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Welcome back to Car Rental University with Alex Withrow. Today, we will discuss private agreements in the car rental business. Is it a good business model? What are the potential problems and ins and outs? Alex used to operate his car rental business in New York City mostly through private agreements. Many people ask him why he stopped doing private agreements. Before diving in, check out the five things you must do before starting a car rental business. Private agreements involve renting your car to someone for a set fee, putting them on your insurance, and hoping everything goes smoothly. It may sound good in theory, but there are potential risks and complications to consider.
