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Car leasing
Rank: New-farer Joined: 4/15/2013 Posts: 15
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I am thinking of purchasing a vehicle and leasing it to one of the reputable cab companies out there. Anyone who has done the same and has any advice or cautions? Thanks.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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greenbeat wrote:I am thinking of purchasing a vehicle and leasing it to one of the reputable cab companies out there. Anyone who has done the same and has any advice or cautions? Thanks.
I have not dealt with the cab companies before but I lease cars to expatriates and if lucky you can get one to lease yours for 1 year.
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Rank: New-farer Joined: 4/11/2013 Posts: 18 Location: Nairobi
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mawinder wrote:greenbeat wrote:I am thinking of purchasing a vehicle and leasing it to one of the reputable cab companies out there. Anyone who has done the same and has any advice or cautions? Thanks.
I have not dealt with the cab companies before but I lease cars to expatriates and if lucky you can get one to lease yours for 1 year.
I once thought of implementing this idea.
I learnt most cab companies prefer Toyota's esp Allions,NZE.
I learn't you cater for most of the expenses e.g service for the car.
They prefer new cars '06/'07 and a company like Kenatco insists on 3 mnths of using the car before they start paying 30k a month.
Its usually on agreed contractual terms.
I felt discouraged considering it's anew car i've bought.
Dig out more and share.
 In God I trust...
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Binti wrote:mawinder wrote:greenbeat wrote:I am thinking of purchasing a vehicle and leasing it to one of the reputable cab companies out there. Anyone who has done the same and has any advice or cautions? Thanks.
I have not dealt with the cab companies before but I lease cars to expatriates and if lucky you can get one to lease yours for 1 year.
I once thought of implementing this idea.
I learnt most cab companies prefer Toyota's esp Allions,NZE.
I learn't you cater for most of the expenses e.g service for the car.
They prefer new cars '06/'07 and a company like Kenatco insists on 3 mnths of using the car before they start paying 30k a month.
Its usually on agreed contractual terms.
I felt discouraged considering it's anew car i've bought.
Dig out more and share.
If you awant to lose your car or your car to be used for robberies try the business.At best your car will be misused and you will get stories.
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Rank: Veteran Joined: 11/20/2009 Posts: 1,402
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Rank: Member Joined: 11/8/2012 Posts: 257
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For cab companies you have to know who your dealing with.
I do lease vehicles myself planning to venture into cab business in the future after Identifying my niche.
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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@Mawinder, you are very right. Stories Kibao, pesa hakuna. It is matatu business done using saloon cars. "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: New-farer Joined: 4/15/2013 Posts: 15
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Thanks for the responses. Will do further fieldwork then decide and update on progress.
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Rank: Member Joined: 8/16/2012 Posts: 661
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Please @Admin,
Join this thread with that @Muheani provided a link to.
The information shared there is just too important for @greenbeat and everyone else intetested to miss. Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Get a car and its driver, you'll be in business. Hiring out a car to someone you hardly know is like giving out cash to an investor... they'll first satisfy themselves before (thats if you are lucky) think about you.
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