Car hire business

[Yasmin]

A car rental business rents vehicles at affordable daily and weekly prices. All sorts of different parties are interested in car rentals. Common customers include business and leisure travelers, those whose vehicles are out of commission and businesses.

Learn how to start your own Car Rental Business and whether it is the right fit for you.

 

[Bazikd]

Car hire business is a lucrative and profitable business if you can handle it well, I am into it currently so I can tell you for free that the first thing to do is to install a tracking device in the car with this you can monitor your car where ever it is and even stop the car engine from starting with your phone which will be connected to your car tracker.

 

[Khezo]

Car hire business is equally a good one. The thing is I don't really know much about the business but it's not feasible in all countries. For example I don't think it's possible in my country. But for the western part of the world it should be

 

[nasiusman95]

A car rental business rents vehicles at affordable daily and weekly prices. All sorts of different parties are interested in car rentals. Common customers include business and leisure travelers, those whose vehicles are out of commission and businesses.

Learn how to start your own Car Rental Business and whether it is the right fit for you

 

[Muhammadawais]

How Much Money Does a Car Rental Business Make? If you have the maximum location, different fleet of vehicles, and competitive rates, your car rental business can make cash. In the early years, it is possible to make 50,000 to 100,000.

 

[Adesuwa]

Car hiring business is a mini profitable business to engage in because it has it ups and downs. For instance the car hired can develop a fault which might even require more than the money the car produces thereby becoming a liability to the owner. It ups in a sense that it brings in more profit festive period.

 

[Olahab]

The business will require a fleet of vehicles, an office, computers, printers, high-speed Internet, the payment of incorporation fees, insurance for the business and automobiles, vehicle maintenance tools, a closed circuit camera system, employee wages/salaries, and marketing efforts.

 

[bilal19]

Business car hire is an increasingly popular way for companies to expand their fleet and ensure that their team are always on the move. This is especially relevant if they need a vehicle on short notice, for a short period of time. For some organisations, it is something that is regularly overlooked. Many still rely on their grey fleet (personal cars used for business use) rather than investing in business car hire.

 

[shakky2]

just like any other business car hire business is a very lucrative business in which you you get a very good profit but at the same timr you have to be very careful with the people you deal with such that you won't be scammed

 

[Johnbami]

This business is good in some part of the world. Not in every country can this kind of business work because in countries like Nigeria I don't think a cute hire business would function. You might end up closing the business later

 

[Milz]

Car hire business is a very profitable one but is your friend ready to hit the road to fight his drivers? If your friend can find an honest person he can entrust his vehicle to, he will make the most out of it.

 

[Abisola]

The car rental market in India is booming with the creation of new opportunities as several international and national companies are entering the market in major cities. These companies are offering various services to travelers, be it a chauffeur driven car, a special pick up service, corporate services and much more.he primary operation would involve scheduling customer reservations and supplying rental car so before going into car rental business we have to understand about its risk and rewards.

 

[Adetayo100]

Car hire business is a very lucrative business if you riding it by yourself but if you give a driver to drive it for you then expect a lot of excuses ranging from breaking down of cars and so on but if you can get a trustworthy driver then you are good to go.

 

[kayode10]

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?

Instead of car hire businesses, I will rather go into transportation businesses with my car. Uber can be very lucrative as you are liable to realise lot of money on daily basis. Also if you have more than one car you can also hire people to do the uber for you and share profit. It may take a long period of time before you can get your car hired especially when you find yourself in a city where lots of people have their own personal car.

 

[Irfanali]

When a fleet car is booked for 72% of the total time, the car rental business is profitable. In order to read like this, don't spend any effort on marketing. Find a market in your area

 

[tuna89]

I have not tried the car hire business but before doing such you need to meet with the insurance companies to understand the terms and conditions as regards stolen vehicles, your friend should also know that such businesses are capital intensive and do make sure to get national identity documents of those who wish to hire the vehicles for security purposes, all the best.

 

[Praaizz]

I think the car hire business is a very lucrative business and can fall under the family of passive income one can venture into, because you don't need to work daily on it yet you receive a steady income from this kind of business. however there are factors you need to put in place to ensure everything goes smoothly and your income comes in steadily, one of the factors involves ensuring your employee that you want to hand over the car to provides at least three upright individuals to vouch for him against any default occurrences that may come, such as a Pastor, a lawyer a relative etc

 

[Adexgrace]

Starting a car hire business is a lucrative business that requires proper maintenance.
As for the part of those who run away with cars. Guarantor should available before giving car out to people. And there should be limitation to giving out of cars.

 

[Meerab]

Car hiringvis a very lacrative and profitable business...but every business have a risk involved with it so you should start yor business by making sure you know your customer well before you give them your car..You should get the identity of the people you hire the car to.

 

[muhammad ahad]

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?

I think you bought your car and hired a driver and paid him to drop you off at your destination. If you start renting a car, it will be harmful to you. But if you take care of your own car, it will be a good practice that will start to improve your earnings.