Originally Posted by
Mobile 155
Looking at the cost estimate he made, and I believe there are some additions where some subtractions should be. If you rent a car for $10.00 an hour and pay someone to drive it $18.00 and hour you have a negative profit of $8.00 an hour. Unless you charge more than $18.00 an hour. That is not a money making deal. A quick check of the competition would indicate you need to lower the prices even more.
https://www.zipcar.com/
as far as insurance goes anyone that has ever tried to add family members to car insurance knows anyone under 25 drives the rate through the roof.
If it is a business you need a license and just maybe high medical coverage on the medical portion of the car policy.
The conspiracy rears its its ugly head. Just imagine submitting this business plan to a bank?
Yes!!
And around here, with the quantity of university students looking for quicker ways to get to and from the university from outlying suburbs at all hours of the day and night, you'd definitely need "under 25" insurance, and not just for one family member ... you'd need "under 25" insurance for an unlimited number of people.
And as we know, if you're under 25 when you rent a vehicle, there's an extra surcharge. I quote from the Hertz rental site:
You and any person driving the vehicle must be 21* years of age or over
*An age surcharge will apply for all drivers, including additional authorised drivers on the rental agreement, who are aged between 21-24yrs.
The surcharge is capped at 7 days for every 30 day period And depending on the vehicle the following fees apply :
Passenger Vehicles: $16.50 (per day)
However, Hertz recommends looking into Flexicar for young drivers in Melbourne.
Flexicar.com.au:
@
tandempower ... you can have a look through the FAQ to find out more.
Flexicar.com.au: Faq