Car hire business

[Chumzy]

Car hire is a very lucrative business although it comes with a very big risk. Some people do hire purchase instead and give a stipulated time for payment. Others just hive out the car and then expect returns weekly or monthly.

 

[Ayokex]

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.

Car hire business may be profitable but it's very risky. Several risk are attached to this business. Majority of the drivers out there are not trustworthy and they can damage your within a short period of time. Another risk involves in this business is theft.

 

[Richard92]

Car hiring business is a very good business and it is very very lucrative and requires little or more capital in starting it. However in this part of the country it is not that lucrative because people be prepared to board a car than to hire cars.

 

[Tito4u]

Car hire could also fall under haulage business. It's a very lucrative business that can yield a lot in no time. It only takes you making sure that your vehicle is in good condition. That's all.

---

 

[Husnainali]

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

 

[Akinwale701]

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's a very lucrative business to start but care must be taken to ensure that he first insures all the cars and also he has to install tracking device on the card to prevent any negative stories that touch in the future. Car hire bhsienss is very good and profitable

 

[DareIsrael]

If you are entering car hire business, you must be sure to set somethings in place. Your must have a tracker installed on it. Before you give out vehicle, you must verify drivers license and reach an agreement on damage control before giving out a vehicle.

 

[Donkiz]

Car hire business is good if you know how to go about it, one mistake that people make on the business is renting their cars to some random persons without proper documentation. Before you hand over the car keys to the person that is renting the car, you need lots of documents like guarantor details, ID card, residential and permanent home address, etc. And those information must be verified.

 

[Yan]

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 haven't ventured into the car hiring business before but I think it is a good business that is if you neglect the bad side which are theft and damages but concerning all those I feel insurance should be able to cover it and if you make the business standard enough I think there are some steps you will be able to follow in conjunction with the government to help you trace and apprehend such people.

 

[tyrim88]

As lucrative as it is,for you to have peace of mind when you car is been given out,you need to carry out thorough baground check and proper profiling on the individual.And in the case of damage you need to get a proper insurance paper.

 

[Ridorz]

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.

Yes, you made a point of what you said. I think that is most challeng of the car hire business. To see a good and trustworthy drive to be driving your car for work is the main thing that facing a car hire as a problem. If the driver is not good the car owner will enjoy the business.

 

[Ebensco]

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.

 

[Neeta313]

If you want to start this business I think you should be ready for anything that will come in the end but personally I will advise you to take certain precautions like collecting part payment before giving out the car and then collect their ID card or something very important to them, lets just see it as a collateral.

 

[Oluwasube]

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.

You have spoken well.. all business coms with its own risk. Your friend can install trackers on his vehicles do as to know the locations of his customers. And he can make sure they sign an undertaking before hiring the car atleast this will give you a send of security.

 

[Neta Sam(Samuel Odunlade)]

Car Hiring business is a wonderful great business and it has its own challenges, but it has proved to be awesome. The turn over is great and people are always in transit. As long are people will travel they will surely hire a car.