,000 0
Weekly loan repayments / rent £133* £128* £235
Annual loan repayments / rent £6,916 £6,656 £12,220
Annual Insurance Premium** £2,600 £2,600 0
Road Tax £1,390 £1,390 0
Meter Inspection £130 £130 0
2 x MOT Inspections £100 £100 0
Annual Services & Overhaul £400 £400 0
Vehicle Recovery £85 £85 0
Maintenance & Repairs £600 £600 0
Tyres – 1 full set of tyres per year £800 £800 0
Total annual cost for first year (excluding depreciation) £14,821 £15,961 £12,220
Equivalent weekly cost for first year £285.02 £306.94 £235.00
Total annual cost for second year (excluding depreciation) £13,021 £12,761 £12,220
Replacement vehicle during overhaul, inspections and repairs £50 per day Fully included

Daily, monthly or annual contracts

Pay-as-you-Go option and pre-planned holiday options

***Sherbet DRIVE deals with TfL inspections, meter installation, insurance, maintenance, vehicle recovery and replacement.

*Actual loan repayments may be higher depending on driver’s credit history.

**Insurance cost is based on average premiums. May be higher or lower depending on your driving record

TX4 - Euro 4 Elegance

Finance Options Hire Purchase Sherbet DRIVE Rental TX4 – Euro 4 (2007)
Terms 5 year contract – option to sell Flexible contract period
Cash Price after government grant £30,200 n/a
Interest Rate 9.9% APR subject to credit status n/a
Mileage unlimited unlimited
Deposit £2,000 0
Payment schedule Deposit in advance, loan repayments monthly. Other expenses payable in full as and when they occur. One fixed weekly payment covering all expenses
Payment method Monthly Direct Debit Weekly, Standing Order, Cash or Credit/Debit card
Estimated depreciation per year £2,000 0
Weekly loan repayments / rent £53* £190
Annual loan repayments / rent £2,756 £9,880
Annual Insurance Premium** £2,600 0
Road Tax £2,366 0
Meter Inspection £130 0
2 x MOT Inspections £100 0
Annual Services & Overhaul £600 0
Vehicle Recovery £85 0
Maintenance & Repairs £1,200 0
Tyres – 1 full set of tyres per year £800 0
Total annual cost for first year (excluding depreciation) £12,637 £9,880
Equivalent weekly cost for first year £243.02 £190.00
Total annual cost for second year (excluding depreciation) £10,637 £9,880
Replacement vehicle during overhaul, inspections and repairs £45 per day Fully included

Daily, monthly or annual contracts

Pay-as-you-Go option and pre-planned holiday options

***Sherbet DRIVE deals with TfL inspections, meter installation, insurance, maintenance, vehicle recovery and replacement.

*Actual loan repayments may be higher depending on driver’s credit history.

**Insurance cost is based on average premiums. May be higher or lower depending on your driving record