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Hidden Risks of Car Rental Business Hidden Risks of Car Rental Business

Hidden Risks of Car Rental Business – Maybe you’ve read a similar or similar article, but this article is different because we have taken it from a trusted source, along with the hidden risks of the car rental business.

Car rental business is now just mushrooming. The large number of people who need to travel could be one reason. There are many advantages that can be obtained from a car rental business. However, of course there are hidden risks from the car rental business itself.

The name is also business, it is impossible to always be profitable. There must be something to lose too, right? There is no denying that this car rental business has its advantages and disadvantages. A business that generates lucrative profits, there must also be some hidden risks in it. These risks can arise if the owner cannot manage this business carefully.

Immediately without needing to linger, what are the hidden risks of the car rental business? Of course you have heard the term, “high risk high return” in an investment. So it is with business. A profit that can be obtained from a car rental business is actually directly proportional to the hidden risks that always haunt you every day. However, you can actually avoid all these risks and even reduce the levels, because every problem has a solution. Therefore, don’t be afraid to do business and just look at it one by one in the article below.

Business Rival

In this day and age, we cannot deny that there are more and more activists in the car rental business, from young people to even professionals in this one business. The rivalry of the car rental business does not only occur in big cities such as the area around the Soekarno Hatta Bandung Auto2000 dealer, even in remote areas, you will encounter many things like this.

Then what is the impact of the rivalry of the car rental business in one area or circle? Yes, the most risky thing is price competition. Then what is the solution to such business problems? Here are some tips that you can apply to avoid going out of business due to unhealthy business competition.

Provide Excellent Service and Differ from Other Car Rentals

This is the most effective weapon you can do to fight the rivalry of the car rental business in one circle of your area. You can provide different services, for example, such as one of the car rentals around the Soekarno Hatta Bandung Auto2000 dealer which has implemented a shuttle system. With the shuttle system, customers only need to wait at their house, and of course you can also find out the customer’s domicile to avoid unwanted things.

Promotion on various Social Media

Do vigorous promotions on various social media such as Instagram, Facebook, Twitter, Whatsapp, LINE or even you can create your own Car Rental Website.

Don’t Join the Price War

This is the mistake of most beginner car rental players. Never join in to slam prices, because this has a broad and prolonged impact on your business.

Build Collaboration with the Rival

This is what is called “Succumbing to Win”. Instead of you building rivalries in one circle, it would be better if you build a collaboration in finding customers and filling in the gaps in each car rental. Thus all will get a fortune.
Risk of Losing Vehicle Units

This is the risk that most car rental owners fear the most, that they have to give up their unit to be taken away by lecherous customers. As you know, that in Indonesia lately the embezzlement of rental cars has become more intense. But don’t be afraid, you can handle this and prevent it with the following things:

Installing the GPS Device

The first thing that is mandatory for every car rental actor is to install a GPS device on each vehicle unit. With the installed GPS, you can monitor the current direction and location of the unit you are renting. So, for this one thing, you can ask the officers at the Soekarno Hatta Bandung Auto2000 dealer for help. You can request a device according to your needs and budget.

Verified Customer

Make sure you rent a vehicle unit to a customer whose origin you know clearly. If necessary, you can apply a shuttle system. Make sure the address printed on the identity card (KTP, SIM) matches the address where you are sending the vehicle unit.

Several car rental companies in the Bandung area, especially the area around the Soekarno Hatta Bandung Auto2000 dealer, have even implemented a Verified Member Card system for their loyal customers, maybe you can apply this too.

Rental Terms and Conditions

This is what car rental owners often neglect to implement. Dream of chasing deposits, uh the car was taken away. Several terms and conditions for car rental must be fulfilled by the customer, such as the number of required documents and the system requirements for the key release.
Accident Risk by Customer

This risk also often haunts car rental owners in various areas, especially in big cities such as around the Soekarno Hatta Bandung Auto2000 dealer. His name is also a disaster, who could have predicted that would happen right? However, you must be able to minimize this will happen. Here are some tips that you can apply:

Routine Check the Condition of the Vehicle Unit

Make sure every unit of the vehicle you rent is always in prime condition. You can ensure the condition of the oil, tires, and so on by doing routine service every month at the Soekarno Hatta Bandung Auto2000 dealer service area, for those of you who live around the area.

Check Customer SIM

Make sure the customer who will bring the unit must have a SIM according to your unit type.

Unit Damage Compensation System

Apply a compensation system for each unit of the vehicle that you rent. Don’t hesitate and be afraid to give information about the compensation system to your customers, and always check the condition and completeness of the vehicle before and after being rented.