Do you still hold?

First 45 Last

Share
Profile

Follow
Gillysrooms

9,304 Posts.

64

22/06/18

00:47

Post #: 33872004
Share
Originally posted by Mongrel ↑

Further to the above (and believe me, I am no apologist for taxis, just like to be informed): Clear reasons for Uber being cheaper:

registration - commercial rego is often vastly more expensive for taxis: around $6,000 pa (Qld). Uber cost: family sedan rego of about $700;

insurance - comprehensive commercial vehicle cost is $7,000+ pa. Uber cost: $500 to $1000 for the family sedan;

radio fees - taxi owners pay over $1,000 per month to a dispatch company. Uber cost: $50 - $150 monthly mobile plan;

inspections - taxis, like all commercial vehicles, are checked every 6 months by the Department of Transport. Uber cost: nil;

licence cost - taxi drivers have to pay extra over their standard licence to obtain an Industry Licence;

taxi drivers, usually have to pay for their training and new elements of training (eg CPR) are ongoing. Uber cosy: nil;

cost of taxi plates - currently over $500,000 in Brisbane. Servicing this cost (by leasing them or borrowing from a financial institution to buy them) is a major cost for owners. Uber cost: nil;

replacement vehicle - taxis cannot be on the road 6 years after their date of manufacture. The family car?

Taxis are obliged to service sectors of the community not touched by Uber (eg, wheel chair transport, aged-based taxi coupons, etc) which takes additional time over a "healthy" customer. Uber is only now starting to address disabled access, so will be interesting to see how it goes.

These excuses are, of course, meaningless to those that just want a cheap fare. The taxi industry/Govt really should address their costs.

Expand

Do you still hold?
CAB Price at posting: $2.25 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched stocks for Week 46, 2024

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

First 45 Last

Add CAB (ASX) to my watchlist

Do you still hold?

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched stocks for Week 46, 2024

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Cyclone signs MOU with Vale for development of Iron Bear play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Banshee's historic trenches prove rich in antimony and gold for GDM