Rent a cab, what's not to like?

[silverbullet]

The Mrs. got a cab home last night from a nice gentleman who is three weeks driving.

The nice man pays €85.00 to rent the App.

The nice man pays 23% commission.

The nice man pays €3,500 per annum for insurance.

The nice man pays €2.00 per account job.

The nice man is fed two country runs in a three-week period.

The nice man also pays rent for the car he's driving but didn't mention the monthly rate.

The nice man pays for all the fuel he uses.

The nice man didn't mention if he paid for the uniform, or if he's paid to advertise the company that's fleecing him.

After all that, whatever he has left in his pocket (if anything), is his.

It rhymes with Exploitink.

Or you could drive a bus...

[silverbullet]

The Mrs. got a cab home last night from a nice gentleman who is three weeks driving.

The nice man pays €85.00 to rent the App.

The nice man pays 23% commission.

The nice man pays €3,500 per annum for insurance.

The nice man pays €2.00 per account job.

The nice man is fed two country runs in a three-week period.

The nice man also pays rent for the car he's driving but didn't mention the monthly rate.

The nice man pays for all the fuel he uses.

The nice man didn't mention if he paid for the uniform, or if he's paid to advertise the company that's fleecing him.

After all that, whatever he has left in his pocket (if anything), is his.

It rhymes with Exploitink.

Or you could drive a bus...

Ask me mebs:
https://www.lynk.ie/blog-drivers/taxi-app-commission/

[Rat Catcher]

At least €2,000/year savings there but I'd say drivers who work for Free Now would take more than €1,250 for a 40 hour week. I wonder if they do a part-time deal excluding weekends... must check it out, thanks SB.

[silverbullet]

At least €2,000/year savings there but I'd say drivers who work for Free Now would take more than €1,250 for a 40 hour week. I wonder if they do a part-time deal excluding weekends... must check it out, thanks SB.

Commission AND freight? I thought that had gone away. Miraculously, you'll get at least two country runs from the "automated" system. Probably from the man personally. Bring the base staff home for free and you'll never know what might end up on your screen.

[Belker]

As most of us on here are old'ish owner/drivers who get to pick and choose when and how we work, we really should be thanking our Lucky Stars !

I was prob one of the last in the door on the old easy system. 2009 passed the then simple taxi exam, 16 months later bought me own Saloon Joe and 2nd hand plate (with a 15 year license) and also got my private insurance NCB transferred in full on to my new Taxi insurance. All of the above have now been closed off.

[Rat Catcher]

It's a significant saving for those of us that work for Free Now all the same, definitely worthy of further investigation. Zero commission on cash work is an obvious plus. Our local firm in the beautiful seaside resort town of Balbriggan is part of Lynk now, that'd be c.94.27% cash.... but it may be a "bureau" arrangement in which case that work would only go to the general fleet when there's no local drivers available. I must make enquiries.

[Billy boy]

Cab2k looks like its even better value.€79 a week plus 12.5 % commission on account jobs. You get to keep the €2 plck up on all jobs.  Mostly cash job with no commission.

[Rat Catcher]

I remember when €80 got you as much work as you wanted commission free with C2K... and we even got the PUC at the depot until that driver shared his thoughts at that meeting. Anywaysanall, in my (extrapolated) experience, you won't get much change from a €300 note for a 40 hour week working for Free Now up above in Dublin.... and that's without touching any DAP, pub, hotel, hospitality jobs and only working a quarter of the county excluding the city centre and without working past midnight. I dread to think what drivers who seek to maximise takings and/or work through the night are handing over.

[Rat Catcher]

I also find working for Free Now you're paying Sumup commission on top of Free Now commission on most "non app payment" jobs these days.

[silverbullet]

Sheep were born to be sheared.

Let's know how you get on with Lymp.

You're an abacus man, how much of the 1200 turnover is the gull left with after paying Lymp overheads in an average 40-hour week?

Take into account that rent is on average €250.00 per week, with insurance €360.00.

A simple number will suffice.

[Rat Catcher]

They obviously get what they want/need or they wouldn't be doing it. I guess a lot are on BTWEA with rent paid by the State and whatever other welfare / business support grants are available.

The €1,250 obviously refers to 40 hours on day shifts so they have the option to work less social and/or longer hours to earn significantly more. In any event they are likely to earn €50/week (or €2,000/year) more working for Lynk than working for Free Now.... and, as Billy suggests, would earn even more working for C2K. As you say, sheep were born to be sheared.

[silverbullet]

They obviously get what they want/need or they wouldn't be doing it. I guess a lot are on BTWEA with rent paid by the State and whatever other welfare / business support grants are available.

The €1,250 obviously refers to 40 hours on day shifts so they have the option to work less social and/or longer hours to earn significantly more. In any event they are likely to earn €50/week (or €2,000/year) more working for Lynk than working for Free Now.... and, as Billy suggests, would earn even more working for C2K. As you say, sheep were born to be sheared.

€1200 gross less 23% discount on 95.37% of Lymp's work, because they got very little cash back in the 90s, less now I'd guess.  Less €360 nett rental, less €150/€250 fuel, not including lunch and sundries.
As you said, Mehhhh!

[Rat Catcher]

I doubt there's much, if any, discounting in the current economic climate. The figure given by Lynk is a somewhat conservative €1,250 so I'm not sure where the €1,200 came from. Based on my 2021 figures a diesel spend of €250 would equate to takings of c.€1,700. I guess the extra €500 covers the rental/insurance costs. In any event the difference between renting and owning a cab isn't huge by any means. Even if we said it costs renters €200/week more than owners we're talking about 3-6 hours/week extra work depending on shift times desired. Half the lads on here (myself included) would struggle to do a 20 hour week and seem happy enough with what they get.

If you don't mind my saying so you seem to spend a lot of time calculating how well or otherwise drivers who choose to follow different methodologies to you are performing which comes across as a somewhat pityful desire to convince yourself that you're doing the right thing or making the right decisions. Can you think of any reason you might need such reassurance?

[silverbullet]

I doubt there's much, if any, discounting in the current economic climate. The figure given by Lynk is a somewhat conservative €1,250 so I'm not sure where the €1,200 came from. Based on my 2021 figures a diesel spend of €250 would equate to takings of c.€1,700. I guess the extra €500 covers the rental/insurance costs. In any event the difference between renting and owning a cab isn't huge by any means. Even if we said it costs renters €200/week more than owners we're talking about 3-6 hours/week extra work depending on shift times desired. Half the lads on here (myself included) would struggle to do a 20 hour week and seem happy enough with what they get.

If you don't mind my saying so you seem to spend a lot of time calculating how well or otherwise drivers who choose to follow different methodologies to you are performing which comes across as a somewhat pityful desire to convince yourself that you're doing the right thing or making the right decisions. Can you think of any reason you might need such reassurance?

Ah sure let them at it. While they're racing after Ebbs account work -23% commission, they're leaving the street work to the rest of us. I wouldn't be a fan.

[vandriver]

As I leave my Caddy in for a new Nox sensor tomorrow (€500+), I look back fondly on the days when €180 a week was the whole outlay possible .
You can't knock renting for the certainty it gives.