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Why is it worth renting your car to a management company?
Owning a car that spends most of its time sitting in a car park or garage is economically unprofitable. That is why the decision to rent out a car is becoming increasingly popular. Here are some key advantages of renting out your car with 7Cars.
Passive income without additional effort
This is an ideal option for those who value their time and are looking for additional sources of income. After all, you actually have a business on your car: the car works in a car rental company, and you make a profit. Searching for customers, making calls, checking documents, handing over keys — 7Cars takes care of all this.
Economic efficiency
Statistics show that the average private vehicle is idle about 70-80% of the time. It loses value, ages, and you continue to pay for its maintenance. Renting out your car is a way to make that time work for you, bring in real money every day, and offset maintenance costs.
A professional approach to the car rental business
7Cars has been operating in the car rental market since 2013, so we have a thorough understanding of the industry, customer needs and all the nuances of car rental.
A safe way to invest
Buying a car and renting it out is a reliable way to have an effective investment tool with a predictable payback period of about three years.
Scalability
This is the perfect start for those who want to build a business renting out cars. You can start with one car, assess its profitability, and then expand your fleet to 2, 5 or even 10 cars.
Legal transparency
The relationship is formalised by an official contract, and payments are made at fixed intervals. Therefore, you have legal income from renting out cars and confidence in the reliability of the cooperation.
The service is particularly suitable for:
- Owners of modern cars (up to 3 years old) who do not use them often.
- Entrepreneurs looking for additional sources of passive income without getting involved in service and operational activities.
- Investors considering buying a car and renting it out as a business strategy.
- Owners who want to rent out their car for a long term without the hassle of finding tenants.
How much can you earn from your car?
The cost of renting a car depends on the class of the car, its technical condition, equipment and season. However, even budget models are capable of generating significant profits that fully cover depreciation and provide net income.
At 7Cars, the owner receives most of the income, and the company takes a commission for service, marketing, customer selection, management, insurance, and technical support. Thus, earning money on your car actually turns into a partnership model: your resource is the car, ours is technology, customers, analytics, and risk management.
We take care of finding customers and concluding contracts, and ensure that your car is loaded at least 60% of the time during the year.
Example of the profitability of popular car models
The table below shows the approximate earnings for cars of different classes. The data is based on real statistics from the 7Cars fleet.
| Car model | Year | Period of rental | Vehicle utilization rate | Average monthly income, GROSS REVENUE | Average monthly payment to investor, NET (minus 7Cars commission, maintenance costs, and insurance) | Return per investor after car sale, in USD (Total ROI; CAGR; IRR) | Comment |
| MB GLE, 300D, 2,0 TDI | 2019 | 14 months | 73% | 2300$ | 1450$ | Total ROI (14 months) – 30%, CAGR – 25%; IRR – 33% | During its short period of rental (14 months), the car brought its owner 30% in additional capital. Substantial monthly payments. |
| Mercedes-Benz GLC, 2,0, АКП | 2019 | 30 months | 75% | 1900$ | 1100$ | Total ROI (30 months) – 51%, CAGR – 19%; IRR – 26% | A good case in the “light premium” segment. A fairly popular model in the rental market. Good profitability in US dollars. |
| Kia Sportage, 1,6MPI, АКПП | 2021 | 49 months | 89% | 1180$ | 563$ | Total ROI (49 months) – 111%, CAGR – 20%; IRR – 24% | Top case. Popular request among retail customers. Profitable case, significantly exceeding deposits or investments in real estate. High residual value of the car, low loss of value during operation. Over the entire rental period, the investment brought a 111% increase in capital for the investor. |
| Toyota RAV4, 2,0, 4*4, АКПП | 2019 | 16 months | 85% | 1150$ | 610$ | Total ROI (16 months) – 22%, CAGR – 17%; IRR – 24% | In a relatively short period of rental operation, the car earned its owner (after sale) approximately 16% per annum, indexed to the currency. |
| Toyota Camry, 2,5, АКПП | 2021 | 27 months | 73% | 1120$ | 790$ | Total ROI (76 months) – 58%, CAGR – 23%; IRR – 31% | In a relatively short period of time, the investor’s capital increased by 58%, with an annual return on investment of 23%. |
| Skoda Octavia, 1,6MPI, АКПП | 2019 | 76 months | 62% | 610$ | 360$ | Total ROI (76 months) – 90%, CAGR – 12%; IRR – 16% | Long period of rental operation, liquid vehicle. |
| Ford Fiesta, 1,6MPI, АКП | 2020 | 42 months | 74% | 385$ | 210$ | Total ROI (42 months) – 50,5%, CAGR – 12%; IRR – 16% | Low entry threshold for economy class cars (10-15 thousand dollars), liquid class of cars (no problems selling quickly), high residual value of cars. The investment yielded a 50% increase over 42 months for the investor. |
This is real data based on average fleet performance indicators. Payments depend on the class of vehicle, season, rate and rental format.
