Rent a Car in Islamabad continues to develop car rental business: alongside gasoline and diesel cars, a flourishing market of electric cars has developed in recent years, to meet the new needs of cities. And then there is luxury car rental, a branch that does not seem to know the crisis because it is aimed at a specific target, that of wealthy people, managers of large companies, but also VIP parties or of those who want to have fun if only for a day. So if you are scheduling to get into this business, here is the information you need to know.
What It Takes to Open a Luxury Car Rental Company
So how do you open a luxury car rental company? The first step is to know clearly what it should be used for: luxury cars can be rented for a short or medium period, for a few hours or a few days, for a single event or to promote the image of the company, for important ceremonies like weddings.
Luxury car rental can be a good deal because it allows more people to access property that would otherwise be difficult to own, does not require credit options, and allows for products, in this case, cars, always in perfect condition.
This is why in large cities, or near airports, luxury car rental companies are a very interesting investment, both own and franchise, especially if the '' it is considered that for a relatively high initial investment (forty or fifty thousand euros may be sufficient), annuities are insured because the service is requested by individuals as well as by companies for their managers and business trips but also city tours, birthdays, graduation ceremonies, important anniversaries.
Which Cars to Choose? At What Price?
The choice of cars is certainly the most important for a luxury car rental company: it concerns brands like Ferrari, Lamborghini, Maserati, but also Porsche, Rolls Royce, Audi, Abarth, Mercedes, BMW, and others. It would be impossible to buy new ones, but the used luxury car market is very flourishing, and you can find great opportunities at relatively low prices. This is our advice to get you started on this adventure of creating a successful business!
Where to Store the Vehicles?
The next step is to rent/buy a garage that can store cars safely. You have to pay for insurance, gasoline, maintenance, and spare parts on the cars in question, but these are not the only costs to be incurred. To open a luxury car rental company, the owner will need to prove that he has a driver's license and has not been ordered to ban running a business.
You must also open a VAT number essential for customer invoicing and registration with the Chamber of Commerce in the corresponding category. It should also be remembered that, according to the Highway Code, vehicles with a maximum of nine seats, including the driver's seat, can be used for rental without a driver, intended for the transport of people. You cannot rent them without a driver for higher capacity vehicles (minibus and bus type). But this does not normally apply to luxury cars (which often only have very small seats in the back, especially sports cars).
What Income Can You Expect as a Luxury Car Rental Company?
There are two possibilities for renting a luxury car: the first is driverless, with a contract that includes all the clauses, including the liability of the driver/customer in the event of damage to the rented vehicle, insurance coverage included in the rental, the obligations of the driver in the event of an accident, the mode of use of the vehicle, the responsibilities of the lessor in the occasion of a malfunction of the vehicle but also the costs. These may be flat hourly rates (and generally between 100 and 350 euros depending on the model) or kilometer rates.
The other way to make money for a luxury car rental company is to also offer a chauffeur service, which is needed for example in the case of city tours or cars such as limousines used for parties. . In this case, a specific professional qualification is required, which is obtained after passing an exam. This is a very different service that is more akin to the VTC / Private Driver.
Stay Safe While Driving!
Be careful on the road. Behind the wheel of a rented car, be extra careful. Behave responsibly and obey the speed limits. As much to avoid any collision or accident, which will increase the invoice with the lessor. When parking, do not leave any personal items visible in the seats or the back seat. You will eliminate all temptation for ill-intentioned people passing by ...
How Much Does Renting a Car Cost?
Renting a car online can save you money on your rental car. You need to enter some information on the sites offering a car rental service, namely the city, date and time you want to borrow a car, and where and when you plan to return it.
Paying for car rental directly on a site will often cost you less than paying with a car rental company. Online payment can indeed give you access to discounts.
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