Taxi driving is dying lah..u make enough for day to day and have nothing for saving.
The high rental kill profit and pax are getting lesser.
Let say u collect $300 omo. $133 for rental and $30 for fuel..less erp of say $10. Ur cost is $173. U are left with $127 at the end of the day.
U take 4 days off a month..that will cost you $532.
133 x 28 = $3724 rental
30 x 24 = $720
10 x 24 = $240
Total cost = $4684
U collect 300$/day
300 x 24 = $7200
$7200 - 4684 = $2516 - 532 = $1984
$1984 for one mth..each day 12 hrs on the Rd..is that a lot?
That assuming u can hit $300/day.
There are drivers who can hit $200 - $250 in 6 hrs..but that is a minority in a sea of taxi driver.
Taxi driving are low income job.
No stress? Everyday, you started off in debt and spend the next 6hrs trying to clear it.
The best earning veh are the 80$/day veh..those are already in their 7 and 8 yrs, going to be phased out.
The next cheapest will be prime premio at $103 but that is a petrol veh..at current petrol cost, ur 400km per day will cost you $40 fuel assuming u avg 10km/l of petrol.
To all up and coming taxi driver..beside cdg, there are other taxi coy worth a look.
If really want to drive, drive black or white..less trip, less hr, mostly better class of pax, better earning. Black also want to no more leow btw.
Morning peak hr, you can hit $30/hr, sometime more if you are lucky but once peak is over at 0930 or should I say erp is over, there will be jam jam jam..frm the time 0930 to 1030, you might collect as low as $15/hr despite many pax around..thereafter, your collection will avg around $20/hr, peaking out at around $25/hr till about 5 - 6pm..less demand for cab around 8 - 9pm..crazy for the next 1.5hrs then is fight for pax again.
Premier taxi call booking fee is crazy at peak hr..$4.5booking, cbd $3. Start meter $12 within cbd at evening peak hr.