While we support slowing the number of drivers entering the industry, limiting the number of vehicles on the street will lead to all new drivers being forced to lease, which will skyrocket the costs of leasing and vehicle costs as a whole. That is why the City Council agreed to regulate leasing companies.
While the bill to regulate leasing companies is proposed in City Council, our sources say it was written by the bosses of the industry. We have to demand a voice at the table, and we have to demand fairness. If we let up for one second, these companies will get away with anything they want.
In addition, the data the City Council has available that they are using to regulate leases and our pay is not based on reality. The recent Taxi and Limousine Commission study alleges that monthly vehicle leasing averages $635 per MONTH. We all know that right now, the lowest price you can get for an old Toyota Camry is $350 per WEEK.
We cannot allow leasing companies to exploit the vehicle cap to take advantage of our fellow drivers. We demand a fair limit to leasing prices. Sign this petition to demand a fair limit to leasing prices.