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Private Hire Taxi's - Good income?

I am looking for a part time job as i am currently laid off by my employer... can you make a good income off private hire taxi's and what would u make a day/week?

Comments

  • Kayalana99
    Kayalana99 Posts: 3,626
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
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    I've never done it myself - but speaking to a taxi driver he had to pay £100 up front a week - so to work part time you'd be earning pence - but to do 60hours a week he said you'd be pulling in 30k or so, I think the more hours you can put in the more it pays off because of the original outlay.

    I suppose it depends on how the company is set up that your working under.
    People don't know what they want until you show them.
  • ms_night_ryder
    ms_night_ryder Posts: 3,029 Forumite
    I was talking to a uber driver, he said he was pulling in £700 a week, he said they are the best company he has worked for, maybe check them out.
    Lose 28lb 3/28lb
    SPC Member 1522/2012-£264/ new pot 2013
  • ali-t
    ali-t Posts: 3,815 Forumite
    My partner has a licence and has to pay taxi operator £250 per week for the use of the car. He doesn't earn much and I don't see how people can earn much unless they work 12 hr shifts 7 days a week.

    It's a good thing to have in reserve if other jobs don't materialise but not really much of a career.
    If you always do what you have always done, you will always get what you always got!
  • w211
    w211 Posts: 700
    Eighth Anniversary 500 Posts Combo Breaker
    Forumite
    I'm in the job, and no you won't make a good income doing it part time. The fixed costs are too high, to make a decent living.

    Firstly, you would need to be licensed by the local council, which means getting a CRB check and medical. You would also probably need to do a topography test (which should be straightforward if you know your area well, and depending on which council/local authority - do the London Knowledge and it will take a few years). This process could take anything up to a few months.

    You will then need to get a suitable car, which also needs to be licensed, MOT every six months (usually), typical insurance will about 2 to 3 times as normal SDP. Unless you hire a car from a company. You will also get through a lot of fuel, tyres and maintenance.

    It's all very well, people saying you'll earn £30k, £40k, £50k a year but to do that you would need to find a good company to work for, or find your own work (hard, if you're just starting out), and be prepared to put in the hours, say 60-70 hours a week. Expect to do about 30,000 miles a year if you're just doing town work, and about 50,000 miles a year if you do a lot of distance/airport runs. Doing those sort of mileages you're looking at about £100-£200 a week in fuel, servicing 2 to 3 times a year, and at least one set of tyres.

    Uber (https://www.uber.com) is currently only suitable for experienced drivers (in my opinion). Passengers can give you a rating and leave comments after their journey, and if your rating becomes too low, they may ask you to come into the office and explain.
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