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PostPosted: Sat Feb 07, 2009 11:27 pm 
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Hi everyone, I'm about venture into the big wide world of private hire. Have put my licence application into the local council and just awaiting that to come back clear. After that it's making the decision to buy a car or hire from the company I'm going to work for.

Just wanted to say hello and perhaps get a bit of advice from all you experience folk out ther!

I'm from Bolton and the chap I've spoken to seems really nice. I've put together the following costs, would you say this is reasonable? I'm willing to put in the hours and have no problem with working unsociable hours.

This might seem a bit silly but it's an absolute dream of mine to work for myself. Thanks to some good fortune I only really need to earn about £500 a month to live so I've worked out the following, if anyone would be able to adjust these figures so they're more accurate I'd really appreciate it :). This is based on owning my own car. Once the chap has got back to me with costings for hiring (I'm 24 and normally his insurance only covers 25+ so he's going to look into it for me.

This is monthly

Insurance - £180
Radio Hire - £368
Diesel - £275
Maintainance - £150 (MOT Fees, brake pads/tyres/filters etc etc

Total - £973.

In a dream world, I'd bring home £1000 before tax a month, that being the case I've worked out the following.

40 hours a week £11.54 per hour
50 hours a week £9.25 per hour
60 hours a week £7.69 per hour.

Do any of those seem like reasonable take home figures? Having spoken to a lot of the guys I get taxis with, they seem to be pretty busy on Fri/Sat evenings and average 2 - 4 jobs worth £3 - £6 per hour and usually 1 to 2 jobs of a similar rate at quieter times (with the odd job that's a bit further).

So from that, what I'm looking for seems doable, providing I've got my costings near right we should be all ok!

A lot of the guys tell me it's really quiet at the moment, but I think given I'm willing to put in decent hours I should be ok from what I need to live.

I would appreciate any comments or just a hello! It would be nice to stick around as I like the internet :D.

Kind regards

Ash


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PostPosted: Sat Feb 07, 2009 11:31 pm 
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Location: BRIGHTON & HOVE
Ash,

Welcome, I'm sure some of my northern brothers will give you a run down on the cab economy in Bolton.

Best of luck.

Regards
BB

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GMB PDB P39 Southern Region Branch Secretary
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PostPosted: Sat Feb 07, 2009 11:33 pm 
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Location: Wirral
Don't know about you're costings but Hi anyway. I think it is more sensible to hire a vehicle to start with to make sure you like it before you make any commitment to purchasing your own and Good Luck I hope it all goes well for you :D

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PostPosted: Sat Feb 07, 2009 11:34 pm 
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Joined: Fri Nov 21, 2008 9:16 am
Posts: 16
Location: Nottingham
Hiya Ash,

I'm in the same boat but I'm 22 and looking to get into taxi driving as a full time career and think I would prefer the unsociable hours to be honest.

The main problem for me is figuring out how to break into taxi driving as a career and how to fund either a vehicle I own or a vehicle to rent.

Would like to see what sort of answers you get as they may help me too!


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PostPosted: Sat Feb 07, 2009 11:35 pm 
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brightonbreezy wrote:
Ash,

Welcome, I'm sure some of my northern brothers will give you a run down on the cab economy in Bolton.

Best of luck.

Regards
BB


Many thanks BB :)

toots wrote:
Don't know about you're costings but Hi anyway. I think it is more sensible to hire a vehicle to start with to make sure you like it before you make any commitment to purchasing your own and Good Luck I hope it all goes well for you :D


Thanks Toots :)

You're not sure meaning I'm totally wrong or you're not sure because... erm, well, you don't drive a taxi or are a HC or something?

The insurance is based on someone else of 21 on this forum advising they got a quote for £2000 so I thought I'd be able to get similar, the radio quote is accurate, diesel and maintainance are best guesses.

As I say, show me the way haha!

/clueless.


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PostPosted: Sat Feb 07, 2009 11:38 pm 
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Muttley wrote:
Hiya Ash,

I'm in the same boat but I'm 22 and looking to get into taxi driving as a full time career and think I would prefer the unsociable hours to be honest.

The main problem for me is figuring out how to break into taxi driving as a career and how to fund either a vehicle I own or a vehicle to rent.

Would like to see what sort of answers you get as they may help me too!


Ahh good luck to us both mate! Me too to be honest, I'm a bit of a night owl anyway, my sleeping patter is always 4am - midday when I'm off work. I'm sure I could change that to catch the morning rush hour.

I think I'll rent at first, providing it's no more than say... £5-600 a month to rent with insurance included. If it's more than that it would be difficult to justify renting instead of owning my own car. If it all went wrong and I hated it the car could always be sold.


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PostPosted: Sat Feb 07, 2009 11:43 pm 
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Location: Wirral
Ash wrote:
brightonbreezy wrote:
Ash,

Welcome, I'm sure some of my northern brothers will give you a run down on the cab economy in Bolton.

