First of all, be aware that opening a car rental agency subjects your future business to compliance with certain rules. 

Before renting vehicles, you must in particular:

Car rental company’s obligations

Explanation

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Provide your customers with information about the general terms and conditions of the rental.

Information on prices and rental conditions, insurance conditions, other additional services… 

This information must be accessible in the customer reception area or electronically, if the rental offer is made online.

Provide your customers with a quote before the contract is finalized.

This quote must include certain mandatory information, such as the validity period, your contact details, the unit price, the price without tax and with tax, etc.

Conduct a vehicle inspection before each rental.

Scratches, dents, broken glass… Everything must be noted before the customer rents the vehicle. Any defects found should be outlined in the rental agreement or vehicle condition report.

Request a security deposit.

It serves to cover costs in case of damage to the vehicle. You can also apply for a rent advance, which guarantees rent payment.

Take out civil liability insurance.

It must cover property and bodily damage suffered or caused by its customers, as well as theft and damage to rental vehicles.

Each vehicle will also need to be insured so that it can be driven and be covered in the event of an accident involving its customers.