Car hire business

[Abonyo Dickens]

My friend wants to start a car hire business, but it has several challenges with it. We've heard of several cases of theft where you give out the car then someone gets away with it. For those who have tried this business, how have you overcome such challenges?

 

[Lyrrex]

Car hiring is a very lucrative business to venture into.,Yes there are risks associated with it, just like every other business. Whoever you will hire your vehicle must sign an undertaken to bear any cost if something goes wrong.
[automerge]1606491974[/automerge]
Car hiring is a very lucrative business to venture into.,Yes there are risks associated with it, just like every other business. Whoever you will hire your vehicle must sign an undertaken to bear any cost if something goes wrong.

 

[greenie]

in every business there is a risk. here every man must leave an advance before, which you will return at the end, when he brings you the car. the business is quite profitable, especially for young people who do not yet have the opportunity to buy a new car. they want to go on a vacation, they rent a car. you have to think hard about this business

 

[Setho]

Car hire business is very lucrative especially when it will be used for public transport. Just ensure you and the driver drive out an insurance.

 

[Kamon c4]

This business is very lucrative and it requires no stress. It’s very safe if you lend your cars to licensed companies. In my country there’re transport company who will rent your cars( they’ve specifications on which kind of car) and they’ll pay you per month. The payment is fixed.

 

[ahmedo24]

This business is very lucrative and it requires no stress. It’s very safe if you lend your cars to licensed companies. In my country there’re transport company who will rent your cars( they’ve specifications on which kind of car) and they’ll pay you per month. The payment is fixed.

As good as this business may be the owner of the company renting the cars must ensured the cars are fully insured to avoid loses that can't be managed.

 

[WhiteHouse]

car hire is the one of the safest,peaceful,respectful and profitable business you can venture in . The people you rent cars too make sure you know details of them if possible there BVN number so they can be traced and don't forget to insure your cars

 

[Trexxxy]

Every business has its own risk , make sure customers have collateral or sign affidavit. To reduce cases of theft

 

[Kamon c4]

Car hire business a very lucrative business but just ask every other business has it own risk and challenges it has it own risk too, I think you sshould insure the car and also have a tracker in the car

Yeah transportation companies always have trackers and gps in their cars it’s very safe

 

[Nurudeen]

Car hire is a lucrative Business. If you are not riding your self and giving it some one just get a good car tracker for the car. With the device you're good to go with the business

 

[MizzLala]

I've never owned a car hire business but I do know that those who do often ask for a hefty deposit as insurance in the event that something shady happens. Alternatively, some keep the customers' debit/credit card details on file for that very reason. Maybe your friend could consider that.

 

[joy101]

Car hire business is also a nice business to engage on, opening a car hiring company with a unique brand name will make it more legit and easier for people to track you for hiring purposes. I recommend it for people looking to explore with the option.

 

[Sariana23]

When making the decision to rent a car, you must be aware of the risks, the first thing to do is insure the car, attach a GPS, sign legal contracts each time you hand over the car keys, all this to avoid having a bad time . And above all, have a good capital to invest and cover mechanical expenses.

 

[Josemendez]

The fact is that no one hands his car without something like a collateral or someone to stand in for the person that will receive the car.

 

[Bookwormlux1]

This business is obviously a very risky one, it requires a lot of legalization processes to play safe if not there would be a lot of losses. I would seek an alternative business idea.

 

[joy101]

Car hire business is also a nice business to engage on, opening a car hiring company with a unique brand name will make it more legit and easier for people to track you for hiring purposes. I recommend it for people looking to explore with the option.

 

[ahmedo24]

Car hire business is also a nice business to engage on, opening a car hiring company with a unique brand name will make it more legit and easier for people to track you for hiring purposes. I recommend it for people looking to explore with the option.

That's true with unique name and well packaged services people will patronize you because generally people loves what's trending at the moment.

 

[kharvest19]

car hire is the one of the safest,peaceful,respectful and profitable business you can venture in . The people you rent cars too make sure you know details of them if possible there BVN number so they can be traced and don't forget to insure your cars

Safest not too safe because some people have bad intentions of running away with the cars, and some involve in fatal accidents i think the best way as you have said is to insure the cars

 

[ahmedo24]

Safest not too safe because some people have bad intentions of running away with the cars, and some involve in fatal accidents i think the best way as you have said is to insure the cars

Proper identification is usually done and you must have someone to stand for you before cars are given out on hiring just to stay safe in both parties.

 

[joy101]

That's true with unique name and well packaged services people will patronize you because generally people loves what's trending at the moment.

That's very correct, trending things have always been needed, people love buying things like that. That's why you need to thorough read the market and know what the people truly want.