Best of luck.

Regards
BB


Many thanks BB :)

toots wrote:
Don't know about you're costings but Hi anyway. I think it is more sensible to hire a vehicle to start with to make sure you like it before you make any commitment to purchasing your own and Good Luck I hope it all goes well for you :D


Thanks Toots :)

You're not sure meaning I'm totally wrong or you're not sure because... erm, well, you don't drive a taxi or are a HC or something?

The insurance is based on someone else of 21 on this forum advising they got a quote for £2000 so I thought I'd be able to get similar, the radio quote is accurate, diesel and maintainance are best guesses.

As I say, show me the way haha!

/clueless.


I'm not sure because to be honest I didn't check it to see if you are right and everyone has different figures depends on circumstances. I am a driver for my sins in a former life and have been for some 8 years on PH. Diesel is reflective on how far you go which depends on how busy it etc. There are far more experienced people on here than me and I'm sure they'll get around to saying hi and commenting but probably not tonight cos they'll be working or drinking no doubt :lol:

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PostPosted: Sun Feb 08, 2009 12:40 am 
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Joined: Thu Mar 02, 2006 12:36 am
Posts: 550
Location: Plymouth
Quote:
This is monthly

Insurance - £180
Radio Hire - £368
Diesel - £275
Maintainance - £150 (MOT Fees, brake pads/tyres/filters etc etc

Total - £973.

In a dream world, I'd bring home £1000 before tax a month, that being the case I've worked out the following.

40 hours a week £11.54 per hour
50 hours a week £9.25 per hour
60 hours a week £7.69 per hour.


So you want to earn a grand and spend £973!!

Wish I could live on £27 a month. :shock:


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PostPosted: Sun Feb 08, 2009 1:11 am 
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Joined: Sat Feb 07, 2009 8:27 pm
Posts: 27
Darren63 wrote:
Quote:
This is monthly

Insurance - £180
Radio Hire - £368
Diesel - £275
Maintainance - £150 (MOT Fees, brake pads/tyres/filters etc etc

Total - £973.

In a dream world, I'd bring home £1000 before tax a month, that being the case I've worked out the following.

40 hours a week £11.54 per hour
50 hours a week £9.25 per hour
60 hours a week £7.69 per hour.


So you want to earn a grand and spend £973!!

Wish I could live on £27 a month. :shock:


Haha sorry, I should've been clearer. The hours rate is to bring home 2k a month leaving just over 1k before tax.

40 hours x £11.54 x 52 / 12 = £2000 per month and so on with the other hours.


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PostPosted: Sun Feb 08, 2009 4:32 am 
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Location: Wayneistan
brightonbreezy wrote:
Ash,

Welcome, I'm sure some of my northern brothers will give you a run down on the cab economy in Bolton.

Best of luck.

Regards
BB


I'm from the north and you aint my brother, but your heavy :lol:

CC

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PostPosted: Sun Feb 08, 2009 10:06 am 
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Joined: Sun Dec 04, 2005 4:00 pm
Posts: 837
Location: BRIGHTON & HOVE
Now, now Comrade Cab, out the closet!!!!! :lol:

Regards
BB

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Mick Hildreth (07814 032002)
GMB PDB P39 Southern Region Branch Secretary
mick.hildreth@gmbtaxis.org.uk
www.gmbpdb.org.uk


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PostPosted: Sun Feb 08, 2009 12:21 pm 
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Joined: Tue Apr 29, 2008 4:06 pm
Posts: 24391
Location: Twixt Heaven and Hell, but nearest Hell
brightonbreezy wrote:
Now, now Comrade Cab, out the closet!!!!! :lol:

Regards
BB


hello, and welcome to Narnia

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Of all the things ive lost, i miss my mind the most


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PostPosted: Sun Feb 08, 2009 12:38 pm 
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Location: BRIGHTON & HOVE
wannabeeahack wrote:
brightonbreezy wrote:
Now, now Comrade Cab, out the closet!!!!! :lol:

Regards
BB


hello, and welcome to Narnia


Lot worse places to be!! :lol:

Regards
BB

_________________
Mick Hildreth (07814 032002)
GMB PDB P39 Southern Region Branch Secretary
mick.hildreth@gmbtaxis.org.uk
www.gmbpdb.org.uk


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PostPosted: Sun Feb 08, 2009 12:43 pm 
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Location: Twixt Heaven and Hell, but nearest Hell
indeed, like Great Britain...

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PostPosted: Sun Feb 08, 2009 12:45 pm 
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Location: BRIGHTON & HOVE
wannabeeahack wrote:
indeed, like Great Britain...


You know what they say, 'If you don't like it, Change it!' :wink:

Regards
BB

_________________
Mick Hildreth (07814 032002)
GMB PDB P39 Southern Region Branch Secretary
mick.hildreth@gmbtaxis.org.uk
www.gmbpdb.org.uk


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