How Much Does a Taxi Medallion Cost?

How much does a taxi medallion cost in New York or other cities?

Liked this question? Tell your friends about it

Answers

In New York there are two types of taxi medallions - Corporate and Individual.  Corporate medallions can be leased without restriction, whereas Individual medallions must be driven a minimum number of shifts by the owner before being leased to others.  As of March, 2010, average prices for New York Corporate taxi medallions were $781,000 and average prices for New York Individual medallions were $589,000.  In Chicago a taxi medallion will cost about $185,000 and in Boston about $385,000.  There are currently some 13,237 taxi medallions outstanding in New York (cumulative for both types).  Taxi medallions can often be financed by debt, with the medallion put up as collateral.  A great resource to learn more about taxi medallions and their prices in New York, Chicago and Boston (or in general) is a website called FareInvestor.

Related Questions

Other people asked questions on similar topics, check out the answers they received:

Asked: What is a reasonable % finders fees for Investment ...

What is a reasonable % finders fees for Investment money for $1 million to 10 million

Asked: Singapore investment options?

Is mutual fund a good source of investment for Singaporeans?

Asked: Want to know about equities investment.

Are there any types of equities investment?

More Questions

Looking for the cheapest cost of adderall(generic) 30 mg quanity 90

Ronthekanuk Ronthekanuk Answered: You are wasting your time asking that question here.. I just typed (what is "pig iron") in my yahoo browser and this was the reply.. http://search.yahoo.com/search;_ylt=AlghJG6_zgar77MWiNHmuiybvZx4?fp_ip=ca&p=what+is+%22pig+iron%22&toggle=1&cop=mss&ei=UTF-8&fr=fp ...

Why does the taxi driver who nearly runs over James T. Kirk on Star Trek

Oh, is that him? I thought that was a picture of your father's dirty behind. No wonder you're scared shitless, Bidet Boy.