Are you thinking of venturing into car rental services?
Get all your app related queries for car rental services industry cleared in this all explanatory blog. With all the basic and advanced information to guide you through the know-how of rental car service app, give your entrepreneurial dreams the jump start to success. https://bit.ly/2L9hEhx
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How To Build Your Own Car Rental Service App? Do you want to start a business in transport industry but are looking offer something different than a taxi or moving services? There is a brand new startup idea catching wind nowadays, Car rental app development. No more managing drivers and worrying about giving the best ride experience as your customer will be the driver. You can add interested car owners to your database or simply partner with existing offline car rental services like Hertz or Get around. With annual revenue of $28.6 billion in the US itself for the year 2017, Car rental industry is growing in colossal size. Much of this revenue is still from offline business, with the advent of technology putting its feet in this new market this amount could double in just a couple of years. (Source: Auto Rental news) Uber the taxi service giant has announced on 11 April 2018 that it is partnering with Getaround, a San Francisco based startup worth $88 million through investments received from various companies including Toyota. There are other big established names that had already ventured in this industry namely, Turo and Car2Go. All of these is just happening in San Francisco right now with definite pronto expansions to other parts of the country. Turo was found in the year 2009. With investments of almost $216 million from the auto company ‘Daimler’ and insurance company ‘Liberty Mutual’, Turo became one of the first biggest names in the online car rental service industry. Their working model is of taking a 20% Excellent Webworld Page 1
cut in the rental fare, which it takes from the renting party. Recently in the April of 2018, Turo accepted on having 230.000 vehicles listed on its platform within four countries with a new partnership blooming with boutique rental car companies. Due to its partnership with Liberty Mutual, Turo also offers insurances on the vehicle and for the trip to the renters and rentees respectively. Turo considers itself a car-sharing company or marketplace where they connect people who need a car for a trip with people who are willing to provide one. No need to be unnerved by these large numbers of Turo as still the competition is very less in this market and you can definitely be the David to Turo’s Goliath. How Does car rentals work? It’s much similar to taxi services and yet easier. Rental cars work as users only need a vehicle for their short or long trips without the driver. Most of these car rental services are for friends and family trips. This means that it gets a lot busy in holiday seasons. These car rental services offer cars from station wagons for a large family to high-end luxury and sports cars, all for private use. You as a startup just need to have a database of car owners and rental businesses that offer these cars. You work as a mediator through your Car rental service app. All the maintenance of the car and costing is looked after the owners. The costs incurred for ongoing travel like fuel consumption, toll tax, etc. are paid by the user. You just offer an online portal for these renters and rentees to communicate and for that, you get a commission from each deal. The percentage of commission is decided between you and the vehicle owners. Your investment in this venture is just of building and maintaining the mobile app and holding an office to deal with the mediation. The car rental app development has immense potential to grow and prosper as a stand-alone business. How to build a Car rental app? To build an app you need a technical mobile app development team. You can hire such companies to build, maintain and periodically update your mobile app. The beauty in the app making is that these apps are very similar to existing online taxi service apps like Uber and Lyft so an Uber-like app development can be easily transformed and customized according to your needs and specification. Such Uber-like Clone apps have a basic structure of an ideal taxi service app. With proper tweaking, you can build your own on demand car rental service app today. Excellent Webworld Page 2
Features offered in Car rental service app Basic features: Vehicle user Sign up/Login to manage accounts for every user Renter profile Pickup and drop off location for the vehicle Ever updating Car details regarding its model, looks, comfort, etc. Multiple payment methods for user Review of vehicle conditions by users Vehicle owner Sign up/Login to manage accounts for every vehicle owner Rentee profile Trip completion status Trip cancelation status Trip Fare Payment received Advanced features: There are many advanced features that you can add as per your app development budget. Some of these features are: Find and unlock available cars directly from your phone using wireless technology Giving an AAA-type road assistance service menu in the app Giving map points to nearby gas stations and motels to the users. Benefits of Developing Car rental service app Building rent a car business app will only bring benefits to your startup, yet to give you a factual and proper idea, here are some of the benefits of opting for a Rent a Car app development: Real-time vehicle tracking Giving an optional setting to the customer to let the app live track the location of the car for the security of the user, is a very useful feature when traveling through highways and going long distances. Excellent Webworld Page 3
Getting higher visibility In this day and age when everybody is on the internet, having your startup exist on the internet gives you higher visibility leading to more customer and higher revenue stream. Auto-Pilot business Building a self-sustaining app lets the growth be done on its own. As no negotiator is needed to make direct contact with users or car owners the working becomes automatic. Conclusion: Car rental app development is a brilliant idea that if built correctly can yield a lot of success. This business once setup grows on its own, giving you more time for improving business model for this as well as other ventures that you can work. If you find a good team of Top mobile app developers then half of your work is already done. Get the best cost for developing car rental service app. If you are looking for an excellent team of mobile app developers to build your own car rental service app or affordable car rental software solution for rental businesses then Excellent WebWorld is where your search ends. Excellent Webworld Page 4