Starting a Car and Van Hire Business
- Price: £5.99
- Published: April 2016
- Type: Business Opportunity Profile
- Format: PDF
- What qualifications and skills are required?
- Key market issues and trends
- Trading, commercial and legal issues
- Further information
Car and van hire services provide rental vehicles to private and commercial customers on a short-term basis. Typical customers include tourists who need a car for the duration of their holiday, tradesmen and fleet owners such as courier service proprietors who require a replacement van while their own vehicle is being repaired, employers who need a company car for an employee or freelancer engaged on a short-term basis, and people who are moving house and intend to move their belongings themselves. Many car and van hire services supply vehicles fitted with accessories such as a baby seat, bike rack or sat nav, often for an extra charge. Some services specialise in the provision of vintage and classic cars, luxury cars or 'supercars'.
Car and van hire services that provide rental vehicles for hire periods exceeding three months, allow customers to pay for vehicle hire using credit, or sell or arrange insurance, may need to be authorised by the Financial Conduct Authority (FCA) or act as an appointed representative of an FCA-authorised firm.
This profile provides information about starting up and running a car and van hire service. It describes the skills required, the training available, the current market trends and the key trading issues. It also explains the legislation that must be complied with and provides sources of further information and support.