Niche Car Rental
scoobydood started this topic @ 13:59 on 11/09/2008
Hi All
My first post! So thanks in advance to anyone who replies.
I have been kicking an idea around in my head for a year or so now - but recently decided to get serious.
I have identified what I consider to be a niche in the car rental market but more research is needed.
It is easy to work out the asset costs (i.e. the vehicles), the marketing costs and general overheads and the business seems to have the potential to make money. The BIG unknown is what the insurance costs will be. I have googled for days and cannot find a company that advertises or mentions insurance for car hire businesses. I have contacted a couple of major players but they haven't got back to me.
Initially I want to start it off very small with just 2 vehicles and take it from there but there is no point forming a company, creating a business plan, cash flow forecast etc if insurance costs render the business unworkable.
So basically I am looking for some rough ballpark figures on insurance to see if this is worthwhile.
Does anybody know of a firm that offers this cover or a specialist who can advise?
Many thanks!!
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RE: Niche Car Rental
Messonghi | 12/09/2008 04:50 PM
Depending on what you are trying to set up really depends on whom you need to contact. If you can give me an idea of what area you are looking to go into then perhaps i can put you in contact with people that might be able to assist you.
Regards
Messonghi
RE: Niche Car Rental
scoobydood | 12/09/2008 05:20 PM
Thanks Messonghi. Managed to make contact with a broker today that deals in the car rental market and they are preparing a quote for me.
RE: Niche Car Rental
Jnr | 06/11/2009 01:08 PM
New to this fantastic site .
I'm also interested in the car rental business but on a small scale (4-6 cars) . It's all new to me so I will probably ask a stupid question ;
For getting my hands on the vehicles would I be better off buying outright (have the money) , leasing finance , hire purchase or some sort of fleet management ?
Our immediate family spend quiet a bit on carhire in Spain throughout the year so I thought that if we had the cars ourselves maybe we could save/make a few quid .
Any info on this and the start up process would be appreciated as I'm genuinely interested , thanks .
Jnr