In mid-January 2019, I stopped driving SMRT Taxishare and switched to a Private Hire Vehicle Driver (PHVD) with Grab and Go-Jek.
Why?.....Because the rental of an SMRT TaxiShare for 9 hours is $85, whereas a private hire car is only $55 for 24 hours...a $30 difference per day.
I don't have to be a rocket scientist to realize that I can save and earn an extra thousand a month driving a private car and at the same time be able to drive the rented car up to Malaysia.
However, with TaxiShare, I can choose as and when I would like to drive and pay only for the rented hours. But as a PHVD with a rented car that has a monthly contract, I've to fork out daily rental regardless of whether I drive or not like a Taxi Hirer.
In Singapore, if you hold a Taxi Vocational Licence, you are allowed to drive either a private hire car or a taxi with some minor restrictions. The major restriction is a private driver cannot pick up street passengers or enter taxi stands. Other than this major restriction, the playing field is even.
So happily, I registered with Grab and Go-Jek, two major ride-sharing platforms. Uber had left Singapore.
The conversion from a GrabTaxi to GrabCar driver was smooth and easy. It was completed within a day at Grab office. But the road to becoming a Go-Jek driver was onerous with countless delays.
Below is a quick comparison of my income between being a relief taxi driver and a private hire car for driving 9 hours.
or $11.23 per hour of driving without incentives.
In conclusion, if I want to earn slightly more and get a day or two off without having to worry about paying daily car rental, then palpably I have to become a normal relief taxi driver again.