Taxis Cost $760,000? Yes.

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From Gothamist.com: “Best Tip For Your Cabbie? Save Up & Buy A Taxi Medallion”

I’ve always been fascinated with taxi drivers who OWN their own cars (because most drivers lease at a steep charge everyday.)  But it’s not the car itself that’s valuable (mostly Ford Crown Victorias), it’s the medallion stabbed crookedly to the hood that is the money maker.  At $760,000, a medallion is worth nearly 180% more than it was less than a decade ago. Amaaazing.

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One response

  1. I really like and appreciate your blog article. Awesome.

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