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I think the big advantage with Uber is you don't have to shell out for a Medallion. I know they used to go for upwards of $1M but now I heard they can be had fo
by _fat_santa 5y ago
I think the big advantage with Uber is you don't have to shell out for a Medallion. I know they used to go for upwards of $1M but now I heard they can be had for $150k - 300k, much cheaper than the previous $1M but that's still an overhead you wouldn't have with Uber.
- smeyer 5y agoYes, I understand that. But my point was that in many cities you need neither a hackney license (i.e. a medallion) nor a livery license, whereas in New York you need a livery license. Livery licenses are much cheaper to acquire than a medallion, but they still raise the barrier to entry more than in other major cities, so I suspect that would be relevant for pricing.