When an individual starts his own car rental business, he is likely to have been already acquainted with this industry in some way. Either they have worked as an employee to one of these companies, or they have worked within another business in a similar industry such as the car sales industry. At this point, they may have understood that, indeed, the car rental industry is an important one.
Generally, starting a car rental business is thought of to be simpler than starting a car sales business. However, once you look deeper into the fundamentals of each business, you can see that the procedures of car rental are far more complicated in both sales handling and managerial operations. This is, of course, because you are not selling single inventory units (cars), you are in fact selling allotted time for usage of a vehicle. You are selling a temporary service.
The main features you need to prepare when beginning a car/vehicle rental business are:
1- Obtaining liability insurance,
2- Building a small fleet of vehicles of which type you believe are in local demand,
3- Implementing and using a credible and advanced vehicle rental management software which can automate the back office and the sales handling.
4- Setting up a dynamic, service oriented website, integrated with the management system for real-time handling of customer service inquiries and bookings.
The management feature is, of course, service of what we offer at Rent Centric. It is important to note that in general terms, the word "software" can mean an application that is built on as little as one line of code or on an operating system that is almost infinitely more complex. In order to properly and efficiently manage a car rental business, it is important to have a comprehensive and easy-to-use system in which you can automate the complexities of time allotment, financial transactions, fluxuation of rates between seasons and strict accounting and planning. Rent Centricís abilities in this area are greatly recognized and our cost competitiveness is well known to the point where the value you get from our systemís delivery is simply par-none. If you're interested in starting a vehicle rental business, please feel free to contact us so that we can understand your objectives and explain to you how we can help with these four points noted above.