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Start Your Own Commercial Vehicle Rental Business

If you want to start your own commercial vehicle rental business, you will need to conduct a thorough market research so that you can gather pertinent information. After that, you can now make your own business plan.

You can present the plan to potential lenders to get the needed funding. Get insurance and purchase the commercial vehicles for your business.

Researching for Commercial Vehicle Rental Business

Before you decide to put up your own business, there are some things that you need to do. Make sure that you know a great deal about cars and insurance. Try to rent a car from a local commercial vehicle rental business. Observe how the business own conducts the business. Once you rent a car, you will get a copy of the company’s contract. Study the contract and its contents. Take note of the pricing. You can shop around for the best deals so that you can get an idea about the local pricing.

When you are able to understand the process, you will find it easier to start your own business. This kind of business can be quite costly since you will need to invest on several commercial cars. You will need to offer different car models which you think will attract potential customers. Once you’ve done your research, you can now start writing the business plan. Any kind of business will benefit from a detailed and comprehensive business plan. There are professionals out there who can help you in developing the plan which will include marketing, financials, and management. You can also make use of online info sources to learn the basics of making a simple yet very effective plan.

Start Your Own Commercial Vehicle Rental Business – Seeking Funds

You will need a huge amount of capital but this will not be a problem once you’ve created a great business plan. The plan can be used to secure funding from a potential lender. You have to convince the lender that your business is viable and profitable. If you can do this, you will no longer have financing problems. Even if you are going to seek funding, you should also have your own share of business capital. Finding the location of the business is vital. If you have an existing lot that is located near a high traffic area, you can already utilize it and you simply have to put up a building for the business’ office.

Another option would be to lease the building. This is a great alternative which can save you a lot of money. Secure the needed commercial vehicles for your business. After that, you will need to shop for the right insurance. The insurance for a car rental business is much higher as compared to conventional car insurance. Try to get quotes from various insurance companies to get the best policy. These are some of the most important concerns when starting a commercial vehicle rental business.

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11 Comments

  • Tushar Kshirsagar said on December 27, 2012
    I reside in nashik, Maharashtra, India. want to start a business with small investment. Please advice me on what to do i need to start with.
  • Atul Pawar said on March 14, 2013
    I reside in mumbai & i want to start my Own Commercial Vehicle Rental Business. i already have used car. plz advice me how to start & how can i deal with this...
  • Rajesh Kumar said on May 1, 2013
    New Delhi Delhi India. I put up my new vehicle in any company at rental basis and start my business. please advice me how i put my vehicle in company. Rajesh 9210297407
  • C L SHAH said on February 1, 2014
    I want to start a new transportation business, I want to purchase a new small commercial vehicle and start my own business in Ahmedabad, Gujarat, India. Please advise me for this.
  • Mohsin Mazhar Arkate said on July 23, 2014
    Hi, This is Mohsin Arkate. I'm planning to start a transport business by renting commercial vehicle in some companies. I'm located in Mumbai. If you guys can help me please contact me.
  • santosh said on November 3, 2014
    i want to start a car rental company in kolkata
  • souvik ghosh said on February 12, 2015
    I want to Start commercial car rental business in a local factory. with a tata sfc 407 in finance and a driver. I have no experience about this business. What should I do or know about this business? I am from konnagar.Hooghly.wb
  • Sachin said on April 25, 2015
    I want to start commercial car rental business business . plz help me
  • Ram Chandra said on June 27, 2015
    I am residential of South Delhi, I have a new Maruti Eco. I would like to start commercial car rental business in Call center or company. Kindly advise me... I don't have any idea about this field....
  • Abhilash said on August 8, 2015
    Hi guys, Can someone tell me about where can I get all the legal info regarding starting a bike rental company – such as registration, number plate(does it have to yellow no plate or white), the minimum requirements etc. Any help would be highly appreciated. Thanks
  • Kaushik Chakraborty said on March 22, 2016
    I am kaushik from hooghly I am looking for people who is interested in commercial vehicles business and have interest to invest.

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