Saturday, December 22, 2012

New York City Taxi Medallion Prices -- and how come?


Hard times for most people equal good times formedallion prices.


2012 Medallion Transfers

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Please select from below:Medallion Transfers – September
Medallion Transfers – August
Medallion Transfers – July
Medallion Transfers – May
Medallion Transfers – April
Medallion Transfers – March
Medallion Transfers – February
Medallion Transfers – January


September 2012 MEDALLION TRANSFERSIndependent means owner driver medallionMedallion Classification
Independent accessible $652,000.00
 Independent alternative fuel N/A
Independent unrestricted $740,000.00
$720,000.00
$720,000.00
 $710,000.00
$705,000.00
 $705,000.00
 $355,000.00 *Fifty percent)
 $352,500.00  *Fifty percent)
 $296,178.64  *Fifty percent) my guess on this is that the medallion has kiens
Corporate accessible N/A
Corporate alternative fuel N/A
Corporate unrestricted $2,250,000.00 2 medallions
-
- - - - - - - - - - - - - - - Stock Transfers - - - - - - - - - - - - - - -
 $900,000.00 2 m 2 medallions, 50%
 $468,955.842 medallions, 50 %

I've simplified the pdf chart for September and ignored what appear to be  transfers within a fmily at no cost. I bet you didn't know thee is stock transfer going on in the medallion market. Note though how v e ry few transfers ther. Corporates went for 2,e are in a market of 14,999 medallions.In January Independent unrestricted (owner driver) went for $700,000. Corporate medallions went for $2,000,000 for two.
Wow do they come at what seems so steeep prices? Well, the owner driver is buying a job with a possible sub contractor, and he can at least hope to sell it at a gain.

The corporate owner can lease his medallions to a fleet or broker or manage it him/herself.

He will get a much higher return than on US Government notes and there is very little risj involved.













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