Big Paul wrote:
Hi all, first post so here's to you all.
Looking for some guidance here. I've been driving for one of the radio cos full-time for two years now (my current owner since last Sept). It's an S reg TX, so a few years old now. I do Mon-Fri dayshift and have always paid £40 a day. Got a call from the current owner yesterday saying he was going to put the rent up to £45 a day, so for me that's £25 a week, £100 a month and almost £1200 a year increase.
Says he's not making much money/costs rising - all that stuff etc, but has his cousin doing Mon-Fri n/s as well as exclusive all Sat & Sun from a few weeks back. I have calculated that since I started working for him I have spent the equivalent of an hour short of 12 full shifts nursing the taxi in the garage, so have suffered a fair loss of income in doing so.
I have the changeover outside my house, so it means I don't have to worry about getting too/from work, to be fair and accept there's a value in that.
What I'm trying to establish is if other owners/drivers feel this rise is justified (coming just after the tarriff increase) or not. I feel it's a big jump but don;t want to tell him to do one if others feel I'm not living in the real world as regards current rentals etc. Thoughts?
Drove an E7 before and that was £40 a day. What's a Merc rental go for?
Appreciate any feedback. Cheers.
It sounds by your first post this owner is tying to squeeze out a living for himself through what he charges the drivers. In reality, he's putting your rental up when you are facing a drop in income over at least the next few months and possibly the year. He's right about his costs though, they're not likely to go down. However, he can't be that desperate if he's not driving himself. Maybe it's time to move on. On the face of things, it looks like it to me.
You might want to consider driving part-time when it pays to have your arse in the saddle. That's if, you can get another job on the books, it would probably pay better than being a full time cabby.
Your other option is buying in. Although, I would wait a few months before making a ridiculously low offer and see if anyone bites. You never know. You might end up buying your current owner out before he goes down the tubes.
