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Hello and welcome back to Car Rental University with your host Alex Withrow. Today's topic is private agreements in the car rental business. Is it a great business model? Is it worth it? What are the problems and ins and outs of it? Alex addresses why he stopped doing private agreements and offers a free guide on starting a car rental business. He shares his experience of running a car rental business through private agreements in New York City and discusses the common scenario where someone reliable offers to rent a car for a weekly fee. In theory, it sounds like a good idea, but there are potential complications to consider.