How does a cab depreciate compared with a normal car?
Working cabs lose roughly £25 to £40 in value per week on the road, three to four times faster than a private car of the same model. High mileage, constant motorway driving, and 70+ hour weeks all speed it up. By the time a PCO Prius hits 220k miles, it is worth under £4,000 even in clean condition.
Is this an actual offer?
No. It is a market-range guide using the same internal pricing model our valuers anchor against, with a band reflecting condition uncertainty. To get a firm number, submit your reg through the main valuation form and a real human valuer returns an offer within 2 hours.
Why does it ask my weekly earnings and costs?
Because the right answer is not always 'sell'. If your weekly net is high enough, the value the cab loses each week is rational to absorb. If your weekly net is below £200, you are effectively paying the cab to keep working. The calculator surfaces that.
Does it work for black cabs too?
Yes. The model uses the same pricing approach for LEVC TX, TX4, and TXE as for PHV. Black-cab residuals tend to hold better thanks to specialist continental export demand, which the calculator accounts for.
What costs should I include?
All of them. Hire or finance payment, fuel or electricity, insurance, plate / TfL fees, congestion charge, weekly cleaning, breakdown cover. Drivers consistently underestimate this number by about 15 percent.
What happens after I get the calculator output?
If the result suggests selling, a one-click CTA pre-fills your reg + mileage into the main valuation form. Our team then comes back within 2 hours with a firm offer. If the result suggests holding, save the page and run it again in a few weeks.