The rental car market is showing rapid growth, doubling over the five years from 2015 to 2019.
The following factors can help predict the market’s recent growth and future growth potential.
– With the opening of the sharing economy era. Cars have shifted from the concept of ownership to the concept of rental.
– Due to the impact of social distancing due to COVID-19. People refrain from using public transportation and the demand for rental cars and car sharing increases accordingly.
– The emergence of a new rental car market and various products such as electric vehicles and camping cars
Rent a car lahore business is growing!!
We will take a detailed look at the conditions and methods required to establish a new rental car company over the next three posts.
In this post, we will look at the reasons for disqualification when establishing a rental car company and the types of cars that can be used.
Since the rental car business (car rental business) is not a reporting system. But a permit system, you must meet the necessary requirements and register with the head of the local government.all.Since you must carefully consider the necessary requirements to prepare for car rental business registration. It is essential to first check laws such as the Passenger Transport Business Act. Below is
This is the registration clause, which is the first clause in the car rental business.
① A person who wishes to run a car rental business must prepare a business plan and submit it to the city/provincial governor as prescribed by Ordinance of the Ministry of Land, Infrastructure and Transport.
is being registered
② Passenger Transport Business Act
Any person who falls under any of the following items cannot obtain a license or register for a passenger transport business.
In the case of a corporation, the same shall also apply if any of its officers falls under any of the following items.
-
Adult guardian
- A person who has been declared bankrupt and is reinstated(??)
- Sentenced to imprisonment (??) or higher for violating this Act and the execution of the sentence is completed (including cases where the execution is deemed to have been completed)
A person who has not passed two years since the date of exemption
- A man who has been sentenced to probation of imprisonment or heavier punishment(?) for violating this Act and is currently within the probation period.
- A guy whose license or registration for passenger transport business has been canceled .
Passenger Transport Business Act
According to the law, anyone who does not fall under the above disqualifications can start a rental car business.
However, even if you meet the qualifications, you cannot operate a car rental business with all cars.
The types of cars that can be used in the car rental business are also specified by law.
The types of cars that can be used in the car rental business are the following cars;
-
Passenger car
1 of 2. Compact van
- Small van
- Medium-sized vans (applicable only to passenger vehicles with a passenger capacity of 15 or less)
As stipulated in the law, vehicles such as 25-seater buses commonly used in academies and kindergartens for commuting to school or large trucks used for commercial purposes.
Wu cannot be used as a rental car.
It is important to select a vehicle from the range of vehicles available for rental, strategically create a rental product, and purchase a vehicle within your budget.
It is an important factor in running a business.
In this post, we looked at the reasons for disqualification of applicants when establishing a rental car company and the types of vehicles that is used for car rental.
In next week’s post, we will learn about the exact registration standards for car rental businesses as prescribed by law.
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