how is the market condition now, I am thinking starting a car rental company in London
2007-03-18 05:43:42 · 2 answers · asked by Wedko 1 in Business & Finance ➔ Other - Business & Finance
i had my own rental company for a while, now insurance takes a premium payment per year, also they take a percentage of takings so would be very expensive, if you buy cars then need £100,000 to just have 10 cars,lease them and your in danger of losing everything you have, be carefull and consider something a little less dangerous , big chance to earn little money ,
2007-03-18 05:50:54 · answer #1 · answered by andrew h 2 · 0⤊ 0⤋
This is not for the 'new starter' = it's too Capital intensive and it's too easy to loose your assets - Insurance will eat into any profits in a big way ...
Now lets see - I pick some-ones pocket, roll into your car Rental shop and choose the most expensive model going.
I hand over the stolen Credit Card and Driving Licence ... a few hours later (after a quick number plate swap) your car is in a shipping container bound for Japan or in a breakers yard up north .... and the Credit Card hasn't even been missed, let alone been reported stolen yet ...
2007-03-21 22:16:24 · answer #2 · answered by Steve B 7 · 0⤊ 0⤋