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Taxi Plates

Discussion in 'Small Business' started by Darlinghurst Boy, 10th Jul, 2015.

  1. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    i noticed Taxi Plates have gone way down in Sydney.
    Used to be 425k in 2012 now 325k average.

    Can lease them for over $500/600 per week on a 3 year lease .

    Risky at the moment due to Uber .
    Possibly still good investment and now right time to buy if you are.

    I nite the Bank wont use them as Security anymore either.
     
  2. geoffw

    geoffw Moderator Staff Member

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    I don't see something declining rapidly in value as a good investment- especially with Uber.
     
  3. imbi3

    imbi3 Well-Known Member

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    I know ANZ still does accept them
     
  4. datto

    datto Well-Known Member

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    If the NSW govt can get rid of Uber then those Sydney taxi plates will skyrocket in value IMO.

    7.5 % yield is a great return. I just wonder how tough it is for the humble taxi driver to make money these days.

    .Next time I jump in a cab and IFthe driver speaks English I might ask.
     
  5. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    No one is going to get rid of disruptive innovation like Uber. Why should the taxi market be protected? It certainly is not in the interest of the consumer. I don't see Uber and the likes going backwards over the medium to long term. Taxi drivers that have enjoyed years of a government protected market however is another story. And I as a consumer ain't gonna cry about :)
     
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  6. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    I still like taxi plates , many are advertised on taxi trader

    330k Sydney renting out at $500 a week on a 3 year lease !!!
    No expenses to pay out .

    Gold Coast taxi plates would be better !!!!
     
  7. alexm

    alexm Well-Known Member

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    Sure the taxi industry is protected however i see that as a good thing. Drivers are accredited, vehicles must comply with regulations, and I know where I can easily find one.

    Uber is nothing like this. Personally I wouldn't risk using Uber.
     
  8. sanj

    sanj Well-Known Member

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    Unluckily for you millions around the world disagree and are experiencing a far superior service with uber.

    In San Francisco uber is now bigger than the entire taxi industry combined.

    At least give it a go before writing it off, I personally think it's great. I find many people are apprehensive or skeptical about it until they try it
     
  9. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    Its devaluing the taxi plate prices !!

    Sydney taxi plates feb 2012 425k now 330k and going lower
     
  10. Pistonbroke

    Pistonbroke Well-Known Member

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    I've never had a takeaway meal in a cab. Why do you have to have special plates for a taxi?
     
  11. Azazel

    Azazel Well-Known Member

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    Why are Sydney taxi plates specifically going down in value but not other locations? Uber is everywhere. Uber is uber alles.
     
  12. geoffw

    geoffw Moderator Staff Member

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    Uber is over.
     
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  13. Azazel

    Azazel Well-Known Member

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    Correct.
    I'm not sure why people use it out of context.
     
  14. Northy85

    Northy85 Well-Known Member

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    Sydney taxis are ridiculous though. If the drivers kept the cars clean, used deodorant and didn't talk on the phone there wouldn't be this drama. I've had to get in a couple wearing my work suit and I'm generally concerned it is going to get stained from all the mank on the seat.
     
  15. Pistonbroke

    Pistonbroke Well-Known Member

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    Don't catch cabs to/from manky areas.
     
  16. AndrewTDP

    AndrewTDP Urban Planning Consultant Business Member

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    Yep.

    Used to have to do regular Mosman - domestic terminal cab rides.

    Disgusting until I found one decent driver who I booked direct with.

    Meanwhile Uber is based on feedback from customers. Under 4.2/5 and they get counselled and told to pick up their game. If it continues to go down they get fired. Much better than the taxi industry.
     
  17. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    How do you know this? If they get rid of Uber the plates will rise.

    Are u sure Uber is over?
     
  18. geoffw

    geoffw Moderator Staff Member

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    Azazel likes this.
  19. Azazel

    Azazel Well-Known Member

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  20. Azazel

    Azazel Well-Known Member

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