This month marks three years in the car rental business, and we’ve learned some expensive lessons along the way. In today’s video, I’m breaking down three major mistakes that cost us over $250,000-mistakes that you can avoid to make your car rental business more profitable.
From buying the wrong vehicles and partnering with the wrong management company to not having a mentor, we’ve made it all the hard way. Here’s what we wish we had done differently:
🚗 Buying the Right Vehicles for the Right Market - Why Tesla wasn’t the best investment and how we lost big on certain cars.
💰 Starting with Economy Cars Instead of Luxury - How financing expensive cars led to constant financial struggles.
📈 Not...