Things to Consider When Buying a Car as a Taxi Owner Driver

If you work as an owner driver taxi then making sure you invest in the right car is vital. There are many things to consider when purchasing a new car for your business. Below are some of the most important.

Fuel costs

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Since you spend all day (or night) on the roads, fuel costs are obviously a primary concern. Cars with smaller engines are cheaper to run but you want to ensure there’s enough room for passengers and that you’re happy with how the car drives too so you have to strike the right balance between economy and comfort. www.petrolprices.com is a great site for finding out about fuel costs for different types of cars as well as more general information about why fuel costs what it does.

Reliability

Reliability is of course important when you rely on your car to make a living. The last thing you want when you’re in the middle of a shift is for your car to break down. There are many excellent cars on the market that are known for their reliability. Generally German and Japanese models are very reliable, as are cars made by Ford.

Insurance

Insurance is another thing that you need to think about as an owner driver. Sites such as Multiquote Taxi Insurance

Some of the factors that affect the cost of taxi insurance are –

  • Your age – Age is always a big factor that affects cost when it comes to taxi insurance (or vehicle insurance generally) simply because younger drivers are more stastically likely to be involved in an accident. Providing you’re over the age of 25 though, your age shouldn’t make your insurance prohibitively expensive. 
  • Your driving experience – Your driving experience will of course affect the amount you pay for insurance too. If you have a lot of driving experience, and particularly as a taxi driver then you can expect to pay less, especially if you have little-to-no claims and a clean licence. 
  • The value of your vehicle – The value of your vehicle is another crucial factor that impacts the price of taxi insurance. While the thought of driving a luxury vehicle can seem appealing, it will cost a lot more to insure so this is something you have to consider.

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