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Welcome to Car Rental University! Today, we will discuss private agreements in the car rental business. Is it a great business model, worth it? What are the common problems and details to consider? Many viewers ask why I stopped using private agreements. Before diving in, check out the five things you must do before starting a car rental business. In New York City, I mainly operated through private agreements. Clients would rent cars for a fixed amount weekly, and I would add them to my insurance. While this seems ideal in theory, there are pitfalls to be aware of.