Uber Confirms New $1.2B Funding Round, Looks to Asia for Expansion

Re:Uber Confirms New $1.2B Funding Round, Looks to Asia for ... by smeyer on Thursday December 04, 2014 @02:38PM (#8701182)

Googling found me rates of about 4%-5% for a taxi medallion loan in NYC[1]. For an 800k medallion, that's 30k-40k a year in interest, which should still be giving a lot of wiggle room to a competitor not paying for medallions.

[1]https://www.brfcu.org/rates_loans.asp

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Re:Uber Confirms New $1.2B Funding Round, Looks to Asia for ... by nerfhammer on Thursday December 04, 2014 @03:18PM (#8701386)

The most recent announced average rate at the largest medallion loan bank is 4.06%:

http://www.medallionfinancial.com/news_release_14-11-03.htm

The historical average appreciation rate of medallions is 14%:

http://www.aei.org/publication/chart-of-the-day-nyc-taxi-med...

The differential between the loan rates and appreciation yields may be about as much as you make using it to actually drive the taxi:

http://blogs.reuters.com/felix-salmon/2011/10/21/why-taxi-me...

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