With many taxi-hailing apps coming up such as Uber, Bolt, and London Lady Chauffers, among others, more people are getting interested in the taxi business. It can be very lucrative, especially if you find yourself in a high traffic area. Being a taxi business, it goes without saying that you will need to get the right car. Not all vehicles make good taxis. You must go for one that has suitable features.
Features of a Good Taxi Vehicle
- Boot Space: If you are operating a taxi, you will get a lot of people who need to move with their luggage. It is much easier when you have the boot space where they can put their items without struggling.
- Low fuel consumption: For a business, you need to break even. If you buy a vehicle with high fuel consumption rate, you will be running losses. Even though progress on electric cars has not been as fast as was anticipated, you can also consider it as an option if you get any that are within your budget.
- Lower steps: Think of your taxi as a vehicle that people across different age groups will use. If it is too high, it might be a challenge for elderly people, children and those with health conditions. Always remember that a taxi business is much more than providing transport. There are a lot of customer care considerations that you must put into place.
- Passenger space: Imagine the frustration of a passenger when they get into your taxi after a long, tedious flight only to realise that they cannot stretch their legs because the space is too small. If you want to have repeat customers, you must make their comfort a priority.
Have a basic idea of who your target market is likely to be. If you are targeting affluent neighbourhoods, you may need a luxury car. Explore options of getting a car loan for your business if you do not have enough money.