>million dollar medallions As far as I understand, the only thing that medallions offer as an advantage in New York City (where they cost a million dollars) is

>million dollar medallions As far as I understand, the only thing that medallions offer as an advantage in New York City (where they cost a million dollars) is the ability to pick up people who hail a cab off the street. Other car services exist for prearranged rides, and are called car services, not taxis.