How can one mitigate against the risks involved in car rental business?

Niyi Briggs

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Car rental business involves giving out cars for people to use for a short period of time in exchange for an agreed fee. I am always scared about the risk of someone running away with the car you rented out. Don't even tell me about car trackers because people find their way round it. What are the realistic ways to prevent someone from running away with your car?

 

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Bisolami

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• Dec 18, 2022

• #2

Niyi Briggs said:

Car rental business involves giving out cars for people to use for a short period of time in exchange for an agreed fee. I am always scared about the risk of someone running away with the car you rented out. Don't even tell me about car trackers because people find their way round it. What are the realistic ways to prevent someone from running away with your car?

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There is a way you can track your car when it is not with you so I think using a car tracker will be a nice idea so that they will not run away with your

 

Shavkat

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• Dec 20, 2022

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I think we need to be vigilant with this idea. Hiring someone needs to pass requirements, such as police clearance, and the like.

 

cherry123

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• Dec 20, 2022

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Try to know who you are dealing with to avoid getting yourself into any form of issues like kidnapping and the rest.

 

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Bisolami

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• Dec 20, 2022

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cherry123 said:

Try to know who you are dealing with to avoid getting yourself into any form of issues like kidnapping and the rest.

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And that is why we also need a car tracker so that even if the car is far away from us, we will know where the car is

 

cherry123

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• Dec 20, 2022

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Bisolami said:

And that is why we also need a car tracker so that even if the car is far away from us, we will know where the car is

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Sure anything to offer security to our selves and cars should be adopted fast.

 

eldavis

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• Mar 9, 2023

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I heard of someone who is into this business, what he does is to collect their phone number, and house address then also have someone stand as witness, this person would also drop their phone number and house address, but the person renting the car has to drop a original copy of either their international passport or national id card. This would enable them track them.

 

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Bisolami

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• Mar 9, 2023

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eldavis said:

I heard of someone who is into this business, what he does is to collect their phone number, and house address then also have someone stand as witness, this person would also drop their phone number and house address, but the person renting the car has to drop a original copy of either their international passport or national id card. This would enable them track them.

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I think this is also a good idea as long as he's able to track a person whenever he wants to do so

 

Magnus2022

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• Mar 9, 2023

• #9

Apart from trackers, there is need to insure the cars in case of lost or accident. Insurance may be costly but it is far more beneficial than you may think. Again, modern advanced trackers can not be easy to identify by theives

 

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Bisolami

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• Mar 9, 2023

• #10

Magnus2022 said:

Apart from trackers, there is need to insure the cars in case of lost or accident. Insurance may be costly but it is far more beneficial than you may think. Again, modern advanced trackers can not be easy to identify by theives

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It is even a very important thing to insure your car because you never can tell what will happen so you should just make sure that you insure it

 

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Stardom22

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I other words that business is called car hire business. ln my country that business is very much lucrative. Mostly people would need the car to travel to their desired destination privately.

 

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King Belieal

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• Apr 12, 2024

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You would just need to have modern facilities installed on your car to be able to manage the risks in car rental business. There are gadgets that you install on your car that can stop your car when you sense it has been stolen.

 

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• Apr 12, 2024

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The car rental business is indeed very profitable in my country. That's because people would like to hire the car for the whole day traveling to the desired destinations for their own conveniences.

 

Kera

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• #14

There are technological devices that one can install in their cars to reduce the risk of car theft associated with car rentals business.