Do you want to start a car lease business by buying a franchise? If YES, here are 2 best car leasing broker franchise opportunities for sale and their cost. Car leasing is constantly gaining popularity in the United States because people now prefer leasing to purchasing a vehicle due to its many advantages, one of which is that monthly lease payments are generally less expensive than monthly car loan payments.
When your lease is over, you simply return the car to the leasing company. No more hassles trying to sell a used car – and the value of the vehicle at the end of the lease is not your problem. There are some cases where leasing companies overestimate the value of the car which results in a lower lease payment for you.
With the upward thrust in car leasing in the , experts predict that the car leasing market in the US will continue to grow at a CAGR of 2.57% up till 2022. One driver of this trend is the constantly increasing price of new vehicles, which makes buying a car out of reach for about 48% of the middle-class population.
These reasons and a lot more of them go to prove that the car leasing market is showing some promising signs and joining a car leasing franchise would make a profitable business idea for any entrepreneur. Car leasing is still gaining prominence is the United States, unlike the united kingdom where the practice is more acceptable, and there are more franchise car leasing businesses in the country.
For this reason, there are just a few car leasing businesses that offer franchise in the United States, and some of these businesses have their roots in the United Kingdom while spreading their tentacles to the USA. If you are interested in the car leasing franchise business, here are a few franchises you can consider.
2 Best Car Leasing Broker Franchise Opportunities for Sale and Their Cost
Green Motion is an award-winning global van and car leasing franchise, which was established in the United Kingdom in 2007. It operates in 26 countries of the world, including the USA. Green Motion leases greener vehicles that help reduce CO2 emissions and improve fuel economy.
In the US, Green Motion offers state franchises, with individual franchises available in every state. Initial start-up cost is £32,500 and a minimum personal investment of 40% – 60% for a standard location. Green Motion offers a full range of training services specifically developed to meet the various demands of modern consumers.
- Investment Amount: £20,001 – £50,000
Hertz is an American car rental company, operating under Hertz Corporation, which includes Hertz Rent a Car and several other vehicle-related companies, including Hertz Truck & Van Rental, Hertz Equipment Rental and Hertz Car Sales. Hertz Rent a Car is the original company, and has expanded into an international franchise with 145 locations worldwide.
Hertz is adding new franchises in the United States and Canada for a limited time, and is seeking sophisticated, entrepreneurial business people to join the company as franchise owners. The company is also seeking franchisees in countries beyond North America. Hertz franchisees receive training and assistance with pricing decisions, promotion and marketing, as well as access to the company’s state-of-the-art point-of-sale computer integration reservation system.
- Liquid capital required – $150,000
- Net worth required – $500,000