gusmac wrote:
Doom wrote:
[
You have 51 that know about it, once word gets out there will be more than 51 I assure you,
Plus lets look at this own car routine
Car - £125pw based on a cheaper WAV over 5 years
Insurance - £40pw based on a mature man with little or no bonus in a good postcode
Repairs - £20pw based on a vehicle that only needs servicing, brakes and tyres
Licence - £10pw based on road tax and council vehicle licence
£195pw before fuel,
You could say this can increase by £60pw depending on the insurance and if the cab is reliable or not, with a turbo being £1000, a clutch being £800 etc it only takes a few fails to see your margin walk out the door,
Locally a 24/7 car is anything from £200 - £270 depending on what it is and how desperate the owner is to have a bum in the seat, so from my point of view being able to own my own cab at those sort of figures would make me think no thanks, and that's before you factor in more mouths = less work, so you effectively whammy yourself creating a smaller plate to eat from.
Well to listen to this, you'd think the guys renting cabs out were doing it for charitable purposes.
By your figures, they can't be making much
I can't be arsed picking your figures apart, but new cabs can be had for far less than £125 a week and the deals are usually 4 years, not 5.
http://www.thetaxicentre.com/viewCars.asp?ID=23 and that's for WAVs. Saloons are less.
And that's assuming they even buy a new cab...
Fuel is irrelevant, since the renter pays for that too
Ring them up Gus, what they print isn't what you end up paying, my mate has just bought an NX8, the advert said £22k, he paid £25k for it in the end and it's well over £30k by the time the interest is added, just break down the 25k over 5 years and you are talking £100pw, add the interest and it's the £125pw I listed and do it over 4 years and it's up around £160pw, I'm not making it up it's the fact of the matter, another trick is £19k, but go with cash and see the deal die and become £25k,
You won't be allowed a saloon under new licences it will have to be a WAV and normally brand new as well,
Fact is the rent is market driven, if the driver can take £1000pw it's going to be higher than an area where you can only take £400pw, if you get the chance go for it, and I'll sit back and watch you go bankrupt (not with any pleasure I may add) but that will be the end result, I've experienced this free market thing before, fleet almost doubled before ppl started having to hand the car back as a bad debt, then it got turned over and we went regulated again, now who is more likely to know the real truth, me whose been there, or you who desires to go there, think about it mate.
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