Tips for Starting a Car Rental Business with Small Capital

Tips for Starting a Car Rental Business with Small Capital

Today, there are many people who need cars as livelihoods. One of them is to become an online driver or driver. This is a new opportunity for car rental entrepreneurs. For those of you who just want to enter this business like Rental Hiace di Bandung. Try to follow a few tips on starting a car rental business with a small capital below.

Choose Cars that Are Most Interested

Starting a car rental business means you have to have a car to rent. Before buying a car, try to choose the type of car that is in demand by customers in your area. Usually car rental customers prefer MPV type cars that can carry many people and also have economical fuel. After choosing the car you want to buy, determine the price of the car rental based on the type of car.

Avoid Used Cars to Buy

Although the price is much cheaper, avoid buying to start a car rental business. By choosing a new car, your business will become more value for customers and make customers safer and more comfortable. Not only that, choosing a new car also reduces maintenance costs. You can imagine, how much money do you have to spend on caring for used car engines? It must be more expensive than you buying a new car.

Buy a Car in Credit

If buying a new car is considered expensive and you don’t have enough capital, you can buy a car on credit. For the cost of the installments, you can take a portion of the rental car income. That way, you will not be charged with monthly payments. However, if you have enough capital to buy a new car, there is no harm in also buying a car in cash.

Create Car Rental Terms & Conditions

The car rental business is one business that has a considerable risk, such as a car not returned. To avoid this, you must contain a strict business regulation in the matter of car rental. You can ask your customer to leave a KTP, SIM or other identity, and make a lease agreement signed by the customer. Sewa Hiace di Bandung also avoid these risks by giving some security such as installing a GPS in the car to detect the presence of your car.

Register a Car with an Insurance Company

Other risks that can occur in starting this business are damage due to accidents, losses, natural disasters, and so on. To avoid this risk, try using insurance for the car that you are outweaving. By registering a car to an insurance company, the cost of car damage will be borne by the insurance company.

Promote Business

To introduce your business to the wider community, you need a business promotion. You can start by marketing it through the closest people, social media, creating websites, and so on. To expand the market, you can also work with hotels to help you offer business to customers or hotel visitors.

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