Why are taxies so much?

Question

Why are taxies so much?

Answer 1

Some cabs are owned/leased by the drivers, others are owned by the cab company and drivers receive a commission.

Either way, the cost of operating a car is high, especially a cab. Thousands of miles are put on them yearly, most of it stop-and-go city driving. Many of those miles are "dead" miles, meaning no paying passenger is in the cab.

You have to consider the price of gas, oil, routine maintenance, repairs, insurance, and depreciation. In addition, the company and driver must make a profit. Someone has to cover the cost.

You are right - cabs aren't cheap. If they were, cab companies couldn't stay in business.

Answer 2

gas is expensive and cars aren't cheap

Answer 3

How funny. I was just wondering myself how they can make any money charging as little as they do. It seems like they're giving the rides away for free!

Answer 4

Don't know where you live. In my state and neighboring states I've travelled to, the driver has to buy the vehicle, pay for the paint job or decals, maintain it, insure it, pay for the fuel to operate it, the installation and calibration of the meter equipment, and make a reasonable profit.

If a cabbie spends $20,000 on a base sedan, financed over five years, the depreciation of being used for commercial service makes him/her upside down on the loan to buy the car in just a few months of service.

Prices are usually set by the cities in which the cabs are allowed to operate. A tip is optional, depending on service.

Considering the investment, the prices paid, and a decent return with profit on the investment and skills it gets a little pricey.

Since the rates are usually posted on the door, knowing where you're going and what it shoud cost is a good idea before you take a cab.

D

Answer 5

Because there are people who need it, so there are taxi drivers who own a taxi, and collectively there are tooooooooo many taxis!

Answer 6

Because you're paying for the running of the vehicle, the drivers wages, including the time he is waiting in between fares.

The rates might be set by the local council, in which case the driver/taxi firm might have no say over the amount.

Answer 7

Due to gas prices going up, every taxis are getting more expensive.

In NYC, initial change increase from $2 to $2.50.

Weekday surcharge was introduce with $1.

20 cent increase to 40 cent for two minutes stopped or slow traffic.

Flat late between JFK Airport and anywhere in Manhattan now cost $45 each way. It used to be around $36 one way, $45 toward airport I think.

Answer 8

its where you live