I have friends who have gotten into this business and I have been adamant because I see no arithmetic sense.The only person who seems to gain is the Car Hire company owner.In most cases all major repairs and insurance plus licenses are paid for by the car owner.Those cab drivers also don't seem to care about your car since they will get another one after yours can no longer serve clients.
I have even seen some guys taking out small loans to buy the car which I think is wrong since the car will be worn out before loan maturity date.My assumption all through is that the returns are between 35-40k/month.Insurance plus licenses adds to 75k p.a

Can someone please tell us how they have made it through this business (mathematically) that is....