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> - The price of a taxi license is quite expensive (150,000+€ in Madrid), however a VTC license (private transport license) is way cheaper. Am I reading this r
by chosenbreed37 8y ago
> - The price of a taxi license is quite expensive (150,000+€ in Madrid), however a VTC license (private transport license) is way cheaper.
Am I reading this right? 150,000 euros for the privilege of driving a taxi?
- RandomNewGuy 8y agoYes and no. AFAIK, licences are limited and no way near that price. When a taxi driver retires, he "resells" the license to another colleague for a huge amount (150k+). The buyer buys it knowing he'll be able to resell the license when he retires too, and so on. This practice has been going on for years, so now taxi drivers are afraid of losing the status quo because they've paid an overpriced license.
- m0skit0 8y agoYes. Government does not issue more taxi licenses, so the only way to get one is to buy it from someone else. The price is set by the market. A taxi driver can easily make 2,500€/month in Madrid, especially if he/she hires another driver/s to drive the taxi when the main driver is resting.