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Old 3rd November 2010, 02:28 AM   #1
ironmike9110
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Default Limo Service

I just came up with an idea to buy limos (ive seen some online selling for around $40,000) and rent them out to people. Obviosly there needs to be a driver.

How would one go about something like this?

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Old 23rd November 2010, 02:33 PM   #2
DavidMort
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I guess that could be a great business to try, but of course all depends on the market in your area, first investigate the situation
good luck!

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Old 23rd November 2010, 04:02 PM   #3
LocalPrice
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Before spending $40K on a limo, I'd advise doing some research online to get a sense for the local competition and licensing requirements. Many states require limo operators to obtain a license with the state's public service commissions and may also require all drivers to have a chauffeur's license.

Also, a limo that may seem like a deal may be at the end of its useful life and may not be as valuable an asset as you first think. The clientele who regularly hire limos expect a new limo in very good shape.

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Old 16th August 2013, 02:34 AM   #4
Alleywatson
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Quote:
Originally Posted by ironmike9110 View Post
I just came up with an idea to buy limos (ive seen some online selling for around $40,000) and rent them out to people. Obviosly there needs to be a driver.

How would one go about something like this?
First, find out about the limo insurance, make sure the regulations in your area, get the limos and provide good quality of service.

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Old 18th August 2013, 11:38 PM   #5
panthervision23
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Just make sure you have a lot of money to buy limos. The limo is one of the world's most expensive cars.

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