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UK cab trade debate and advice
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PostPosted: Sun Jun 27, 2004 11:47 am 
GOOD


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 Post subject:
PostPosted: Sun Jun 27, 2004 12:39 pm 
Anonymous wrote:


No-one has yet suggested an alternative business that offers the same immediate return, an established customer base etc, for less than £50k.


What the Fack is this? 50K. You didn’t really mean 50k did you? So why the Fack didn’t you put 25k you dopey [edited by admin], or was it a case of moving the goal posts to sustain an argument that you had already lost lol

Quote:
Any business is a risk, buy a corner shop and see Tesco open up the road.


The thing about owning a corner shop is that you might lose a little or maybe a lot of business but you don’t lose all of it. Now what do you lose when you invest 50k or 25k in a plate and the council deregulate soon after? Yes you guessed it, you lose the fackin lot

Thank you very much.

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How about the stock market, pension funds, endowments, rock solid investments?


What about the Stock market? The Stock Market is very high risk?

Ask the investors of Cable and wireless, Marconi, BT, Royal Doulton. I could go on and on.

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You access the risks, set that against you personal circumstances, every business is a judgement call.


You access the risks do you? Does this mean you calculate the possibility of the venture failing? Does this mean the risk you are undertaking is calculated?

Definition of Calculated from Webster’s dictionary.

calculated - carefully thought out in advance;

I assume this is what you mean by “access the risks”

So in other words you take a calculated risk? I’m glad we put that one to bed. lol

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Too few plate holders have a clue about the basics of business; they muddle along struggling to make a living, that is not running a business.


Hang on matey, in another post did you not post under anonymous and say that people who buy a plate “show a degree of business acumen”

So now you’re saying too few plate holders have a clue about the basics of business?
Not very consistent are we matey?

There is nothing scientific about maintaining a Car or Cab. When it breaks down you get it repaired. A private hire driver has the same repair bills in those authorities that license Cars as Hackney carriages as the Hackney cars do. You seem to be associating a Hackney carriage license as something unique. Its not, the license has nothing at all whatsoever to do with maintaining a car. The license is a just a piece of paper, you may as well wipe your backside on it that’s how relevant it is to costs.

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There are some that do understand and make a very nice living but that is a crime to the likes of "sussex".


I suppose you’re one of those that’s makes a very nice living lol. It wouldn’t surprise me if Sussex makes as much if not more than you. The power of earnings in each licensed Authority is not governed by your fackin business acumen it’s governed by the amount of hours you work.

Simple economics to a brain like you.

JD


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 Post subject:
PostPosted: Sun Jun 27, 2004 1:40 pm 
Anonymous wrote:



Plates may lose their re-sale value but they will still earn money for you if you work them.


If plates are going to lose their value what’s the fackin point of investing 50 or 25 grand.

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More cabs may mean less money or longer hours for the same money,


Oh you endorse what I said, lol. Simple economics isn’t it. Now you’re learning.

I asked Nigel if he was earning more money before his council de restricted numbers and not surprisingly he said he was earning far less for the same number of hours since de restriction. So you have it straight from the Horses mouth, don’t ever forget it.

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So what does £50k get you in the way of income ? A plate is entry ticket to the market, an established demand built up over years.


There’s that 50k again lol

It’s what you are prepared to pay that is the entry ticket into the “restricted market” the piece of paper is what you are buying. In over 55% of the country you don’t need to pay for that little piece of paper.

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Plates have no value only a price, the original question was about investing 25K that opens even fewer doors, I took the figure of £50k to include vehicle, insurance etc, on the road price as such.


Well blow me down with a wet kipper. You mentioned 50k with the hope that we would read your simple mind and extract from it that what you really meant to say, was that 50k was inclusive of Road tax, and Insurance. We couldn’t extract the etc part from your brain because we are not quite sure where to find the cells that contain the “etc” information. Maybe you can enlighten us on what the etc is.

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If you cannot raise £50k you should not consider any business venture.


lol why does this 50k keep cropping up? You said you never mentioned 50k, in later posts. Getting selective are we?

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Having paid £25k for a plate you should have recovered that within the first year.


You go from the sublime to the ridiculous. Its alright paying 25k for a plate but most of us need something to attache it to. I suppose you’re going to run around town waving a plate “shouting for hire”.

When you buy a Cab to go with your plate come back and re evaluate your financial appraisal. Then tell us what Authority you intend to work in and perhaps we can get an accurate estimation from someone in the forum who has knowledge of the potential earnings of that Authority. Then and only then, will we be able to calculate the potential gross earnings and the profit and loss attached to the investment you have just ventured into.

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I cannot believe any taxi grosses less than £35k per year in any area on a full time basis.


Well if you can’t believe that then your either not very bright or you don’t know the cab game very well. Go and visit Rosendale and ask some of the Cabbies in the local villages how much they earn per year and you will get your answer.

