If you’re looking to buy a taxi, an important question you need to ask is ‘new or used’? Some local authorities insist their taxi drivers own a new vehicle, so it’s worth doing your homework first. However, if these restrictions don’t affect you, here are some points to consider when weighing up the advantages of buying a brand new or pre-loved vehicle.
Advantages of buying a new taxi
- Make it yours – If you want to make your taxi your very own, buying new can be the best way to do it. You can choose the spec, extra gadgets and even the colour that best suits you, and why not? Your car is your office after all.
- Extra safety – New models come equipped with the most up-to-date safety equipment to give you peace of mind on the roads.
- Enhanced reliability – A new taxi is less likely to break down but if there was a fault, your new car will be under a manufacturer’s guarantee. Some manufacturers offer warranties of up to seven years.
- Cheaper running costs – The latest models can often offer greater fuel efficiency to help keep your long-term running costs down, or lower emissions, which can mean reduced rates of road tax.
Disadvantages of buying a new taxi
- More expensive – New cars are said to start losing value as soon as they leave the showroom, and it can be disheartening to shell out a lot of money for something that starts depreciating in value straightaway.
- Lots of older cars to choose from – There are great deals to be had on used cars. It doesn’t have to be a car that’s 10-15 years old – far from it! Choose from an abundance of cars that are just a few years old, and feature all the latest tech.
- Decreased value – As mentioned, new cars have a higher rate of depreciation, and an older vehicle is more likely to retain its value.
- High-quality used cars – Don’t assume that a new car = higher quality: There are lots of high quality used vehicles for sale, some still under warranty. Do your research and you could bag a bargain.