TXE - New Electric Taxi

Finance OptionsPersonal Contract PurchaseHire PurchaseSherbet DRIVE Rental TXE New Electric TaxiSherbet DRIVE Rental TX4 Euro 6 or Mercedes
Terms5 year contract – option to buy4 year contract – option to sellFlexible contract periodFlexible contract period
Cash Price after government grant55,60055,600n/an/a
Interest Rate6.9% APR subject to credit status6.7% APR subject to credit statusn/an/a
Mileage30,000unlimitedunlimitedunlimited
Deposit£3,250£3,25000
Payment scheduleDeposit in advance, loan repayments monthly. Other expenses payable in full as and when they occur.One fixed weekly payment covering all expenses
Payment methodMonthly Direct DebitMonthly Direct DebitStanding Order, Cash or Credit/Debit Card
Balloon payment£18,890000
Estimated depreciation per yearn/a£7,34000
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£2,75000
Road Tax£440£44000
Meter Inspection£130£13000
2 x MOT Inspections£90£9000
Annual Services & Overhaul£400£40000
Vehicle Recovery£85£8500
Tyres – 1 full set of tyres per year£800£80000
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 & RepairsWarranty cover for first 3 years or 120k milesFully includedFully included
Replacement vehicle during overhaul, inspections and repairs£60 per dayFully includedFully 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 OptionsPersonal Contract PurchaseHire PurchaseSherbet DRIVE Rental TX4 – Euro 5 (2014)
Terms5 year contract – option to buy5 year contract – option to sellFlexible contract period
Cash Price after government grant30,200£30,200n/a
Interest Rate8.9% APR subject to credit status8.9% APR subject to credit statusn/a
Mileage30,000unlimitedunlimited
Deposit£1,800£3,2000
Payment scheduleDeposit in advance, loan repayments monthly. Other expenses payable in full as and when they occur.One fixed weekly payment covering all expenses
Payment methodMonthly Direct DebitMonthly Direct DebitStanding Order, Cash or Credit/Debit card
Balloon payment£8,62500
Estimated depreciation per yearn/a£4,0000
Weekly loan repayments / rent£133*£128*£235
Annual loan repayments / rent£6,916£6,656£12,220
Annual Insurance Premium**£2,600£2,6000
Road Tax£1,390£1,3900
Meter Inspection£130£1300
2 x MOT Inspections£100£1000
Annual Services & Overhaul£400£4000
Vehicle Recovery£85£850
Maintenance & Repairs£600£6000
Tyres – 1 full set of tyres per year£800£8000
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 dayFully 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 OptionsHire PurchaseSherbet DRIVE Rental TX4 – Euro 4 (2007)
Terms5 year contract – option to sellFlexible contract period
Cash Price after government grant£30,200n/a
Interest Rate9.9% APR subject to credit statusn/a
Mileageunlimitedunlimited
Deposit£2,0000
Payment scheduleDeposit in advance, loan repayments monthly. Other expenses payable in full as and when they occur.One fixed weekly payment covering all expenses
Payment methodMonthly Direct DebitWeekly, Standing Order, Cash or Credit/Debit card
Estimated depreciation per year£2,0000
Weekly loan repayments / rent£53*£190
Annual loan repayments / rent£2,756£9,880
Annual Insurance Premium**£2,6000
Road Tax£2,3660
Meter Inspection£1300
2 x MOT Inspections£1000
Annual Services & Overhaul£6000
Vehicle Recovery£850
Maintenance & Repairs£1,2000
Tyres – 1 full set of tyres per year£8000
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 dayFully 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