How much money can I make?
This overview is a start, but it's best to speak directly with a NextCar and Priceless Car Rental franchise adviser to fully understand the many factors that support the economics and business model of the car rental and used car sales businesses.Key elements of the revenue model include:
Rental revenue
The average monthly revenue per unit (RPU) in 2022 was $1424. This is up almost 8% from 2021 RPU of $1320.Rental frequency(fleet utilization)
In 2022 the average NextCar and Priceless Car Rental franchisee rented their fleet 70% of the time, meaning 7 out of every 10 days the cars were making money for the owner.Margins on the sale of pre-owned cars
Due to a nationwide shortage in pre-owned car inventory, margins are at an all-time high.Prices will vary according to location (airports command a higher price), type of vehicle (SUVs command a higher price than a subcompact car), time of year (holidays command a premium) plus other competitive factors.
See NextCar and Priceless Car Rental FDDs for more details.
Which Brand (NextCar or Priceless Car Rental) is right for me and my market?
NP Franchising Group is currently recruiting franchisees for both brands. The best brand for you will be determined by a number of factors including geographic preferences, market layout, and market type.When you speak to our representative, they will be able to ask the right questions and narrow down the best brand for you in one conversation. The brands have similar value propositions and produce similar returns for their franchisees, so we would suggest keeping an open mind until we speak.