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The adult minimum wage is aroud £200 per week, would anyone bother to work full time for less and on this forum many drivers claim to take in excess of £200 every Saturday night.


Hours my friend, it all boils down to the number of hours you are prepared to work. The earning potential differs from location to location but at the end of the day it all amounts to how many hours you work as to how much you earn, you should know that you being a cab driver. I am assuming you are a Cab driver. What’s your registered nick anyway?


Quote:
You are buying a potential income when you buy a plate. Forget the re-sale you are looking for income not growth.


You don’t need to buy a plate to earn a living. My day driver doesn’t have a plate and he earns as much if not more than I do. So where’s the logic in buying a plate these days?

Drivers don’t buy a plate in over 55% of the country so your argument doesn’t hold water.

JD


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 Post subject:
PostPosted: Sun Jun 27, 2004 2:33 pm 
JD.

You are a small minded moronic windbag. That I can tollerate but what I find totally unacceptable is the racsist references you have stooped to in an attempt to divert from your initial mis-understanding of RISK and GAMBLE.
You have insulted all the Aisian and West Indian taxi drivers and I apologise to them because you are not man enough to.
You have no place in this trade, you are no better than a Fascist, White Supremist.


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 Post subject:
PostPosted: Sun Jun 27, 2004 2:43 pm 
T. wrote:
Either you don't read my posts fully or you are diliberately distorting what I have said and then rewriting the same thing in your own words.


I read all your posts avidly lol and I have no need to misquote you or misrepresent what you have said. I find your change of track when you can’t answer a point intriguing.

Such as the point I raised about in which Authority you can buy a cab and plate for 25 Grand. You gave the spurious answer that there are many Authorities including your own where a cab and plate can be bought. However, you obviously can't name any so I can only assume that you’re full of chit.

Quote:
The main point I made was that you buy a plate to secure an income not for growth. That is clear in my post but you have recycled it as your own thoughts.


The only thing that has been recycled is your wayward thinking. You invent mythical restricted Authorities that sell cabs and plates for 25 grand, then can’t substantiate your Statement, I expect you hope someone in this forum will come to your rescue and highlight an Authority where you can buy a cab and plate for 25k lol

I’ll tell you now sunshine, the price of plates are related to earnings and rents, if you can buy a cab and plate for as little as 25k I would look very closely at the earning potential of that district.

Quote:
The original question was from someone thinking about buying a plate with redundacy money, not borrowing as you distorted it.


Don’t move the goal posts, my initial reply was to your post which mentioned 50k. It might be convenient for you to try and wriggle out of your self made predicament like a slimy worm but you’re not going to get off that lightly my friend.


Quote:
Why have'nt you sold your plate if you are so certain and doing other than driving people from A to B.


I could have sold my plate 100 times over but it all comes down to that added element of calculating the risk. To me the license is an asset in so far that it earns me an income. If I sold that asset and I still wished to drive a Cab I would have to do one of two things, either work in an Authority which has no restrictions, or rely on someone else in Manchester for employment.

I take the view that the plate owes me nothing and Manchester will be one of the last Authorities to ever de restrict numbers. Therefore I am not prepared to Gamble that Manchester will de restrict numbers in the next 12 month. That’s my calculated risk.

I calculate there will be lots of other Authorities de restricting before Manchester finally gives up the ghost.

Quote:
Your example of buying a house for income is another crock, the comparison is as stupid as buying a plate and not driving.


Any idea how much students pay for accommodation up here? 65.00 a week I suspect down south it’s a lot more. You get 4 or 5 students in a house and you won’t stick your nose up at 300 per week.

Quote:
What do you expect to gain from dereg ? You are so keen to see it happen I assume you will benefit from it.


lol show me where I have ever said “I want de regulation” smart arse. Go and spend a week going through all my posts and prove me wrong lol. When you can't prove me wrong I'll expect an humble apology, "Moron".

JD


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 Post subject:
PostPosted: Sun Jun 27, 2004 3:09 pm 
T. wrote:
JD.

You are a small minded moronic windbag. That I can tollerate but what I find totally unacceptable is the racsist references you have stooped to in an attempt to divert from your initial mis-understanding of RISK and GAMBLE.
You have insulted all the Aisian and West Indian taxi drivers and I apologise to them because you are not man enough to.
You have no place in this trade, you are no better than a Fascist, White Supremist.


lol do you live the real world? I think not.

I think your Walter Mitty tendencies doesn't stop at disguising your own nick. It appears you have a severe problem with calling indigenous peoples with their accurate place name.

To suggest that defining someone as a West Indian or an Asian is racist Is pure stupidity. What would you have us call Scotsman, Englishmen or Welshmen? lol on second thoughts don't answer that lol.

JD


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 Post subject:
PostPosted: Sun Jun 27, 2004 3:40 pm 
John Davies wrote:
lol do you live the real world? I think not.

