Price Increases on Taxi Plates
With the passing years, plate prices, especially in Istanbul, have risen to record levels, causing many people to buy commercial taxi plates even if they don't want to do business as a taxi driver. As the demand for plates continues to rise, taxi plate prices in Istanbul have surpassed the 1 million lira limit as of today, and this figure is expected to rise further in 2014. If you want to invest in a taxi plate but don't know how to buy one, all you need to do is follow our article.
What to Consider When Buying a Taxi Plate
The easiest way to buy a taxi plate is to take over a sold plate. For this, it is sufficient to follow the for-sale plate advertisements. For-sale taxi plate advertisements can sometimes be for a full share, and at the same time, half-share and quarter-share plate advertisements are also given. Thus, it becomes possible for people with less savings to buy a commercial plate. However, it should never be forgotten that there are important points to consider when buying such shared plates. The first of these is definitely that the acquired share is registered in the taxi's license. Not paying the money before it is registered in the license is another important point to consider. In cities like Istanbul, where plates reach astronomical figures exceeding the 1 million lira limit, buying a full share is very difficult, so half-share and quarter-share sales occur much more frequently.
Individuals who want to apply for a new plate must first notify the transportation services directorate of the municipalities in writing that they wish to purchase a commercial plate. Depending on each city, municipalities generally grant plates based on applications made during their annual meetings and the population growth rate. However, as these processes are extremely difficult and long, the most logical approach is to examine for-sale plate advertisements and purchase a plate if one is found at a reasonable price through these advertisements. In Istanbul, due to the rapid population growth, new plate applications are generally approved more frequently. The finalization of applications made to municipal transportation units is largely a bureaucratic process, and completing the paperwork in this process is very important for reaching a conclusion.
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