What To Consider When You Want To Buy A Taxi If you want to buy a taxi, you need to plan ahead so that you will be prepared when the time to purchase comes. Buying a taxi can be expensive and thus it is important to avoid making rush decisions. Below are two things you should consider to get an affordable taxi: 1. What is your budget? Determine the amount that you can set aside for the car. If you will be financing your purchase, make sure you include all ownership costs. A general rule of thumb is that the monthly expenditure of the taxi should not exceed 20 percent of your gross monthly income. However, you may be able to afford more or less based on different factors. Some car models cost more than others. Therefore, you might want to research first to know which models can fit your budget. Many websites have online calculators that you can use to find the estimate amount of loan that you can afford to borrow. Keep in mind that the loan should be inclusive of the monthly installments, repair and maintenance, gas and insurance payments. 2. Narrow on your car choices Do research on the types of taxis that you are interested in. The best way to get accurate information is to look for specifications of the cars at the manufacturers' websites. Some third-party information sites also compare different taxis and can speed up your research. When researching, consider the features and prices of the cars. In the end, you should have at least two vehicles that you can buy. When you head over to the dealership and find your first-choice car model is not available, you can opt for your plan B car. You should research well to get the right taxi. Make sure the car that you choose is allowed to be used for taxi services in your municipality.