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Welcome back to Car Rental University! Host Alex Withrow discusses private agreements in car rental businesses, addressing the pros and cons, potential issues, and his personal experience. He emphasizes the importance of being cautious and prepared before getting into private agreements, providing valuable insights for those starting out in the industry. With experience in New York City, Alex shares his expertise on this business model and why he chose to stop doing private agreements. Don't forget to check out his five must-do tips before starting a car rental business. Let's dive into the world of private agreements and see if it's the right fit for you.