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 Getaround.
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% 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?
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?
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.
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
Admin Panel
Dashboard to handle every aspect of the app
Payment management
Reporting and analytics of all deals
Managing fares and commissions
Interactive statistics to stay updated
Full control over user and owner profiles
Advanced features
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
Real-time vehicle tracking
Getting higher visibility
Auto-Pilot business
Conclusion
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.
