Generally, purchasing an ex-taxi can be beneficial for individuals who understand the associated risks and comprehend the vehicle's past. Some of those risks prospective buyers should take into account when considering an ex-taxi include the following:
- Typically these vehicles have more wear and tear due to excessive use; for example, interior seats may be worn, and fittings may be damaged.
- It's common for ex-taxis to have higher mileage for their age, increasing wear on components and leading to repair or replacement of parts.
- An ex-taxi may have been driven more aggressively than an alternative privately owned car
- Reselling may be more challenging if the vehicle shows excessive mileage and wear and tear, also impacting the resale value. In addition, some people could simply be put off because the car was previously used as a taxi.
- Some insurers may charge higher premiums for ex-taxi cars.