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Car hire Business
Rank: Member Joined: 9/22/2008 Posts: 9
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Hi,SKerinas
Im kind of new in this site and been peeping on the discussions and think you guys are awesome,I'm legible for a loan and would want to buy a car and start a car hire business is anyone out there in this business who can give some insight on this,and let me know if it would be a good/bad decision?
Alrighty then!
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Rank: Member Joined: 8/14/2008 Posts: 107
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Av also bn toying with the same idea kiki and lukn for info. if u dnt mind mind we can share ideas,,or even be partners...
face your fears live your dreams...
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Rank: Member Joined: 3/17/2008 Posts: 567 Location: Nairobi
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Car hire in terms of you buy a can and give it to some guys to be giving you some fixed amount per month?
Its better you take that money and throw it down a toilet. At least that way youll have no stress knowing that your money is gone. Almost all the these car hire firms are crooked,I can tell you cause ive been there. Look for a previous discussion which talked of this extensively.
Be greedy when others are fearful,be fearful when others are greedy.
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Rank: Member Joined: 8/14/2008 Posts: 107
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good to know
face your fears live your dreams...
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Rank: Member Joined: 9/22/2008 Posts: 9
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thanks guys @ Pablo,thanks I've checked on the previous posts they've got quite some info Im still checking on them out will make up my mind,but im still taking your advice seriously. @ Myks,I wonder if you've checked on these posts too,give me your opinion after this my emails dennis.njuguna@gmail.comThanks again guys. Alrighty then!
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Rank: Member Joined: 12/21/2007 Posts: 63
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Only 30% of car hire firms are genuine. The rest are plain conmen. If u ever decide to enter that business,avoid the name 'THAMES EXECUTIVE',you will weep. Was with them and i saw horrors,even getting my car back was a hustle,immidiately i got back my car,I sold it & never looked back. Good luck.
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Rank: Veteran Joined: 9/11/2007 Posts: 816
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@ Andycapp thanks for the enlightenment on Thames Exec. I always thought they were reliable.... esp after advertising here on SK. Another one to avoid is Frank Travel .. based at Madaraka shops.... They were good to me for 3months.... then after that..... no money,excuses,excuses,excuses.... I had to pull a 'clande' move to get my car back. ..the queens language came with a ship and some of us.... picked the wrong container.
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Rank: Member Joined: 4/18/2007 Posts: 3
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All that has been said about Car hire is true,i am a victim myself you better do something else,you can even buy the stocks with the money now that all the counters are down.
MONEY CAN BUY YOU A HOUSE BUT NOT HOME
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Rank: Member Joined: 9/6/2007 Posts: 132
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The buisness is best with u manging it yourself ie buy your car get the clients yourself altenatively dont give your car full time get someone in the buisness and give your car when a job comes up eg I have a client who needs the car for three weeks your middle man calls you up informs you the same you deliver the car you get paid upfront the middle man gets a commision of 500 a day so if the car goes for 21 days client pays 3000 per day and signs contarct as well as give you his location and id he pays 63000 you pay the middle man 10500 and you pocket the rest.
jnn
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Rank: Member Joined: 8/20/2008 Posts: 83
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Check this link The information provided by Baite is real case scenario of what happens with car hire and taxi hire firms Avoid the business unless you are prepared for traumatising experiences http://www.stockskenya.c...x?stk=1004&top=4958
The definition of your enemy is: 'Your former friend'
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Rank: Elder You have been a member since:: 6/19/2008 Posts: 4,268
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A friend of mine had bought two cars... they were good the first three months. after that,drama started. she managed to get one. the other one,she had to involve Kingori Mwangi's boys to get it!!! Infact,she is selling it off.
I wouldnt touch it with a long long looooooong stick!
Some deals are like glass. Sometimes it's better to leave them broken than try to hurt yourself putting it back together.
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Rank: Elder Joined: 8/1/2008 Posts: 1,432 Location: Marsabit
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Like Mchuuzi said,car hire makes more sense when you manage the car for yourself and not when its being managed by other people. It's a rather risky business and you must be very careful even when managing the car yourself. I manage mine for myself as well and i must say,the returns are not that bad and i have a solid client base by now after doing it for one year. But even with this,you must be ready for some challenges here and there and you must trend very carefully but it's still better than hiring it out to a firm. Advice is what we ask for when we already know the answer but wish we didn't.. Nevermind what haters say, ignore them til they fade away - Just live your life
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Rank: Elder Joined: 7/10/2008 Posts: 9,131 Location: Kanjo
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leona,what are these challenges here and there when you are the manager of the car? When the power of love overcomes the love of power,the world will know peace. i.am.back!!!!
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Rank: Member Joined: 12/24/2007 Posts: 8
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If you ask me i think personally it's a venture like any other with it's share of associated risks just like any other venture...well what determines you surviving is how witty you can get and shrewd you are ....of course you gotta get your fingers burnt...then you learn some more...I've been in this particular industry as a broker you'd say.....though i'm tryna work to get my own fleet...it takes hear Kiki
Keep it positive Irrespective of the situation
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Rank: Elder Joined: 8/1/2008 Posts: 1,432 Location: Marsabit
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@harrydre,Its solely you and the car,so if you give out the car,you have to be on toes coz if something happens the client will definately call you up regardless of the time. At times,there is no steady business for a number of days in a month(like now when the economy is down) so you cannot really put all your financial hopes in the car. Then there is also the risk of hooking up with the wrong middlemen to source clients for you,they tend to bring in all manner of clients to you and insisting they know them well then you learn this were just lies after something has happened to your car! But all in all,if you get clients who want to hire the car on long term basis,it's less strenous and good for the pocket. Advice is what we ask for when we already know the answer but wish we didn't.. Nevermind what haters say, ignore them til they fade away - Just live your life
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Rank: Member Joined: 9/22/2008 Posts: 9
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Thank you all,i knew i would get concrete info and advice from you guys,and I'm re-reading all comments you would know how greatfull i am.
@myks,im sure youve been folling the threads given and advice from this,so what's your decision? on this. sawa?
Thanks again all,for the contributions.
Alrighty then!
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Rank: Member Joined: 5/15/2008 Posts: 38
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@Leona
Are you in this business and if you are,are you managing it yourself? .
A long journney starts with the first step
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Rank: Member Joined: 8/14/2008 Posts: 107
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Bn following the posts,and askin around. Weeeell,me thinks one's gotta be carefull,,its a biz that can make and also break one.But its worth coz there is no biashara without risks,,and usually the higher the risk,the higher the returns.
face your fears live your dreams...
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Rank: Member Joined: 5/15/2008 Posts: 38
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@Myks
Every business has its own risks. I think a car hire business would be better if you manage for yourself.
A long journney starts with the first step
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Rank: Elder Joined: 8/1/2008 Posts: 1,432 Location: Marsabit
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@Thatcher,yes am in the business and i manage the car for myself. Check the responses i made below to harrydre and mchuuzi(or someone else..) Advice is what we ask for when we already know the answer but wish we didn't.. Nevermind what haters say, ignore them til they fade away - Just live your life
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