Car hire business

[Janita]

Car hiring business is very profitable and really lucrative
but I can say that it is very risky business as well because in this business you will take risk just because of getting profit in coming days maybe futures so this business is really profitable until or unless you are not experience and help by experts who already started this business and faced all the challenges before getting profit and getting success after facing challenges

 

[singlej007]

That business is a challenging business, and is a business that nerds lots of capital too, what your friend should do is this, let him screen the driver very well and make responsible married man are given the car.

 

[Papikarl]

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?

It is a good business but as we all know, every business has a risk associated with it. It is less risky when it is hired to a taxi or transport company in general, but more risky when hired to an individual you know nothing about

 

[Kelly5]

So many inputs on how your fiend who wants to do a car hire business should handle the whole matter and himself. There must be a well and clearly spelt out agreement of the contract. A GPS is also not a bad move to have on the vehicle against theft.

 

[Kinglegend01]

Yes this particular business type of hiring out cars to people is a very risky and risk associated business which scares most investors away. I want to congratulate your friend for having the guts to choose this busines but I think he should first itemize all the risks and dangers of this business and tackle each of them differently or provide solutions to them.

 

[mayreeh38]

I never knew car hire business is still invoke. Well, your friend to avoid theft just like you rightly mentioned should get car trackers. That way you know when your customers is going out of the line. Insurance should be done to back you up.

 

[Faani18]

There is a lot of potential in rent a car business. One can earn money by doing this business. Any how there are many challenges too. One must be ready to bear all mishaps that could occur. Theft is a big issue but if you have tracker within it it could minimise the theft problem.

 

[Waseem74]

If you have no money its good to hire a car from any one.But its a bit risky for any one in this as you have a opportunity to get some money to support your family as you have to face many hurdls.But in every work as have many benifits also hurdls are face to be a strong person to be successfull in the life

 

[afolabitope]

Car hiring business is a lucrative business if someone can going into it, and there is no business without a risk, for every business there must be risk and if you can take the risk and invest into it, I can assured you that you are going to make more profits

 

[Emma Aneni]

E-commerce is a business model or a larger business model that allows companies or individuals through the electronic network and is usually the type of business segments in the internet. E-commerce is also can do business it can provide a new way to companies of all sizes to create new relationships and extended relational operations.

 

[Shayo]

Good business idea, you make your money work for you without doing much. Car thefts are rampant and some even know how to disable trackers so trackers may not really curb the issue. You can request for guarantors, make it one of the compulsory things before giving our your cars, so should anything happen, you'd have someone to hold responsible.

 

[zyralorenzo01]

car hire business is in demand nowadays is not necessary because of these pandemic. Tourist is limited. Car hire business center is for tourist. They tend to borrow car for their travel.

 

[Ridorz]

Car hire is profitable and lucrative business that usually generate a great daily income for the owner. People are doing this business in my country and doing okay with it. Though, car hiring in my country is not by giving it to someone for agreement time and collect money, the person that has the money is the one that will be driving Who hire the Moto to anywhere.

 

[Abigael]

The car hire business is a really lucrative one, but the challenge of car theft can be really devastating. I don't have much experience about this business but requires great security. You should start by making sure you know your customer well before you give them your car. They should be people that can be traced easily.

 

[EMMANUEL]

Car hire is a good business, it is profitable when you have a nice location and a conducive environment, because there has to maintainance towards this as well.
Always ensure a good maintainance is incurred towards the car.

 

[Alexandoy]

A car rental business is a risky business here because of the theft of the cars. A customer will hire your car for the whole day and it will not come back anymore. A friend lost his car that way. When it was recovered the car was sold to a person who had no idea that it was stolen. Another problem is the damage to the car that sometimes a renter will just bring back the car in haste without reporting the damage sustained by the car.

 

[mubinadaddy]

Car hireing business is a very lucrative business that's why you see Uber doing it perfectly and alot of company are now buying into the ideas of car hire business. But it have to be in a right hand so that you will not end up regretting.

 

[jay]

Very dreadful when you meet a dishonest driver because you will run into loss to the point you would prefer to sell the car than keep it.
The thriving of this business is solely dependent on the driver you employed.

 

[Folaham]

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?

My brother's experience with his Uber car was nothing to write home about. The driver was just an irresponsible fella that ruin the plan for him.
If you are planning on having a car for hire and you won't be the one driving it, the. It's a must you have a tracking device installed on it and monitor it's movement without informing the driver.
Also, get the driver to bring in a guarantor who can bear to pay if not above 60% of the worth of the vehicle.

 

[Seun4luv]

Car hire business is profitable business and when a car from a fleet is booked for some percentage of the total time. For the sake of such readings, spare no expense and efforts on marketing. Explore a market in your location.