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Subject:
Car rentals and sub-rentals
Category: Business and Money > Small Businesses Asked by: keready-ga List Price: $50.00 |
Posted:
04 Apr 2005 22:54 PDT
Expires: 04 May 2005 22:54 PDT Question ID: 505074 |
Is it possible to do a lease on a car and in turn to rent to other people? Example: I want to lease a van and then rent it out to college students. Is this generally possible? If so, what companies will support this kind of arrangement? |
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There is no answer at this time. |
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Subject:
Re: Car rentals and sub-rentals
From: clint34-ga on 05 Apr 2005 06:50 PDT |
You are CRAZY. I don't think it is possible, check the fine details of the lease you signed. It probably says no one other than you can drive the Van. Besides, college kids aren't particularly know for their safe driving habits. You would need some type of insurance they could purchase that would cover you. However, short of having a business that does this, I fear that you may be out of of luck. -Clint Not an expert, but not a dummy either! |
Subject:
Re: Car rentals and sub-rentals
From: myoarin-ga on 05 Apr 2005 10:23 PDT |
No, I disagree, you may not be crazy, but you must read your lease contract carefully. If you have a long term lease - not just one for the weekend from Hertz or Avis - a contract from or arranged by the seller of the van, you may be able to rent the van - but read the contract carefully, and ask the leasing company. And you will need special insurance. If your renter has an accident, it is pretty sure that your personal insurance will not cover an accident relating to someone's using the van under a rental contract. OH, Clint already mentioned that, but it bears repeating. |
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