An Overview of the Car Rental Business

The car rentals business has certainly evolved in complexity since the first car was recorded to be leased in the early 1900s. The increasing reliance on automobiles to convey passengers to their desired locations has undoubtedly seen a significant demand in an industry that can only be described as highly competitive.

Starting up such a business as an individual requires meticulous planning and extensive research to minimise the many risks involved. Apart from the financial aspects to consider, scoping out the competition and looking into what is on demand in the market is more than worthwhile and could be the difference between running a successful business and sinking a ship amid a sea of sharks. One of the first things to take into consideration is what type of rental setup, whether it is contract hire or daily hire, would best meet the needs on the market. Determining what kind of vehicles will be on offer, whether it be prestige models, vans or cheaper older cars, is also an important factor to consider. When it comes to acquiring a fleet of chosen vehicles, there are a number of ways to do this. Vehicles can be purchased outright straight from the manufacturer, which has proven to be the riskiest and least cost effective way. Alternatively, they can be leased out from the manufacturer or be bought out through a guaranteed buy-back program where the supplier will set both a purchase and re-purchase price. There are even dealers in some countries that will purchase ex-rentals to be sold as second-hand cars to the general public.

The next step would be to decide on the location. A larger scaled operation might work best located within close proximity of an airport or railway station. Investing in security measures such as surveillance cameras would be ideal and reduces the risk of theft and property damage. The maintenance of rental vehicles should not be overlooked. Upon starting out in the rental business, one might like to look into negotiating with a local repair shop as a starting point from a financial perspective. You may find out more about rental cars for uber drivers in Adelaide.

Legally and logically, signing up for some form of insurance is a must. Time should be taken in researching what is on offer and how different policies can help the business and its customers. There are a few types of insurance contracts out there which offer additional coverage including accidental death as well as loss and damage of renter’s personal effects that can be offered to customers in addition to third party insurance.

It would be prudent to invest in the latest software available to manage the business and prepare invoices thus avoiding the burden of having to process manual paperwork, resulting in inefficiency and loss of time. Finally, a web developer, though expensive, could in this day and age improve traffic to the business as the internet provides customers with the convenience of booking online.

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Fix Your Bike At Home

Motorcycles need a lot of care to keep running at optimum standards. The multiple parts of a motorcycle need to be constantly checked and going to a mechanic every other week could be very expensive. Similarly, not checking everything frequently could result in very expensive replacements later on which could have been easily avoided. Following are a few ways in which you may avoid expensive replacements.

The Chains
Maintain and ¾” to 1 ¼’ sag at the mid-point of the bike chains between the two sprockets. This difference is used when moving over uneven surfaces allowing room for the bike suspension to move. Keeping the chains lubricated at all times will also help reduce long term problems from arising. When spraying, make sure to get both right and left sides without dirtying the rear wheel rim while also spraying liberally so as to come in to contact with the sprockets. Having a center stand as offered by places such as ktm aftermarket parts will make this process a lot easier.

Fuel Maintenance
While this is often overlooked, try to check and replace a fuel filter every two years at least. If you do not frequently use the bike, do not run the risk of untreated gas in the bike after a six month period as by then it starts to break down and might damage the bike. Always check for wear and tear on the fuel lines and that the filter is clean and unclogged.

Oil – Checking oil levels and quality need to be done frequently. However, inspection done wrong can have disastrous effects. Maintain the bike at a constant level and must be inspected when cold, which is usually before a drive. Allow the dipstick to rest on the lowest thread rather than screw it. Also make sure no foreign matter falls in during the inspection. Always use a quality oil filter and change it either with every oil change which is recommended at somewhere between 2000 and 4000 kilo meters. If you are doing the oil changing at home, know your bikes low and high levels beforehand. While under filled oil level could be disastrous, so could over filing it.

Battery – Keeping the battery charged to a maximum is essential and do not require frequent checkups or replacements. Make sure to check the electrolyte level every month and do not top up with normal tap water which has minerals that can harm the battery, but use deionized or distilled water instead. Make sure to keep it clean with the top free of grime, inside free of sulfating, mossing or excessive sedimentation.

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