Get the green light on flexible and structured finances to help you purchase or upgrade your taxi with Savvy.
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Whether you're joining a vast network of Uber drivers, driving to make some extra cash, or building a taxi empire, we have the products to suit your needs. Our products are tailor-made for taxi owners and operators. At Savvy, we have solutions that keep up with the modern individual and business needs so that you can keep on moving forward.
Being in the taxi business is competitive. More people are using taxis services for its convenience. The increasing popularity of ride sharing services like Uber have managed to save Australian Uber X riders $31.5 million. The growing ridesharing community means that you need competitive financing to fund your business. Get loans that work with your cash flow. At Savvy we source our loans from over 40 of Australia’s leading lenders to help you get competitive rates and a fair deal.
Compare low-rate vehicle loans from over 40 of Australia’s leading lenders with us to help you purchase a taxi.
At Savvy, we approve loans for both new and used vehicles from dealers and private sales.
Savvy is rated 4.9 for customer satisfaction by 72 customers.
The taxi business is one where you need to be on top of your game to maintain customers who will generate your cash flow. However, with unexpected costs to factor in such as maintenance or business not generating income it can be hard to meet loan repayments. Therefore, you need to choose a loan that considers the fluctuation of owning a taxi. It needs to have low rate flexible repayments that protect your cash flow when the going gets tough.
It is vital to check the features of your loan. Some lenders will require that you provide an asset that they can secure to the loan. However, there are some restrictions as what you can and cannot use as collateral. For example, many lenders do not accept taxi medallions as security because of volatile pricing. If you choose a secured loan, keep in mind that whatever asset you choose to use as security can be repossessed to pay off the loan if you fail to meet repayments.
With Australians being able to save 800,000 hours a year from using Uber, there is no doubt that traditional taxi services are feeling the pinch. When it boils down to it, it is all about efficiency and safety for both drivers and customers. Investing in a car that gives your business that added edge is important. Therefore, getting a loan that allows you to purchase a new or latest range of used vehicles is essential. This will give your business the efficiency to drive it forward.
Whilst UberX rides in Australia are protected by liability insurance which provides coverage of $20 million for third party bodily injury and property damage, if you fall outside of this, you need to get yourself insured. Protecting your number one asset is one way to protect yourself when things go wrong. Without it, you could end up paying through your noise on vehicle damage costs. Insurance gives you peace of mind and protects you and your cash flow from additional expenses.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
