Starting an exotic car rental businessBorrowing a Shelby Mustang or even a Corvette is fantastic entertainment for the lengthy weekend (or even a higher college reunion ). But for some, it won’t reduce it. Enter the exotic car luxury rental. Gotham Dream Cars does a criminal background check, a driving record check and a credit verify. The company also takes a $ten,000 safety deposit on prime. The lack of truly exotic vehicles to rent in the New York City area was the driving force behind Gotham Dream Automobiles, which opened in January 2004. And in the previous month alone, Enterprise joined a new carsharing pilot plan announced by the New York City mayor’s workplace, and became a fleet management partner of Voyage, a firm aiming to create autonomous automotive alternatives for communities across North America.
Kind a legal entity. Establishing a legal business entity prevents you from becoming personally liable if your auto rental business is sued. New York, Los Angeles, Miami, and Vegas have had some good results with exotic car rentals. Other than that, nearly every single other secondary industry (DC, Chicago, Nashville, and so on.) lacks the demand to support a effective exotic auto rental firm.
Lehmann-Haupt says Gotham Dream Vehicles started with a foundation of great private credit, a strong relationship with his banks and investors who had been confident in his enterprise model. Nevertheless, there is a massive amount of private risk. I have to co-sign every thing,” he says. John Kiland, owner of Rent-A-Vette …Read More