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F.A.Q.
1.
I am interested in adding daily rentals to my business. What are my
options?
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a.
RENTAL FRANCHISE
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A Rental Franchise is one that you purchase a
county or region making you exclusive to the area. This cost is substantial
because one of the determining factors for pricing is the future earning
potential of the county or region you want to purchase. Buying a franchise can
start as low as $15,000 and exceed well over the $100,000 mark. As a
franchisee, monthly there will be “royalties” you might have to pay the
franchise company which are commonly calculated by you paying them a certain
percentage of your gross sales. Your rental company has their name and they
give you guidelines for the rate and vehicles you can offer. |
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b. INDEPENDENT RENTAL OPERATOR
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Being an
Independent Rental Operator
you learn by trial and error. You are held accountable for keeping up with
the current law changes in the Auto Rental Industry. It is not only your
responsibility for purchasing rental contracts, but also ensuring that all legal
language is printed and included on the contacts. As an
Independent Rental Operator
you use your own name for your business and you are able to select your own
inventory and decide what rates to offer. |
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INDEPENDENT CAR RENTAL
SYSTEMS MEMBER |
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You remain
Independent!
You are able to use your own name for your business. You select
what make/model cars you want to offer as well as deciding what your
rates will be. We give you the rental contracts.
ICR’s
contracts are approved to ensure that each contract is legally compliant
with all State requirements.
ICR TRAINS YOU, EQUIPS YOU AND
SUPPORTS YOU. |
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2.
What benefits do I get with my membership?
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The largest benefit, of course, is the
insurance. Our insurance rates are some of the lowest because: |
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a. |
We self-insure the first
$10,000 of all liability claims |
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b. |
Our member base is so large we
are volume rated |
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c.
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To insure proper education, our
training
seminars have been attended and approved by our insurance company.
Membership privileges give you access to
ICR’s partner for floorplans,
warranties,
garage liability, credit card set-up, and roadside service protection, and
much more. Membership also entitles you to receive discounts on software
purchases through companies such as DCS and Bluebird. |
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3.
What costs are involved to get started and what am I billed for
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after I
become a member? |
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ICR’s
membership lasts a lifetime. To join, you submit the insurance deposit and
membership fee, along with the start up documents. We
have found that on an average, a new member insuring 5 cars has an initial
investment of $1500 to $2000. |
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Each month thereafter you will receive your monthly
ICR bill. This bill
consists of two pages - a detail listing of all vehicles insured for the
previous month and the summary page which gives you the total of the insurance
premiums and the administrative fee. Any additional charges would be for
shipping, advertising supplies or enrollment in the roadside assistance program. |
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