Money is an important factor when starting this type of business because it can cost a lot to purchase several different cars to then hire. Additionally, you will want to have desirable and luxury cars but ones in so that people have a wide range of options. Asset finance could be a good way to get your hands on the money required to cover the costs of the vehicles and other costs, such as a commercial space, staff, equipment, insurance and software.
Following on from this, you also want to make sure that you have a few vehicle essentials in place when starting a wedding rental business. This will include having wedding car insurance, which will offer important financial protection for your business. Keep in mind that these vehicles are often only used occasionally and often will have low annual mileage, but you will need protection for drivers and passengers.
In addition to insurance, you also need to keep the vehicles in the best possible condition – you do not want someone to break down in one of your cars on their special day! This is why so that the vehicle can be checked over and key maintenance can be performed. This should prevent issues from arising as well as prolong the life of each vehicle.
Drivers & Chauffeurs
You also need to consider whether or not to offer drivers for your customers. Although it will cost to , you will find that many people will want to use this service to save the hassle of driving themselves on the wedding day. You will want to make sure that every driver is properly vetted, that they have strong people skills and provide an appropriate uniform for them.
What to Charge
Pricing your service can be tricky as every customer will have different needs. This is why you need to consider the vehicle that they choose, the mileage covered, time of year and car expenses. You should analyze your competitors to get a good idea of what to charge.
Ways to Diversify
You could also diversify your business to bring in new customers. You could offer prom car hire, corporate vehicle hire and luxury car hire as additional services.
Hopefully, the advice in this post will be useful and help you to get started with your wedding car rental business.
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