Vehicle Investment : One of the easiest business to setup

How it will Cost?

Jeepney
Brand new: P300-350K
2nd hand: P100-150K
Franchise: P30K
Boundary: P600-800/day

Tricycle
Brand new: P60-80K (including sidecar)
2nd hand: P30-40K
Franchise: P3K (issued by local gov.)
Boundary: P120-150/day

Taxi
Brand new: P500-600K
2nd hand: P250-300K
Franchise: P30K
Boundary: P 1200-1500/day

 FX (generic name for SUVs) Taxi
Brand new: P600-800K
2nd hand: P250-300K
Franchise: P50K
Boundary: P 1500-1800/day

You only need to purchase the vehicle, register and get a franchise from LTFRB, and you're off. To give you an idea when you purchase a second hand type:

Second hand

LIKE:
1. It's a lot cheaper
2. You can even get a free line franchise on the package price
3. If you're lucky, you can get the new registration and insurance for free.
4. Negotiable - you can haggle with the vendor on the lowest possible price.
5. Hey, why not include that nice stereo in the package?!

UNLIKE:
1. Some parts needs to be fixed or changed before you can use it
2. Operation maintenance is high
3. Depreciation cost is high
4. Will only be operational for a few more years.

Brand new

LIKE:
1. Sparkingly beautiful and smells fresh!
2. Almost maintenance free for at least 2 years.
3. Depreciation cost is low.
5. Will still be in top shape (with good maintenance) for the next 6 years.

UNLIKE:
1. Expensive
2. Additional cost for registration and insurance.
2. Additional cost for franchise application at LTFRB.
4. Additional cost for taxi meter.
3. Additional cost for association memberships (TODA, PISTON, etc.).
5. Prone to carnappers.

Ratings:

Recommendations:

1.It is always a good idea to drive the vehicle yourself for maximum ROI.
   If you don't know how to drive, look for a trusted driver.

2. Good also for Family service vehicle if you have another business.

3. Can use for Children school service.

4. If you have plan to have a Auto repair Shop. A big savings.

Care to share this to all of your friends.