Buyers and Sellers Tips At Taxi-Mart.co.uk

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Buyers and Sellers Tips



Here is Taxi-Mart.co.uk's quick guide to buying or selling a taxi.

 
BUYING A TAXI

Buying a taxi Privately.

Buying a taxi from a Trader.

Some questions to ask.

Checking the taxi.

SELLING A TAXI

Writing the taxi advert.

Preparing the taxi for sale.

Dealing with payment.

Filling in the paperwork.
 
 

BUYING A TAXI

Buying Privately.

 

You will of course have less legal rights if you buy a taxi privately than if you buy a taxi from a dealer, but you may well get a bargain. Sellers must give a truthful account of the taxi's condition. You must check all of the documentation carefully. Make sure the V5 has the same name and address on it as the location that you are viewing the taxi.

Ask to see any service history or garage bills for the taxi. If there is no service history or bills there is a possibility that it might have been maintained at a backstreet garage and lots of pattern parts might have been used instead of original ones. If the seller has bills from a reputable taxi garage then you can safely assume that the taxi will have been well looked after.

Here are some questions to ask the vendor:

 

How long have you owned the taxi?
How many owners has the taxi had? (You can check these answers against the V5).
Has the taxi been singled or doubled?
How accurate is the mileage? (You can check this against old MOT’s or the service history).
Why are you selling the taxi?
When was the taxi last serviced?
Is there anything wrong with the taxi?
Does the taxi have any outstanding finance?

Buying from a Trader.

Buying from a taxi trader will give you more legal rights than buying privately. The sale will be covered by the "Sale of Goods Act." You will have certain rights. These are the main ones:

The taxi should be of satisfactory quality bearing in mind its age and how much it cost and free from defects other than those which you were made aware of.

The taxi should be fit for any reasonable purpose. If you are buying a vehicle to use as a taxi then it should be fit for that purpose. It may be a good idea to have the taxi checked out mechanically by one of the large companies such as the RAC or the AA. It would also be advisable to have the taxi checked out by one of the vehicle checking agencies. They will check the taxi's history. Checks include a finance check, and mileage check. They will also research the history of the taxi to see if it has been stolen or previously involved in an accident.

 

Here are some other questions to ask:

How long have you had the taxi?
Who was the previous owner?
What area/licensing district is it from?

Checking the taxi.
A quick guide on what to look for.

Bodywork.

Check the paintwork, make sure that it is of reasonably good quality. Check that paint colour matches on all of the panels. This is especially important on metallic paintwork.
Check for rust and minor dents. Also look for stone chips on the front panels and valance. Paintwork can be expensive to repair, maybe £1,000 for a full re-spray.


Underneath the front.

Check for leaks near the steering box (on all LTI cabs). Check for oil leaks around the engine and gearbox, if there are any they will likely be expensive to repair.


Underneath the middle.

Check for rusty sills both inner and outer. Check the exhaust for holes, check the exhaust rubbers.


Underneath the back.

Check to see if the diff is leaking or has been worked on recently. Look for rust or holes in the exhaust pipe.


Inside the taxi.

Taxis are workhorses. The driver compartment is likely to be a bit tired and worn. However everything should work. Grip the foam on the steering wheel if it twists the wheel will need replacing. Try the stereo, the electric windows and the door mirror controls. Check the windscreen for chips and cracks.
Inside the rear compartment, look for ripped or repaired head-linings and seats as these can be expensive to repair. Is the carpet ok? Are there any cracks in the plastic mouldings?


Road test the taxi.

You should always road test the taxi. Check the steering for play and smoothness when turning from lock to lock. Listen for any whining noises coming from the diff. If it is an auto check all of the gears and ensure that it changes up and down smoothly and that the kick-down works. Put the brakes on and check for any feedback from the pedal, if it feels as if it is moving up and down slightly when you apply pressure, one of the discs may be warped. If the pedal feels hard the servo might be on its way out.Make sure that all of the windows open ok and that the wipers and washers work. Check that the stereo works.


Under the bonnet.

Look for general cleanness. See if the battery looks new. Look for any obvious leaks. Pull the oil dipstick out a little, if there is even the faintest hint of smoke coming from the pipe that the dipstick came from the engine may be burning oil and the piston rings may be worn. Remove the oil filler cap (with the engine turned off) and check for emulsified oil. Undo the cap on the expansion tank then carefully take off the radiator cap. Look at the underneath to see if there is any emulsified oil there or on the underneath of the filler cap. If there is the head gasket may be leaking. Check for air bubbles in the water. These may indicate a cracked cylinder head. Check for oil and diesel leaks.

 

SELLING A TAXI

Writing the taxi advert.

When you write your taxi advert you should include as much relevant information as possible.

Include:

Make, model and trim type,
Year and letter i.e... (1999 W)
If there is any License/ MOT remaining.
Nearest town to your address.
Number of previous owners.
Any service history or warranty remaining.
When is the soonest you expect to sell the taxi.

Don't try to oversell it. Ask around and look at other adverts to see how much other sellers are getting for similar taxis. If you want to sell quickly adjust the price accordingly.


Preparing the taxi for sale.

Clean the taxi thoroughly inside and out. Remember that first impressions always count. Consider whether it might be advantageous to pay for a professional valet.


Dealing with payment.

Always use caution when closing the deal and arranging payment. There are various different ways to send or receive funds electronically. The most well known are BACS or CHAPS. Banker’s drafts are also reasonably safe although they should be checked thoroughly and you should also be careful not to release the taxi until the funds have cleared into your bank account. If you want to use cash to pay for or in payment for a taxi, count the money in front of the other party and be careful not to receive any forgeries.


Filling in the paperwork.

When you sell a taxi it is your obligation to fill in the V5 with the new owners details. You must fill in either the green or red slips at the bottom of the V5 and give them to the buyer. The blue part must be sent to Swansea by you. This way you know that ownership has been transferred. This covers you against the new owner getting parking tickets and fixed penalty notices. Always ask for or give a receipt for the money.


Buyers And Sellers Guide
You will of course have less legal rights if you buy a taxi privately than if you buy from a dealer, but you may well get a bargain. Sellers must give a truthful account of the taxi's condition. You must check all of the documentation.
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