Terms of cooperation and car requirements
To rent a car through 7Cars, you must comply with certain standards. This ensures safe operation and minimises risks.
Basic requirements for the vehicle
- We accept foreign-made cars (excluding brands from China and Uzbekistan) that are no more than 3 years old and have basic equipment (electric windows, air conditioning, radio). Preference is given to European, Korean and Japanese brands.
- Mileage — no more than 50,000 km and excellent technical condition, serviceable airbags, seat belts, seasonal tyres of appropriate quality with at least 60% tread remaining.
These requirements allow you to rent out a passenger car in a condition that meets the standards of the rental service and reduces the risk of downtime due to breakdowns.
Terms of cooperation
- Revenue sharing: the car owner receives the lion’s share of the profit. The investor’s income is 70% of the revenue, and the company’s income is 30%. The 7Cars commission covers marketing expenses, managers’ salaries, office rent, and customer database maintenance.
- Payment schedule: you receive payments once a month according to a clear schedule. Reports for the previous month are provided from the 5th to the 10th, and payments are made from the 20th to the 26th.
- Assistance: we take care of communication with customers and the resolution of any force majeure situations (processing traffic accidents, notifying insurance companies, calculating repair costs and monitoring repairs, etc.). 7Cars acts as a guarantor of the customer’s compliance with the terms of the rental agreement.
- Standard terms of cooperation stipulatehat the costs of scheduled maintenance, major repairs, insurance (CASCO, OSAGO), purchase of safety equipment (GPS trackers), tyre replacement, and registration and deregistration of the car at the MREO are covered by the investor, but the company handles the operational side of things, agreeing on key decisions. To this end, the owner issues a notarised power of attorney for management and representation of interests (without the right to sell).
Why it is profitable to rent a car to 7Cars?
How to rent out your car — 5 simple steps
Practical cases: how much do partners earn?
The car spent most of its time parked outside his house, as Alexander works remotely and mainly used the car on weekends. At the same time, every year he spent money from the family budget on maintenance and parking.
After contacting 7Cars, we carried out diagnostics, arranged comprehensive insurance and motor third-party liability insurance, installed a GPS tracker and launched advertising for the car. This brand is quite popular with our customers, so the car brings Alexander a stable income (on average, 21200 UAH/month).
Once every 2-3 months, when Alexander needs a car, he reserves it and we pause the car in the system for a specified period of time. The main thing is that it is not pre-booked by a customer.
Client comment: ‘Before, the car was just a drain on my finances, but now it earns me money for my holidays. It’s very convenient that I don’t have to communicate with the renters at all, but I can always see where my car is right now.’
Iryna considered various options for the effective use of her capital and decided to buy a car and rent it out with professional management.
7Cars managers helped with the choice of configuration, registration, arranged comprehensive insurance, and launched advertising in the VIP car rental segment.
Iryna’s car is now operating at 85% capacity. Net income 31300 UAH/month. Iryna is already planning to buy a second car as another investment tool.
Client comment: ‘This is an understandable investment format for me: I see the reports, understand how the profit is generated, and can plan my budget.’