Taxi Driver Online

The exact same argument has been on here before.... they refuse to accept it..... mainly because they are in the position to arrange their own finances....... So if other people can't get finance their happy...... because they can't enter the private hire trade.

Interesting also if they're saying that they won't loan using the vehicle as security in unrestricted areas while in apparently rock solid restricted areas you can't get a loan secured against the plate

The exact same argument has been on here before.... they refuse to accept it..... mainly because they are in the position to arrange their own finances....... So if other people can't get finance their happy...... because they can't enter the private hire trade.

First "they" aren't objecting to others putting a vehicle on, unlike yourself

Second, it's a LOT easier to get finance for a motor than to buy one of your plates, assuming of course they're for sale

Indeed, but Brummers described it as a "very good reason", so I assumed he'd thought it through.

And indeed the credit crunch is perhaps a more relevant reason for some of the finance providers pulling out of the market.

I always thought that it looked a bit ropy financially. For example, I got a brand new £20k motor on HP and didn't pay a penny (no deposit) until I'd had it for a month. Even though they won't do this if somone has a bit credit rating, it always looked a bit too risky to me.

Also, the proviso in the consumer credit legislation (?) that allows a motor bought on HP to be returned after half the repayments wouldn't have made much financial sense either - an ex-taxi bought at £15k, say, with maybe 120,000 on the clock handed back after two-and-a-half years Probably worth a couple of grand, yet still £7k plus outstanding on the agreement. Some people I know did that with several different cars, and the finance companies must have taken a big hit on all of them, yet the owners just went to another provider and got the same deal.

Of course, they'll have made money on most of the loans, but I suspect it was all just another aspect of the free and easy credit market, and that some kind of, er, realignment would be necessary in the long term, so the fact that quite a few of the finance companies have exited the market hardly seems a surprise.

An increase in repossessions doesn't seem any kind of compelling evidence either, in view of the economic climate.

Interesting also if they're saying that they won't loan using the vehicle as security in unrestricted areas while in apparently rock solid restricted areas you can't get a loan secured against the plate

Your naivety never fails to surprise me.... the Finance that is being referred to is for wheelchair accessible vehicles... not your little second-hand saloon vehicle worth maybe £2,000... and that my dear chap is specialised finance... that you obviously don't understand.... But keep twittering away

when reading your comment.... it is obvious to see you have many views.... what is also obvious is that they are not based on practical experience....Always a bridesmaid but never the bride

The exact same argument has been on here before.... they refuse to accept it..... mainly because they are in the position to arrange their own finances....... So if other people can't get finance their happy...... because they can't enter the private hire trade.

The pseudo-serfdom of PH drivers was brought up on a number of occasions and the employment status of these drivers too,

Well perhaps I'm exaggerating your point slightly, but you can't get finance on new PH, or on new taxis in unrestricted areas, or on new WAVs in partially derestricted areas?

I don't think there was any comment about not getting finance on phvs in any area and to be fair people generally get finance on a vehicle when it's ph. They do not specifically go for a phv do they?

My point was in relation to the claim that vehicle finance depended on restricted taxi numbers, thus to that extent no finance would be available on any PH, new or old.

By the way, didn't want to state the obvious earlier, but was the even worse serfdom in the restricted HC trade and the employment status of drivers there brought up as well?

Not that I'm alluding to anyone on here of course.

By the way, didn't want to state the obvious earlier, but was the even worse serfdom in the restricted HC trade and the employment status of drivers there brought up as well?

Not that I'm alluding to anyone on here of course.

My point was in relation to the claim that vehicle finance depended on restricted taxi numbers, thus to that extent no finance would be available on any PH, new or old.