Renting one's vehicle out...
Discussion
Hi
I'm barely using my V8 Vantage and wondered whether it's worth renting it out to people? I see it's a growing market and a number of companies springing up offering to take the hassle out of it. Worth going through one of them?
Alternatively, if I was to organise it all myself, how do I go about getting appropriate insurance for randomers to come and drive it?
Thanks
I'm barely using my V8 Vantage and wondered whether it's worth renting it out to people? I see it's a growing market and a number of companies springing up offering to take the hassle out of it. Worth going through one of them?
Alternatively, if I was to organise it all myself, how do I go about getting appropriate insurance for randomers to come and drive it?
Thanks
I personally wouldn't but I am very precious about my car.
How would you offset the income from doing so against the new clutches/tyres required (these people are not going to respect your car) and being mechanical components/consumables aren't really picked up on return condition reports
How would you offset the income from doing so against the new clutches/tyres required (these people are not going to respect your car) and being mechanical components/consumables aren't really picked up on return condition reports
You could price the risks in objectively. Tyres £300 each, clutch £3,000.
Rentals come with mileage limits which are expensive to increase, so say a weekend rental does 300 miles (London to the Cotswolds and back). Generally, people don't intentionally drive these cars badly when they rent them, and some of the renters will be better/more careful drivers than you are. If you need a new clutch every ten rentals, say, which seems extreme, that might still earn you £10K for an outlay of £3k.
Rentals come with mileage limits which are expensive to increase, so say a weekend rental does 300 miles (London to the Cotswolds and back). Generally, people don't intentionally drive these cars badly when they rent them, and some of the renters will be better/more careful drivers than you are. If you need a new clutch every ten rentals, say, which seems extreme, that might still earn you £10K for an outlay of £3k.
I don't think (please don't take offence) that a V8V would do very well. If it was very cheaply priced then maybe but then you're hiring to the wrong type of people.
I'd say a weekend (Friday to Monday with 300 miles) you'd probably get £700-£800 for it.
Take out insurance (Circa £150 for the weekend)
30% Commission for the company
I honestly wouldn't bother. You'll be lucky to get more than a few hundred quid for a weekend and in my opinion, it isn't worth it.
I'd say a weekend (Friday to Monday with 300 miles) you'd probably get £700-£800 for it.
Take out insurance (Circa £150 for the weekend)
30% Commission for the company
I honestly wouldn't bother. You'll be lucky to get more than a few hundred quid for a weekend and in my opinion, it isn't worth it.
Du1point8 said:
Who had/has the Lambo with the 200-300k of mileage that he bought and partly funds by allowing people to do track days with him sat next to them.
It was a 54 orange Lambo (brand new) so has been going for some time.
He has had at least one, maybe 2 major rebuilds due to crashes.
That is Simon at 6th gear experience I think. The company has lots of exotic cars, all used for track experiences as any other track experience company.It was a 54 orange Lambo (brand new) so has been going for some time.
He has had at least one, maybe 2 major rebuilds due to crashes.
Du1point8 said:
Who had/has the Lambo with the 200-300k of mileage that he bought and partly funds by allowing people to do track days with him sat next to them.
It was a 54 orange Lambo (brand new) so has been going for some time.
He has had at least one, maybe 2 major rebuilds due to crashes.
simonspider.It was a 54 orange Lambo (brand new) so has been going for some time.
He has had at least one, maybe 2 major rebuilds due to crashes.
Soov330e said:
Du1point8 said:
Who had/has the Lambo with the 200-300k of mileage that he bought and partly funds by allowing people to do track days with him sat next to them.
It was a 54 orange Lambo (brand new) so has been going for some time.
He has had at least one, maybe 2 major rebuilds due to crashes.
simonspider.It was a 54 orange Lambo (brand new) so has been going for some time.
He has had at least one, maybe 2 major rebuilds due to crashes.
Ta
Gassing Station | Business | Top of Page | What's New | My Stuff