This kind of business is one of the easiest to setup. You only need to (1) purchase the vehicle, (2) register, and (3) get a franchise from LTFRB, and you’re off. You can also (4) apply for “drivers and operators association” membership. Well, the purchasing part isn’t that easy though, because you have to contemplate on whether buying a second hand is practical thing than brand new. Let me give you some idea so you can weigh the pros and cons.
Second hand
Pros:
- It’s a lot cheaper
- You can even get a free line franchise on the package price
- If you’re lucky, you can get the new registration and insurance for free.
- Negotiable – you can haggle with the vendor on the lowest possible price.
- Hey, why not include that nice stereo in the package?!
Cons:
- Some parts needs to be fixed or changed before you can use it
- Operation maintenance is high
- Depreciation cost is high
- Will only be operational for a few more years.
Brand new
Pros:
- Sparkingly beautiful and smells fresh!
- Almost maintenance free for at least 2 years.
- Depreciation cost is low.
- Will still be in top shape (with good maintenance) for the next 6 years.
Cons:
- Expensive
- Additional cost for registration and insurance.
- Additional cost for franchise application at LTFRB.
- Additional cost for taxi meter.
- Additional cost for association memberships (TODA, PISTON, etc.).
- Prone to carnappers.
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. More advice from Reyna Elena.
How much money you have to invest?
Tricycle
Brand new: P60-80K (including sidecar)
2nd hand: P30-40K
Franchise: P3K (issued by local gov.)
Boundary: P120-150/day
Jeepney
Brand new: P300-350K
2nd hand: P100-150K
Franchise: P30K
Boundary: P600-800/day
FX (generic name for SUVs) Taxi
Brand new: P600-800K
2nd hand: P250-300K
Franchise: P50K
Boundary: P 1500-1800/day
Taxi
Brand new: P500-600K
2nd hand: P250-300K
Franchise: P30K
Boundary: P 1200-1500/day
Please note that the amounts and figures stated above are rough estimates only and does not reflect the actual amount which varies from different locations nationwide.
Tricycle Dealers
Suzuki Motors
Telephone Number: (632) 671-9722 to 28
Fax Number: (632) 671-3857
Email: suzphil@suzuki.com.ph
Honda Motors
Telephone Number (632) 8238001
Fax Number:
(632) 8385356
(632) 8238682
Email: webmaster@hondaph.com
Yamaha Motors
Tel: (63) 49-541-2890
Fax: (63) 49-541-2889
Jeepney Manufacturer
Sarao Motors
Pulang Lupa 1700 Las Pinas
Tel: 8067598
Tolentino Motors Corp.
CAA Road 1700 Las Pinas
Tel: 5664523; 8050922
Fax: 8050922
Binan Motors
55 A Roces Sr Avenue
1100 Quezon City
Tel: 3723116
Taxi & FX Dealers
Nissan Motors
Tel: 049-541-2201 to 19
Email: info@ns.nissan.com.ph
Mitsubishi Motors
Email Sales: d-calma@mitsubishi-motors.com.ph
Email Parts: j-nera@mitsubishi-motors.com.ph
Kia Motors
Trunk Line Number: (+632) 823-2331
how much do you have to save for the maintenance cost if you buy a brand new one’s?
pwede po down 1/2 ng new tricycle. magkano po monhly for 6 months.
thanks
Hello
po… Tanong ko po sana san puede kumuha ng jeep na hulugan yung mga patok po na jeepney magkano po kaya ang downpayment at linya? O kaya namn po fx na hlugan din…thanks po and more power.
Mabuhay po..
saan at sino po ba ang pwedeng kontakin para makpg simula ng ganitong pangkabuhayan ?
ano po ba ang precedure at requiremnents para mkpg avail ng isang kahit used SUV’S FX TAXI ? paki email or reply na lang po ako gilane1522@yahoo.com
salamat po,
ask ko lang po magkanu sainyo ang brandnew tricycle?
sir ask lang po if meron po avail na line sta.maria bulacan via malinta at magkano po……at yung kasama second hand na jeep 4bc2 po or 4bc1
matatanong lang magkano ang douwnpayment sa hulog bouwndary nyong taxi
magtatanong lang me kung magkano ang downpayment sa boundary hulog paqyment na taxi
This is very infiormative. Thank you! :)
asked ko lang magkano po ung brandnew n for taxi with line ung pinaka cheapest kindly sent me the in my email thanks
SIR, MADAM
Gusto ko malaman kung may hulugan ba na second hand fx taxi with line beyahing sm fairview to quiapo. please let me know ASAP this is my email tanelonjoseph@yahoo.com
Interested po akong bumili ng jeep or taxi. Magtatanong lang po ako kung meron hulugan for 2 yrs, kung wala, magkano po sa cash? Salamat