TFL, in their wisdom, made the cabbies give up diesel for the new LEVC electric cabs a few years back, and my mate has had one on PCP for the last three years. He's been mulling over for the last few months whether to pay off the bubble payment on the cab and carry on, but then the 3 year warranty (which is a 'must have', apparently) was a whopping £5.5k. In addition, his insurance went up from £1k a year, to £3k a year recently. When he took the cab in for its ticket, they told him it needed a few bits done that weren't covered. He said he's sat down and worked out that he'd need to be taking £100 a day before he saw any profit.
Anyhow, when I saw him yesterday he told me, with a smile on his face, that he'd just agreed to hand the cab back and retire. Well he is 67, so I suppose I can let him have that. They're round ours on Saturday, so it's turned into a bit of a retirement do.
