Starting a Car Rental Company

If you are one of those who are very much curious and interested in establishing your own car rental company, you have two options to select from. First option is for you to enter or purchase one of the franchise programs where you are going to choose and buy cars individually for the benefit of your business.

The second option that you may consider selecting is the lease or purchase fleets.

If you like being challenged, you are going to enjoy being involved in this business. This is because this is one of the kinds of business that defines the true meaning of competition. In order for you to compete with the existing companies of the same type of business, it will be more practical for you to start a specialty auto rental company. This is if your location can sustain this type of business. Here are the significant facts in starting a car rental company.

Business Plan

Like any other business, car rental business also needs a business plan not only for the purpose of organization but also for the success of your company. In writing a business plan, you must include the task of identifying your target market. Decide the proper means of how you are going to set your company apart. Like for example you are living in a city which is normally dense and is not so friendly to those who love to walk, you might consider open your rental company which will allow your customers to rent per hour. This way, it will be easier for your clients to transport from your town to their business meetings or whatever their purpose may be. Bear in mind also that if this will be the case, you will need to build major hubs in the entire city in order for your customers to have a convenient drop off as well as renting the cars.

Location

In finding the proper location for your business, the one thing that you must never forget to consider is the size of your fleet. Make sure that the location that you are going to operate your business can accommodate all of your fleet. Also, it is important for you to be certain that your chosen location must be properly zoned. You can inquire your zoning office in this one.

Determine the Type and Features of the Cars

In order for you to determine the type and the feature of the cars that you are going to make available for you customer, the first thing that you must do is to make a list of those which you want to get as well as any features that you think will be advantageous to your business. Once you are done with your list, you must then contact the dealers or the manufacturers so as to lease or purchase a fleet.

24 Comments

  • jose luis marti said on April 17, 2012
    kissimmee, florida. i would like more info on how to purchase a fleet or lease a fleet of cars. i'm a certified mechanic and the maintenance of this cars will be free since i'm going to do it how can this help me in creating a plan for the bank.
  • Nosh Victor Gama said on July 7, 2012
    want to start car rental business in south africa mpumalanga province in nelspruit
  • anuj said on October 8, 2012
    i want to rent my small car for monthly basis ,how i find it & how i approach them.
  • anuj said on October 8, 2012
    my car has the permit, how i use in monthly rental.
  • Kwame said on January 9, 2013
    I do not have a car yet but I have an ambition to start a car rental business I need your advise.mail:k_boadu@ymail.com
  • santosh said on January 27, 2013
    iam living in mumbai india and i want to do car rental business, so which car is better for earn and where i give my car for rent where i earn better.
  • yogeshkanna said on September 13, 2013
    i am living in trichy, tamil nadu, india. i want to do car rental business. so which car is better for earn and how i can start that business.
  • SAKEER HUSAIN said on September 24, 2013
    Sir.. I am living In CALICUT ( kozhikkode) KERALA. I like to start rent A car service with government approval ( means ..with license ) it is possible in my City
  • Suraj Rajan said on February 1, 2014
    I am planning to start car rental service as it has a good income. But I haven't bought a car. So please suggest me a nice SUV type which will have good mileage & less maintenance. I was thinking about Maruti Eco. Location. Dombivili, Thane Dist. Maharashtra
  • manoj said on February 14, 2014
    I have one yellow bored innova car I want on monthly basis how fined it & how I approach them.
  • sillahs adipo said on February 21, 2014
    Hi am in Nairobi Kenya, planning to buy Car for monthly rental, how can I approach the best company for rental. Purposes. advice plz.
  • mobigrab said on March 19, 2014
    want to start a car rental company that will span across bassonia, glenvista, glenanda, meyersdal, alberton, mulberton etc
  • palanisamy said on September 15, 2014
    I am having Indica car and want to give on rent basis . I am staying in trichy plz help or give rly
  • Velly mnisi said on October 4, 2014
    I need to open a car rental but now i don't have a car yet. I need to know how can i start this business and what are the requirements. I am currently staying at Tembisa
  • Kakapa Ala said on March 23, 2015
    I have a Car Rental Company, all my Fleet is Import Cars as there are Cars that no thug would like to steal making it safe for be to operate.
  • Tiffany said on March 26, 2015
    I am in Hollywood Florida and would like to start a car rental company. What would i need to do to start off. I would like to operate in Hollywood florida as well. I dont really know much about it. I would like to know if you can tell me what to do step by step. Also whats the best way to get a loan for the fleet?
  • philile said on June 30, 2015
    i would like to start a car rental business in middelburg mpumalanga
  • nate said on June 30, 2015
    I am in Louisville Kentucky an trying to start a rental business what are the requirements
  • Nono said on August 19, 2015
    Bullet Times in Alexandria Eastern Cape I want to start a car hire I can be employed by the existing Company so as to learn
  • Thokozani said on September 14, 2015
    I am thinking of opening car rental business I am in Vryheid KZN
  • ROBERT KHOZA said on November 24, 2015
    Hi, I am in Tshwane (Pretoria), South Africa planning to buy cars for monthly rental,how can I approach the best company for rental? Please help.
  • gugu said on May 17, 2016
    I would like to know the requirements one should meet, the procedural steps involved in starting a car rental business . I'm in Durban ,kzn
  • syam said on October 2, 2016
    want to start car rental business in kerala kottayam, how can please guide me
  • Simphiwe Myeni said on April 18, 2018
    Good Afternoon. I'm Simphiwe Myeni, I have a traveling Agency Company, I need to extend my company by adding Car Hiring and what do I need to do? I really need your help ASAP.

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