. What would you have us call Scotsman, Englishmen or Welshmen? lol on second thoughts don't answer that lol.

JD


the British?


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 Post subject:
PostPosted: Sun Jun 27, 2004 3:56 pm 
Mr T, you present a very good arguement but give up with this moron JD, don't you you know that this is the infamous Dusty bin in another guise. He lost the arguement a few posts back by stating

"The vast majority of Asians have not got a fackin clue what is going on."

He has certainly cast a slur on our Asian friends and if it was someone else who posted it then it would be deleted.

And as for saying that his plate doesnt own him anything after spending good cash on one ( or so he says) then he is the idiot.


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 Post subject:
PostPosted: Sun Jun 27, 2004 4:12 pm 
Happy Hackney wrote:
Mr T, you present a very good arguement but give up with this moron JD, don't you you know that this is the infamous Dusty bin in another guise. He lost the arguement a few posts back by stating

"The vast majority of Asians have not got a fackin clue what is going on."

He has certainly cast a slur on our Asian friends and if it was someone else who posted it then it would be deleted.

And as for saying that his plate doesnt own him anything after spending good cash on one ( or so he says) then he is the idiot.


Thank you for the advice, I only came accross this forum recently so do not know who "Dusty Bin" is and have not read his posts.
But I think you are right about being a lost cause his mind is closed to anything other than his own bigotted rants. I do not intend wasting any more time on JD.


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 Post subject:
PostPosted: Sun Jun 27, 2004 4:41 pm 
Anonymous wrote:
You are holding up Estate Agents as your example of honesty and integrity, is this Comedy Club Sunday ?

I think estates agents have a duty to give truefull advice. If they act the idiot they can be prosecuted.
Cab drivers can and do plead stupidity and blame the council if it goes wrong.


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 Post subject:
PostPosted: Sun Jun 27, 2004 4:43 pm 
John Davies wrote:
The only thing that is being demonstrated is your naivety. Not everyone who buys a plate thinks it through. You should come to Manchester you can sell as many plates as you want and the only people who will buy them at the going rate are Asians. The vast majority of Asians have not got a fackin clue what is going on. All they have is a growing ambition to own a cab. Amongst other things they look on owning a Cab as a Status symbol.

JD


In Brighton most of the lads selling are either the operators cars or white middle aged drivers who then go PH.
Most of the lads buying are from an ethnic background. :( :(


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 Post subject:
PostPosted: Sun Jun 27, 2004 4:50 pm 
T. wrote:
I will not take part in any futher discussion on this subject until this rasist slur is retracted and an apology posted.

I dont think anyone has slurred you. This topic may have got a little heated but i dont think anyone is being called a racist.
It just a fact in my area that most of the ones selling are a different ethnic background to most of those that are buying. Not all but most.


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 Post subject:
PostPosted: Sun Jun 27, 2004 4:56 pm 
T. wrote:
Happy Hackney wrote:
Mr T, you present a very good arguement but give up with this moron JD, don't you you know that this is the infamous Dusty bin in another guise. He lost the arguement a few posts back by stating

"The vast majority of Asians have not got a fackin clue what is going on."

He has certainly cast a slur on our Asian friends and if it was someone else who posted it then it would be deleted.

And as for saying that his plate doesnt own him anything after spending good cash on one ( or so he says) then he is the idiot.


Thank you for the advice, I only came accross this forum recently so do not know who "Dusty Bin" is and have not read his posts.
But I think you are right about being a lost cause his mind is closed to anything other than his own bigotted rants. I do not intend wasting any more time on JD.


It sounds suspicously like your answering your own posts Mr T.
:cry: :cry: :cry:

.........................................................................


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 Post subject:
PostPosted: Sun Jun 27, 2004 5:01 pm 
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Joined: Wed Sep 03, 2003 7:30 pm
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Location: 1066 Country
Happy Hackney wrote:
Mr T, you present a very good arguement but give up with this moron JD, don't you you know that this is the infamous Dusty bin in another guise. He lost the arguement a few posts back by stating

"The vast majority of Asians have not got a fackin clue what is going on."

He has certainly cast a slur on our Asian friends and if it was someone else who posted it then it would be deleted.

And as for saying that his plate doesnt own him anything after spending good cash on one ( or so he says) then he is the idiot.


I thought I was Dusty Bin. :shock: :shock:

As for the point about asian drivers, it's not racist, alas it's the truth, when it comes down to the issue of plate selling/de-limitation.

But I find it sad that the pious out there are more concerned about throwing stupid remarks and calling people stupid things, when all some of us wish to do is make people aware of the dangers of buying a plate.

But clearly some of those selling plates wish us to stay quiet. :( :(

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PostPosted: Sun Jun 27, 2004 5:25 pm 
Hello boys I'm back nice to see things haven't changed :? :? :? :? :?


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