Modern car rental is a successful project and brings good profits to its owner. The project is based on renting cars to people and companies for the period they want in exchange for the agreed amount. Also, this project does not exist in abundance and this works to give your project a chance to succeed due to weak competition.
The goal of the car rental office project:
The car rental project aims to rent different brands of cars to people, companies, weddings and other occasions, and get profits for that.
Project location and space:
A car rental project can be established in a commercial area frequented by large numbers of people. So that the demand for the project increases. A shop with an area of 50 square meters is rented. A large garage is rented close to the shop until the cars that will be rented are placed there.
The labor needed by the project
In this project, the number of workers depends on the size of the expansion. Meaning that the more the project develops, the more workers it needs. At the beginning of the project, it will be a shop or an exhibition to display and rent cars. It is possible for the project owner to do the work himself, using a person to help in return.
Modern car rental facilities:
- Making the necessary licenses to set up the project.
- Equipping the project with appropriate decorations.
- A number of different cars are placed in the garage to be shown to customers.
- You can agree with your friends who own cars to rent their cars for a commission.
- You can also do office work and make advertisements for those who want to rent a car. So you can get cars and customers.
Are there other ways to finance a car rental business?
There are many ways that can be followed so that you can obtain financing for a car rental project.
For example, many banks provide loans for large and medium-sized projects. It can provide a comprehensive feasibility study for these banks, and thus will provide the necessary financing for the project. Payment is made over several years to be agreed upon with the bank, or a partnership system can be used. For example, you use a person who has reasonable capital. You add it to your capital and thus start implementing the project. But we prefer the first solution so that the project is yours alone. We advise looking for banks that provide interest-free financing.
Very important points for everyone who wants to open a car rental office project:
- It is possible to set up a car rental office project in small cities. Especially if these cities do not have a car rental office.
- Most cars, Accent, Kia and Elantra do not start with luxury cars at first.
- do not build the entire project on debt funds.
- If you do not have a plan to increase the fleet, please stop. By increasing the activity, I mean that you meet your financial obligations first. Such as company installments, bills and salaries, and then put part of the monthly return to buy more cars. Each car means an increase in monthly income.
- Know how much the car rental prices are in the offices near you before you set your price.
- Regarding car insurance, you will find insurance companies looking for group insurance and they can insure comprehensive or against others. It is preferable that the insurance be comprehensive.
- Do not forget to put your car rental store in Google Maps, and personally. I consider placing any store in Google Maps as a free commercial advertisement.
- In the case of many cars, it is preferable to have a small workshop and a mechanic. And if it is few, it is preferable to contract with a workshop on a monthly basis without any additional amounts.
- You can provide a car rental service for grooms, targeting the grooms segment. It is a luxury car and guarantees a fixed monthly income from the car that may sometimes exceed the rent of 10 cars combined.
Marketing operations for the leasing project
One of the most important factors for the success of the project is the marketing operations. The marketing operations vary from one project to another. We will show you many types of marketing that increase the turnout and make the project successful, as follows:
- Distribute advertising cards to people who come to the project.
- Communicate with projects that need cars.
- E-marketing is one of the best types of marketing as it takes less time and effort.
- Car photography and display on the Internet and social media.
- Making advertisements in local magazines interested in providing community services.
- Making photo paper advertisements and distributing them in vital areas.
- Hanging a large banner on the outside of the project to let people know about it.
- This project is a successful and distincti.