today…a taxi buy in bulk with discount cost average 100,000k
taxi rent out to a driver at average $130 per day, translate to
averg $3,900 per month.
If I initial downpaid 40k for the taxi, left with 60k at 1.88%
interest over 5 years payment…you paid only averg $1,100 per month
as installment..if add on insurance and road tax, the most you paid
is only $2,000 max per month.
If 2k is translate into 30 days rental, it is only $66 per day
rental for a brand new cab. So now you know why taxi companies are
reporting millions earn in profit.
And if you get a partner to drive the other shift, it is only
$33 per shift, 2 hrs driving during peak…smlj also earn back
liao..tio bo?
That is why, ownership of taxi is alway out of question.
