Renting a car is a real business
with a large number of earning schemes. You can act as a lender as well as deal
with daily and hourly rents. You can become a mediator. Starting with the
purchase of one rental car, you can gradually organize the entire fleet of
vehicles.
ADVANTAGES OF A BUSINESS IDEA
We suggest that we consider the
main advantages of such a business:
There is no need for serious
investment in the beginning. At the very beginning, you can limit yourself to
buying economy-class cars. In a relatively large city, this can bring in 10-15
thousand per month. An option with minimal costs without buying a car is also
possible - the provision of intermediary services. We will consider this separately.
For daily rent, it is enough to
come to the parking lot in the evening, pick up and leave the car. You don't
have to be distracted from your main job or another job. It is good if the
entrepreneur is already in the car business.
TARGET AUDIENCE AND CAR OPTIONS
First, let's understand in which
cases car rental is generally required:
Temporary absence of a car
It is essential when a person
cannot imagine living in the city without a car, and it is impossible to buy
your own car urgently.
Leisure car
The idea of renting is popular
in resorts and everywhere where tourists go on vacation.
Car for the holidays
Delivered in a particular
category. They are usually ordered for weddings, receptions, etc. Limousines
and executive cars are ordered.
Cars to visit business people and dignitaries
They are usually not neglected
and order a car with a driver.
Renting for taxi drivers
This option may be optimal for
those who work without their car or do not want to use it for these purposes.
The desire to meet a particular car before buying
You can organize a complete test
drive for the future car owner.
As for the direct delivery of the
car to the rental driver, there are two possibilities:
Renting a car with a subsequent purchase
The tenant pays an advance for
the car. Then, according to the obligations, he pays the rent for 1-2 years.
This is most often done for renting a taxi. The scheme works as a bank loan.
Rent without redemption
The car is rented daily. It is
also possible to pay by the hour if we talk about specific events, such as a
wedding limousine.
WHICH CAR TO START WITH BUSINESS
When you target any business, you
must decide which car you will buy first. Everyone involved in this business
does not have a consensus on many issues. For example, is it acceptable to buy
a domestic car, or do you have to buy a foreign car right away?
The requirements for taxi drivers
are usually stricter. The best option for the cheap - Renault Logan. Cheap and
spacious, and not so much money is spent on repairs.
Here, too, the opinions of
entrepreneurs differ. On the one hand, there can be various "surprises."
On the other hand, the price. Let's say: starting a business with minimal funds
(less than a million rubles) buying a new car is not wise. It all relies on the
objectives and scope of the project. You can buy some nice new cars close to
business class. Or you can organize an entire fleet.
ABOUT CLIENTS
The most optimal option -
cooperation with corporate clients. In this case, it is best to provide them
with a good discount. Even if it is not as profitable as conventional ones,
there is always a demand for a car.
You cannot ignore the law.
To provide such services, you must register as a sole proprietor or legal
entity. Otherwise, it threatens liability, up to criminal.
All legal aspects help to ensure
the security of the transaction. The lease must be drafted, carefully drafted,
including the minor details. If you plan to rent more cars, the services of an
experienced lawyer will not be excessive.
Pay attention to the driver's
personality. Check his details. Ideally, this is a person over the age of 30
with extensive driving experience. It is recommended to reject newcomers who
are immediately behind the wheel. Also determine how the driver will use the
car, whether he got a job in good company. A medical examination will not hurt
- because of constant work in a taxi.
You should install the GPS
tracking system on your vehicle. It is cheap, and you will always know where
the car is. Such a system will cost less than 8000 $.
HOW TO START YOUR OWN CAR RENTAL BUSINESS?
First, you can start a franchise
business by becoming a representative of a well-known western company. Second,
small car rental companies often operate in stores. Before choosing one or
another form of business, you should assess its competitiveness. Company
registration does not present particular difficulties because it is not
necessary to obtain special car rental permits.
WHAT ARE THE BEST CARS TO RENT?
The number of cars that a car
rental company will have at its disposal depends on the scope of activities.
Representative offices of large western companies can have up to 200 cars at
their disposal, and there are also small companies with a maximum of 10 cars.
Demand is constantly growing, and with it, the number of organizations
specializing in car rental. Therefore, it is impossible to calculate the
required number of machines accurately.
If you want to make your car
rental business and can not afford this first, rent a car at a low price and
work hard. After few months, you get your own car then you start your small
business. If you are finding a cheap car rental service, Carlay Car Rental
company offers you to rent a
car in Islamabad.
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