These are the people advertising.

Work it the other way and calculate how many paid miles would you need to do to clear £500 a week profit.

Council will have details of meter rates, deduct personal tax and vehicle running costs.

e.g. If charge is £3 a mile, personal tax, NI at a third £1, vehicle costs £1 that leaves £1 a mile for you, so 500 paid miles a week to make your £500.

Edited by daveyjp on 06/05/2020 at 18:04

The nation is about to hit the buffers economically, nothing will be the same as it was before when people are released from house arrest, jobs by the hundreds of thousand will have vanished and due to the downward spiral hundreds of thousands more jobs will be shed over the coming months, the leisure industry in particular may never recover a sector in which taxis play a large role.

My advice for what its worth is to find a job in an industry that has to continue, ie part of the staple diet of the nation, HGV driving if you still do it in the can't-live-without food chain is among the most secure employment out there.

Edited by gordonbennet on 06/05/2020 at 21:02

I know some drivers and they say it's possible to earn a reasonable living, but one has to do the hours and particularly unsocial hours (clubs, pubs, etc).

They also advise one has to get the right kind of car and look after it. That includes driving with mechanical sympathy as well sticking to the servicing schedule.

Another factor is insurance. Taxi insurance is way higher than a normal driver's.

A way to minimise your capital costs would be to car share. So, you run the car for 7-8 hours from early morning and your sharing partner another 7-8 hours from late afternoon. Whilst wear n tear will increase, its unlikely to double proportionately.