The need for motorized vehicles is increasing day by day. In the midst of a human activity that is getting faster, it makes them want everything practically and easily. Many of them choose a car as a mode of transportation for their activities.
More practical and can accommodate all family members or friends in one vehicle are some of the reasons they use the car. But not everyone has a car; this is the opportunity you can take advantage of to open a car rental business or better known as car rental.
To rent a car in Karachi, you can take the services of Carlay Car Rental.
The car rental business does have good and promising prospects. But many car rental entrepreneurs have to go out of business when they are just starting out in this business. This is what makes novice entrepreneurs discouraged from starting a car rental business. Even if they can think creatively, there are a few tips they can try to be successful in starting a car rental business.
How to Start a Car Rental Business
Car rental businesses usually set daily rates. It can be per 6 hours, 8 hours, 12 hours, or even 24 hours with different costs. Car renters are not responsible for car maintenance, but the cost of renting a car does not include fuel costs and driver fees.
If the car renters want a driver, rental services usually provide driver services by adding to the rental fee. Usually, car rental entrepreneurs have relationships with freelance drivers who are ready when needed.
This business is indeed promising big profits; this business also has a high enough risk. Often times there are some irresponsible people who deliberately run the rental car. Not to mention that if an accident occurs, the employer must provide more costs for repairs. For those of you who are interested in this business opportunity, there is no need to be afraid of the risks of this business.
In order for your car rental business to generate large income and low risk, here are some tips for successfully opening a car rental service business:
1. Look for a place or a strategic location
2. Understand the needs of consumers, usually consumers like cars that can accommodate many people
3. Choose a car with small maintenance and operational costs. The low cost of spare parts and low maintenance costs will help save on operating costs.
4. Try to use insurance services to protect your car from various risks.
5. Transparent and complete administrative management, so that data from consumers can be seen when something undesirable happens.
6. Establish a relationship with your regular repair shop or mechanic so that you can get a lower price when doing maintenance or repairs.
7. Optimize promotional media such as through brochures, banners, and online media.
8. If you use a chauffeur service, choose a good driver and know roads and machines. Besides your car will be better maintained, your customers will also be comfortable and happy.
9. If your business is more developed, then add your rental car stock. You can look for additional capital from friends or invite your friends who have cars to work together.
10. Look for customers from agencies or companies, so that they can be used as regular customers.
Choosing a Car Type
Why new? actually, it doesn’t have to be new, if you already have a car at home, you can use the car you have, but if you have to buy one, then I suggest you should buy a new one; usually, a new car in the first 3 years does not require major maintenance.
In addition, the insurance company will prefer it if the client is a new car. And other reasons, tenants will definitely prefer a new car. Even though the price you provide is a little more expensive, usually tenants will still choose a new car.
Marketing System
To market this car rental service is very easy, you will have no difficulty in marketing your car, because many people are interested in renting a car, while there are not many rental cars, plus if your car is new, there must be a lot of people interested in renting.
You can also apply this strategy, namely tell all office friends, colleagues, neighbors, acquaintances and so on about the car rental business you have, put brochures at your place of business, and make business cards, banners, offer proposals to schools, offices, and bureaus. travel, or if necessary, you can advertise on your city radio.
But if you only have one car, you really don’t need to do that; I’m sure from word of mouth alone, you will have a hard time turning down rental requests.
Another opportunity
Many companies are interested in renting a vehicle; if you decide to lease it to them, you should have several similar rental vehicles, and choose a large company, for example, a communication provider, banking, or others.
Some of the advantages of renting cars to companies are that they rent for a long time. But the drawback is that if there is damage to the car, it must be replaced immediately, so you must have a spare car.
And also usually the rental price to the company is cheaper.
If in a month for 3 years you can only rent out ten days per month, then you will only be able to cover the monthly installments; well, if that’s the case, then at the end of the installment period, you will fully own the car, assuming the xenia selling price is within The next 3 years will still be around 75-85 million, minus the DP of 20 million = +/- 60 million, or 20 million per year, that means around 1.6 million / month. not bad right?
Digital Bash 