Owning a Vehicle Vs. Using a Private Taxi Service: Which is Better?

Elroy Mariano

There is a fresh debate about the use of private taxi service and ownership of a car. The debate is further emboldened by the arrival of ride-hailing services such as Uber and the like. Responding to the debate, opinions of car users and vehicle lovers shared on reviewsbird.co.uk are divergent. […]

There is a fresh debate about the use of private taxi service and ownership of a car. The debate is further emboldened by the arrival of ride-hailing services such as Uber and the like.

Responding to the debate, opinions of car users and vehicle lovers shared on reviewsbird.co.uk are divergent. They judge based on certain factors that include cost, car companies, purpose, and convenience. To solve the puzzle about which one is better, here is versus/assessment we came up with.

Cost: Car Ownership VS. Taxi Service

As of 2020, the average cost of owning and running a car in the UK is put at over £3,000. This sum includes the purchasing price, expenses on petrol and diesel which gulp about £904 a year, mandatory motor insurance which sums up to £470 a year, repairs and services which is about £279 a year, and additional £279 a year spent on other expenses such as parking fees, road tax, car fines, and so on. Everything including garage rent, car washing, and cleaning materials total over £3,000. Each cost must be duly noted by anyone aiming to own and run a car.

But if you are to use a private taxi service instead of own a car, the cost is not up to that in a year. Coventry is claimed to be the most expensive city in the UK to hail a cab. The figure is put at £3.11 per mile. Other things being equal, let’s say a trip is made back and forth for an entire year this way, the expense amounts to over £2,000. Thus, there is only just a slight difference between using a private taxi service and running your car.

Effectiveness: Car Ownership VS Taxi Service

There are benefits to owning your car and they include independence. You can drive miles without being dictated to by either price or cost which is common to private taxi service. Another thing is it is convenient and saves time. This, however, means you would spend much on maintenance and depreciation to keep your car in check.

Private taxi service is more rewarding when you are in sudden need of a car. Instead of chasing down a car, it is more convenient if you can order for one through your smartphone. You are guaranteed professional drivers and their pricing is very competitive. But there are concerns about safety, price, and disappointments. Drivers might prove mischievous and underhanded, causing a lot of distrust in the effectiveness of the service.

The Verdict: Car Ownership VS. Taxi Service

At last, having compared and assessed the difference and similarities between owning a vehicle and using a private taxi service, we are able to arrive at this verdict.

Using cost as a metric, private taxi service proves to be more economical than vehicle ownership but only slightly. In terms of convenience and effectiveness, vehicle ownership wins. And in terms of safety and independence, vehicle ownership still is the real deal. Overall, we recommend vehicle ownership over using a private taxi service.

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