What will u do ?
Like what kind of taxi u intend to bring in and amount and pricing , and benefits for drivers , and the kind of taxi fare ?
if i am setting up .....
I will still opt for a CNG cars .
I will rent out $75 per day
Price flag down $3 .
Peak hour just 20% .
10% if beyond 10km .
20% if below 10km .
with every $75 , they pay me .
I will take $3 out each day out of my own pocket , to buy a set of personal insurance for the hirer . Under his name , beneficial for his immediate family . $90 per mth .
As long as the hirer remains with me , they will get this insurance from me .
Even if they resign from me , they can chose to continue this policy .
No other benefit . No free rental , free CNG or rebates .
The best part is : At the end of the insurance , policy mature liao 55-yrs-old .... money like $30,000 will go back to my hirers . Not me .
Like some sort of accident policy , or retirement policy , or family orientated policy .
I am so sure Insurance company will welcome my proposal .
Just say , money secondary for my business , family comes first .
Of course my hirers must understand , in order to make this work , their discipline must be there , like punctuality of rental payment .
Hey bro , 30K accident claimed is another issue , now i am talking about you rent my taxi , pay up your rental fee in time , upon resignation , u continue the premium , by age 55 , u can get a lump sum , say $25,000 return for 15 years , upon maturity , how about that ?
say like you are 35 , u join me , i sign you up a policy , under your name , i pay for you , until u resign , term like 15 years , by 50 , u'll get $25,000 if we or urself continue the premium of like $90 a mth .
Now currently , no taxi company would assure cabbies a retirement benefit , so , something like , u drive until die , no money .
Now with my plan , u drive for my taxi company , u'll get yourself a lump sum when u retire .
I am surprised no insurance company approach taxi company for that kind of package .
Just like CPF , we work , we are force to contribute , until we retire , we'll get a lump sum when 55 .
Accident claim is accident claim , u accident , accident injured or died liao then can claim , your family only get $30,000 . No die u resign or retire liao lan lan , no money .
KNN ur life worth $30,000 ?
Now it's about u pay taxi rental of $75 , daily i deduct my $3 profit from the rental , and invest a personal insurance for you .
U are force by me to invest on an insurance for you , but in return , u'll get the dividend or matruity they called it, not me .
Sorry , i am not an insurance salesman , just that i had purchase a set of insurance , when i am old , i am safe , a cool $55,000 .
Plus my CPF ....
I thought Prime should have use this method to get sign-up , not the word guarantee bonuses .
I will have a fleet of Diesel Powered Toyota Altis cabs,all auto.rental at $90 nett
Benefits: 2 free days/mth & 50% off rental on every sunday & PH(for omo only)
all these provided no outstanding end of the month
this worked out to be $78 nett for omo & $84 for shift drivers.
I will encourage omo for my fleet so mileage will not be super high for my fleet.
Maybe will not touch cng at the moment cos Transcab too strong to compete liao
TransCab is not strong with their CNG cars , it's their that $716 .
U take out this $716 , see what happen ?
Is LTA issuing any more yellow top taxis license.
How do one go abt applying for one...Poolman can advice...
Yellow Top Cab soon becoming our Singapore History liao ....
All thanks to our PAP garmen lor ....
They want to monopolise the taxi industry ma .....
But the PAP now forgotten when drink water , forgotten about the source .
Money making is what they all wanted ....
First they come with Comfort ... CityCab ..SMRT etc ...
Now they are like shit , ComfortDelgro , SMRT cannot survive it !
Esp SMRT .... make money on MRT , lose millions each month on taxis .
ComfortDelgro also , make money from taxis , covered the ass for NEL and buses .
Now the current Yellow Top owner , once they hit 70 years old , have to return those licenses .....
One by one , when they get old , license gone , taxi also gone .
It's the bank & Finance Conmpanies who created all this ...
When Yellow Top need a loan , usually the finance company bore the guarantee .
But those Yellow Top owner also problem , gambling la , loan shark la , default payment their vehicle kena possessed by Finance Companies , or worst , loan shark possessed their vehicles , and used the vehicles to commit crimes ...
But once possess the vehicle , the Finance Companies can really can do anything to that old diesel taxi , auctions ? Resale ?
So they lose money ....
From there , the garmen intervene .... Garmen always protecting the bank interest , in order to attract more Financial Institution to invest in Sgp , as a Financial Hub that time .
Those Yellow Top Cabby also attitude problems , gave LTA lots of Customer Service problems .....
Complaint la , over charge la , commit smugglings la ......
LTA can really do nothing ?
Guntong their license , ok lor .... they rent out ! LTA cannot possessed anything . They rent out lagi more lucrative .
Conclusion : Stop issuing those license !
The main thing was that Loan Sharks at Geylang area has started to abuse the yellow top taxis , to do illegal activites , like smugglings , like drug traffickings , transport illegal cigarettes , transport illegal prostitudes etc ....... all after the vehcile was possessed by Loan Sharks .
Some even went into extend to rent out their taxis for a profit to the syndicate .
And via this syndicate , the loan sharks wash their money ...... from dark to white money , thru the taxi channels , how ? I dunno , they have their ways .
Such syndicate still exists .... those kisoks at AMK and Haig Road ...... this time they went into proper channel , still almost same concept , buy cheap rent high .
This is why they can rent out the taxis without you putting any security deposit .
Those syndicate fork out their own money for you , those dirty money ..... and when u resign , they took back the money , this time is clean !!!!
Making use of your name , u sign , right ?
And this is a big business for them .
But soon ..... Singapore will be like Japan . When every cabby owns their own Taxi .
if u are good enough to finance it , by all means , go ahead .
The day will come .
Of course ..... there will be new sets of rules and regulations that need to follow .... all that has to wait til this existing old yellow top total wept out .
But the Garmen also worry with this new taxi ownership scheme start , people like ALN and me will resign from our day job and go on to drive a taxi FT , and that will hurt the economy .
Who would want to work as Sales Repre ??? When drive a taxi is far too good ?
Originally posted by Poolman:But the Garmen also worry with this new taxi ownership scheme start , people like ALN and me will resign from our day job and go on to drive a taxi FT , and that will hurt the economy .
Who would want to work as Sales Repre ??? When drive a taxi is far too good ?
if got ownership scheme shiok. no need to pay $100+ everday to the leeches. but maintenance siong. insurance oso problem. 2 times accident nobody wants to insure you. but when order taxi time shiok, go to borneo motors order new wish, i pay cash upfront, no need loan. just to see the look on the salesperson's face. pengz.