https://turo.com/gb/en/car-rental/united-kingdom/carculator
Examples from the page above.
1 | Fiat Punto | 204.7% Annualised ROI
Estimated vehicle value: £5,750.00
Annual vehicle loan payments: £1,274.08
Average annual earnings: £3,881.95
8 | Dacia Sandero | 111.1% Annualised ROI
Estimated vehicle value: £7,397.00
Annual vehicle loan payments: £1,639.02
Average annual earnings: £3,459.83
My Rough Business Plan
Vauxhall Astra (Automatic) £9k
£2000 Deposit + 6k finance @ £187 a month @ 13.9% apr for 48 months
8 hours work needed (up 2 cars) a month – £80 a month (administration cost) – £40
aim is to return capital invested after 2 years – £84
target 15 days rental a month on average need to cover at least finance – £13 a day
target 15 days rental a month on average needed to cover minimum financial targets – £21 a day (187+40+84)/15
Average revenue over year needs to be £315 a month
2 year exit – car needs to be renewed at 2 year point assumming 50% depreciation on the car
Revenue (315*24) = 7560
Return from car sale = 4500
Total Revenue = 12060
Finance Deductions (assuming no further fees required) = 4488
Servicing + other expenses = £1500
Pre Tax Profit = 6072
Administration cost already covered = 960
if assumed 2 people are investing and 1 is managing director managing director makes = £3996 and silent investor makes = 3036