If you are thinking about starting a Private Hire or ‘PCO’ business, one of the first things you will need to do is choose the right vehicle. The type of vehicle you choose will have a big impact on the success of your business, so it is important to take the time to find the right one. There are a number of factors you need to consider when choosing a PCO vehicle, including:
1. The Size of The Vehicle:
You need to make sure that your vehicle will be big enough for all of your passengers and their luggage. This can be especially tricky if you plan on hiring minibuses for large groups of people. You should also think about how many people will be travelling on each trip – if there are going to be more than two passengers per journey, then it might be worth considering getting an extra-large minibus instead!
2. The Type of Vehicle:
If you are starting a new business in PCO vehicle hire in London, it is likely that you will be renting rather than buying. Therefore, it is important that you choose a vehicle that has enough space for passengers and luggage. You should also think about other equipment that may be needed for your business (for example, if you plan to offer wheelchair access). The size and weight restrictions imposed by local councils can also restrict the types of vehicles available in your area.
3. The Age of The Vehicle:
The age of your PCO vehicle is an important consideration as older vehicles are more likely to experience mechanical problems and cost more for repairs and maintenance. This can result in higher running costs for your business and cause potential delays for customers. It is also worth noting that some insurance companies may not cover older vehicles.
4. The Running Costs:
Running costs include fuel, insurance and maintenance. These expenses reduce your profit and make it harder to keep up with increasing business costs. As well as this, if you have a fleet of vehicles they will all have different costs so it’s important that you manage these expenses effectively in order to keep your business profitable.
The Bottom Line:
PCO cars are a lot of work, so be sure to research all the options before you make a decision! Make sure you consider all these factors before choosing your PCO vehicle.
Related Tag: Private Hire Vehicle.