She says during the set-up phase of your rental business, decide on the type of car that is most demanded to give you quick returns.“If you are starting small, two or three cars are enough.If you are going large-scale, you will need a fleet.
She says during the set-up phase of your rental business, decide on the type of car that is most demanded to give you quick returns.“If you are starting small, two or three cars are enough.If you are going large-scale, you will need a fleet.Financing To start your car rental business, Nakiwala says you can get a car loan from the banks.“However, before applying for a loan, you should have a business plan that has good chances of success,” she advises.Tags: Watching Tv Benefits EssaysEssay About France In FrenchProblem Solving ResumeDissertation On Banked BloodWriter Needed UkNy Bar Exam Essay Questions
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His advice is that you need a car with low fuel consumption.
Even a difference of sh200 in fuel price can affect your profitability, he warns.
Others commit a crime in the cars and do not report on bringing back the car or steal the cars,” he cautions.
You don’t have to create your own contents from scratch since it’s a complete detailed business plan.He recommended comprehensive insurance and liability insurance policies in case of damage to your car.Musa Kironde, who runs a school shuttle, says you can start small with your own car as long as it is licensed to do so.Car rental business is booming in Uganda because of more tourists pouring into the country and due to various events such as weddings and conferences.Many of the cars used for these activities belong to rental companies, but others are hired temporarily from individual owners.Kalanzi adds that offering unlimited mileage entices customers as will free chauffeur services.Besides, you must be willing to work on a flexible schedule, for example, during weekends, holidays and sometimes at night, he says.This article has over 436,319 views, and 97% of readers who voted found it helpful.It also received 15 testimonials from readers, earning it our reader-approved status. Vehicle rental is a very competitive industry that can also be quite lucrative.The licensing board inspects the car before issuing the licence, which ranges from sh50,000 for small cars, sh100,000 for minibuses to sh150,000 for a bus, per year.Requirements Rashid Kateregga, a lawyer based in Kampala, says an insurance policy for a car rental is vital.