Car Rental

Car Rental
Car Rental
Car Rental
Car Rental
Car Rental
Car Rental
Car Rental



A car rental is basically a car hiring agency or company that rents the automobiles for short periods of time by charging fees. The duration of the rent may range from few hours to a few weeks. It is a sophisticated form of a rental shop that has network with numerous local branches. Thus, a user may rent a car from one location and return a vehicle to a different location. Their offices are primarily located near busy city areas, airports, railway stations and other locations. The bigger players in the market also have a website of their own that allows online reservations. The car agencies are dedicated to serve the people who are in need of car for short durations. It may be because their car is temporarily out of order or service. Most of the users are the travelers who go to a different city to travel and need a car to roam in the city.

Depending on the varying sizes of their vehicles, car rental agencies can also serve the self-moving industry requirements by renting vans or trucks. In certain markets, the car rental agency also makes available vehicles like motorcycles or scooters. In addition to the basic rental of a vehicle, car rental agencies also offer extra products like global positioning satellite (GPS) navigation systems, entertainment systems, insurance, and even mobile phones. Car rental companies functions by buying or leasing a large number of fleet vehicles and then renting them to their customers for a fee.

There are various ways of structuring the rental fleets. Car rental operator may purchase the entire fleet and owned it completely. It is a risk category of vehicles as the car rental operator is taking a risk because he doesn’t know for sure the resell value of vehicle when it gets removed from the service. Apart from it, car rental operator may also lease the fleet of vehicles or owned it under a guaranteed buy-back program that is arranged through a manufacturer or manufacturer’s financial arm. These are called as ‘repurchase vehicles’ as the manufacturer determines the exact price of original sale as well as the repurchase price after the end of a defined term.
Source http://www.carrental.in/