Bless me Blog, for I have sinned.
Its been four weeks since my last confession.
I still love it. I said when I started I would probably buy a cab if I still liked it by this summer. We are screeching toward the first day of summer, and I think I have decided to take the plunge.
I'm buying a Medallion. OK, hey do not have Medallions in this town, but it is a pretty famous system of cab ownership. I ran my numbers and including taxes, insurance, permits and fees, I will save about $1000 a month in expenses. I can spend that $1000 a month on maintenance or car financing, and still largely come out ahead.
I will truly be my own boss. I may switch alegience to another company. There is an Owner-operator company that has fees that are half the rate of the company I am currently with. What will affect my decion is how much does the radio dispatch affect my bottom line. If it is the difference between this company and company b, then I am indifferent. If it is more than I should stay, less I shoudl leave. The other company does not have much number recognition in the cab calling public. But well over three quarters of my income comes from "signal tens" and cruising. Signal 10s are calls that come to me directly via my cell phone. I did talk to a driver for the other company, and found the radio is not a complete empty nest.
What car? I am trying to decide if I want a plain car or one that will stand out. I will be hard on it, it will be a working vehicle. I like having a van, but it would be nice to have a good cruiser too. I've noticed in the owner operator company, drivers are more apt to get somethign they want. One guy even drives an SUV. I have even toyed with the idea of a genuine London Cab.
Monday, July 11, 2005
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