Automobile: What If You Prefer Renting Rather Than Buying

This is, unlike a real estate investment, the main pitfall related to the purchase of a car: it depreciates the moment you turn for the first time the ignition key. On average, it’s 25% of its value that a new model loses only in its first year of use. After four years, everything depends on the manufacturer, but a BMW will still be worth 50% of its list price when a Fiat will only quote 35 to 40%. And if we add maintenance, gasoline, tolls, and insurance, then the budget has something to frighten. It was close to 710 Euros per month (or 8,500 Euros per year), depreciation over four years including, for the Peugeot 3008 finish Feline Marc and Pauline. “We sold it a year ago, to rely on alternative solutions of the Automobile ‘type,

Choose your rental agency according to the category of the vehicle

The car rental agencies offer, Luxury SUV Rentals for the most part, different categories of vehicles for rent. The main types of cars offered by most agencies are, in order of price, city cars, sedans and family. Then, depending on the renters, you can also access utilities or SUVs. But new categories, which are not necessarily found in all agencies, are emerging. Electric cars, vehicles equipped for winter, luxury cars or motorhomes are now part of some catalogs.

Choose your agency according to the rental period

In terms of car rental, there are occasional needs, such as an exceptional trip, or the need for a utility for a move for example or renting a car for a wedding. There are more regular needs for which some agencies offer discounts according to customer loyalty. And then, there is also the permanent rental that replaces the purchase, long-term lease LLD  or rental with option to purchase LOA. Here again, each rental agency can have its favorite areas and offer better services and rates according to one or other of the formulas.

Choose your rental agency according to the network

When renting a car or suv and truck car rentals delete for a long journey, it is important to be able to benefit from a network of agencies wherever you go. Indeed, obtaining the replacement of a rental car out of order will be less restrictive in a renter who has an agency nearby. The extent of networks is not the same at national, European or global level. It is, therefore, an important criterion of choice.

Open a car rental agency: what steps?

Are you passionate about the automotive sector and would like to open your car rental agency? No precipitation! This market has some peculiarities that you must understand before launching your agency. 

The area of car rental is an extremely concentrated market. Most of the market is dominated by a handful of players and the initial investments are quite high. For all these reasons, joining a franchise network can be particularly interesting to open a car rental agency.

What training to open a car rental agency?

Generally, before setting up your agency, it is recommended that you have previous experience as a car rental company account manager.