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You can hail a taxi ("mo-NIT", מונית) in the street or call one (with extra surcharge). Taxis are obliged to give you a metered ride unless you settle for a price, so insist on the driver using the meter ("mo-NEH" in Hebrew, pronounced like the painter "Monet"), unless you are sure what the price to your destination should be. And no, the meter is never broken. A local ride without meter should be 20-30NIS in the downtown core, and up to 50 or 60 to the immediate suburbs. If you go for a price fixed in advance, haggle with your driver a bit, you can generally knock a few shekels off the price. Cutting a deal in advance is especially recommended on Friday night and Saturday, when there is a surcharge. Plus, if you get stuck in Tel Aviv's notorious traffic, you won't sit there watching your money tick away. Hakastel taxi service, phone +972-3-6993322, Palatine +972-3-5171750 or Shekem +972-3-5270404 (add 3.30 NIS charge for the call).
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In addition to normal (called "special") taxis, there are 6-12 person van-sized taxis that supplement some bus routes ("sheh-ROOT"). This alternative is often faster, slightly cheaper, and more frequent than taking a bus, and they operate 7 days a week. If requested, the driver will stop outside the designated bus stops. Such service is available on bus routes no. 4, 5 (but note that these taxis don't reach the train station), 16, 51 and 66.
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