Ever pondered over the idea of establishing and operating your very own car rental business? Stumbled over securing the essential commercial insurance?

Well, setting up and maintaining a car rental company is not only more cost-effective than owning a dealership but also generates a sweet residual income for you. Some entrepreneurs prefer to run their own private label car rental company, while others choose to list their vehicles on platforms like Turo or Hyre Car. Here’s where we, GF Auto Consulting LLC, step in. We can help you set up a car rental company based in Florida, including small fleet commercial insurance for the vehicles (and regular passenger plates). This allows entrepreneurs to pocket a larger share (up to 93%) of the revenue generated by customers when listing vehicles on Turo or Hyre Car. By accepting the insurance offered by these platforms, you’d only get to keep 60-70% of the weekly revenue. That’s a massive difference, translating to savings of $500-800 per month or more, per vehicle, boosting your net income.

Having been in the “car dealership set up” arena for many moons, GF Auto Consulting LLC has helped numerous clients add a car rental component to their dealership business for that extra stream of revenue. Serendipitously, a couple of years back, my business partner and I discovered an insurance agency offering affordable commercial insurance for smaller car rental companies (without the need to own a dealership). The cost ranged from only $190-$260 per month, depending on the vehicle. So, for those entrepreneurs who don’t want to operate a full-fledged car dealership, they can opt for car rentals with lower start-up costs. There’s no need for fixed costs other than insurance (unlike a car dealership that requires a physical location).

We, at GF Auto Consulting LLC, handle all the filing and necessary paperwork for your rental agency (for $3,500) – all you need to do is purchase your vehicles. This works wonders for entrepreneurs who can acquire vehicles from multiple sources (auctions, private owners, etc.), rent them out for 6-10 months, and then sell the vehicles to buy new ones. If you need assistance with that, we can set up a wholesale license for you, enabling you to buy vehicles directly from Dealer Auctions and sell them to your Rental Car Agency.
The best part is that you decide how long to keep your vehicles on the road and when to sell them through Dealer Auctions due to mileage. You also determine the rental prices for your vehicles, potentially making more with specialty vehicles like electric cars, luxury cars, or exotic vehicles.

The initial payment to our firm for the set-up (LLC or Inc, insurance, occupational license, and miscellaneous fees) is $3,500. Additional fees include $1,000 for a mandatory automobile membership (for insurance qualification) and the first month’s deposit for vehicle insurance ($190-$260 per month, depending on the vehicle). The optional add-on Concentric software for managing your car rental business allows you to take reservations, payments, and create passenger contracts for each rental. In total, you’re looking at an investment of around $5,000 for a complete start-up. No monthly rent, telephone, or other fees to pay, other than your monthly car rental insurance. Embrace the opportunity to shape your future and contact GF Auto Consulting LLC to begin your journey as a car rental company owner.

As you can see, we are committed to supporting entrepreneurs like you in realizing their dreams of owning a car rental company. Our comprehensive services and industry expertise will guide you every step of the way. Reach out to GF Auto Consulting LLC today and take the first step towards a brighter, more prosperous future.
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