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In this episode of Car Rental University, host Alex Withrow discusses private agreements in the car rental business, addressing their viability and associated challenges. He frequently receives inquiries about why he ceased using private agreements, prompting him to share insights derived from his experiences, particularly during his time running a car rental business in New York City. Withrow emphasizes the importance of reliability in potential renters and the financial aspects of these agreements, mentioning a common scenario where individuals consider renting their cars for about $400 a week. He invites viewers to access a resource on essential steps for starting a car rental business.