Taxi Driver Online

This is my 11th year, why?

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Note to self: Just because it pops into my head does NOT mean it should come out of my mouth!!

How many have you met who pay their January tax bill with the extra dough they make in December?

How many can barely budget one shift to the next, let alone put money away for the taxman?

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http://wingsoverscotland.com/ http://www.newsnetscotland.com/

Sound financial advice from CC:
Borrow £50k and gamble it on a plate that could be worthless before the year is out. Did you used to work for HBOS?

You may as well tell them to put the money on a horse.......

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http://wingsoverscotland.com/ http://www.newsnetscotland.com/

£300 rental over a year is £15k over 5 years this is £75k, well enough to buy a decent Taxi and plate After 5 years you still have the value of the plate and at least a five year old Taxi, so over 5 years how much has your investment actually cost you ZILCH nothing or if anything your cost's are insignificant, you still have the value of the plate and your Taxi has only depreciated in value, you don't earn any less with depreciation of a Taxi

The Moral of my point is, i'd rather invest 5 years rental up front knowing i can't lose it, any years over 5 years i have free of what i would have paid in rental

If a driver is happy to pay £300 per week over say 5-20 years and many drivers are (Jasbar may not be happy to do it but has anyway) then that's their right, but guy's like me who have invested upfront reep the benefits.

I got my plate and a Taxi for £23k i then bought a new Metro for £27k (03) Total invested £50k, devided by the number of years i've held my plate 9 = per year £5,500, in today's prices saving my self £9.5k a year in what i would be paying as a driver, BUT!!! i still have my £50k so really it's cost me NOTHING per year, saving though 9 yrs rental at £15k a year = £135k, meaning over the last 9 years i'm better off by £135k

The system in Edinburgh is the system i bought in to, the plate value is an inhearited value, the system in Edinburgh is the game 97% of Edinburgh cabbies are willing to play

Buy up front get the rest of your career free that's what i say!!!

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Alway's been about Tightening the Grip!

actually plates are only worth at the moment 40k so your down 10k
would you like to know my figures
there considerably better than yours

btw what makes you think you cant lose it.
surely your not that naive are you

My Taxi, Position and plate Current value £55k ish

The value of a plate though depends on who is selling, the value is roughly £35k-/or £45k with position in CC or CRT

You do agree tough the system works for guy's who are willing to invest up front

You also agree that my figures are correct and it actually cost's zilch in the long run

The system in Edinburgh needs stability it needs the council to recognise and accept the plate values as inherited value's, we need the New York model which gives us that stability, a system that allows growth through Survey's of Demand and a system that allows YOU to continue carpetbagging altough one day your way will catch up on you

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Alway's been about Tightening the Grip!

Reggie Reggie,
If I did not know any better it appears that you have passed the AFPC (Advanced Financial Planning Certificate) and you should be registered to the FSA (Financial Services Authority) as a Financial Adviser with letters after your name ie Reggie AFPCDip.
What makes you qualified to give advice like you have just published on a public website advising people to invest in the 'Medium to Long Term' (5 years) to recieve back guaranteed income, guaranteed lump sum value and guaranted stability?
Do you know it is a Criminal Offence punishable by a custodial sentence to advise anybody to invest financially unless you are qualified and authorised by the relevant regulatory bodies.
I hope nobody is gullible enough to follow your ADVICE but hope somebody has forwarded your ADVICE to the relevant authorities

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LET THE TRUTH BE TOLD

I play the game by the rules but my plate has more than paid for it'self so really if i lose it, it's my own fault!!!

I appreciate the 1 plate i've got and no i'm not naive to take life for granted, my plate though NO i won't lose it, i love what i do too much too lose it

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Alway's been about Tightening the Grip!

What part of Donald Anderson saying that plates have no intrinsic value did you fail to understand Dougie?

Such a happy slave

EH
Still it made sense to you too respond

My way is the way it has been, a way that was inherited down to me and beyond, a way that many plate owners came to when deciding to invest or not, so it's not really my advice but advice that was handed down to me, i'm saying play the game the way you want to, drive or own but in the long run it really cost's nothing to own, as proven

Thank you very much

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Alway's been about Tightening the Grip!

HyPATHETICAL as usual Jasbar

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Alway's been about Tightening the Grip!

Aye, that's what Wayne Casey is advocating in his magazine article, but he's now saying:



So he's advocating local authorities should sell off plates, and at the same time he's saying they should become worthless.

I don't know if he means they should auction off enough plates that the value reduces to zero - that's called derestriction - or that they should raise money in the auction by selling off a few, then reduce the values to zero

And if you wanted zero plate values then what would be the point of a survey?

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Caledonian Cabbie

So where would a 30-year-old driver get the money from to buy a plate, if the banks think it's too risky to use it as security?

Why are you advocating the purchase of an asset so risky that the banks won't lend money on it?

After all, since even Wayne Casey is advocating that plates become worthless as an investment it doesn't even reach junk bond status, surely?

But of course as you make clear all you're worried about is consolidating the cartel and thus reducing the odds on your gamble coming up trumps.

Indeed, you just want a one-horse race won by a nag called Profiteering

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Caledonian Cabbie