Taxi drivers offered finance payment holiday in response to COVID-19

Taxi manufacturers LEVC and finance firm Black Horse have agreed to make a payment holiday available to drivers of the TX electric taxi on existing finance deals.

Black cab drivers can take a three-month finance payment holiday which is designed to ease the burden on the trade due to the current Coronavirus crisis.

Since January 2018, just over 3,800 electric taxis have been produced by LEVC, already preventing 30,000 tonnes of CO2 from entering the atmosphere and, as a result, saving 17.5 million litres of fuel.

Joerg Hofmann, LEVC CEO, said: “This is an extremely critical time and the payment holiday will hopefully play a role in softening the impact that Coronavirus has on taxi drivers.

“We recognise and celebrate the efforts they make daily to keep working and Britain moving. The taxi trade has endured many tough times over its long and proud history in London and other UK cities – and it will endure this one too. But this three-month bridge will hopefully ease the burden drivers face.”

The initiative has been agreed by LEVC and Black Horse – and is available nationwide.

TX drivers on any existing finance contract can apply for a three-month suspension of repayments by simply completing their details at www.levc.com/payment-holiday.

Image credit: LEVC