Why More Truck Owners are Renting Out Their Vehicles for Extra Income

Fri Feb 24 2023 03:59:35 GMT+0000 (Coordinated Universal Time) - QikTruck Media

Why More Truck Owners are Renting Out Their Vehicles for Extra Income

Gone are the days when owning or renting a truck was only used for commercial purposes. Increasingly, South African truck owners are venturing into different streams of income as a way to make extra money or supplement their monthly incomes. One such opportunity is truck rental, where truck owners rent out their trucks for a set period of time, earning additional revenue.

Whether you're a long-haul driver, roadside vendor or a business owner, you can benefit from truck rental. By renting out your truck, you can make a substantial amount of money. There are obviously great benefits that come with this cash generating side hustle.

To explain what is so attractive about truck rental, we’re going to explore the primary benefits that make it such an attractive source of extra income.

Convenience and Flexibility

The primary benefit of truck rental is the convenience and flexibility it offers. With truck rental, you can make money simply by renting out your truck to commercial customers who may be in need of a commercial vehicle. Who might need a rental truck? Well, they could be commercial enterprises who need to transport goods, construction companies, trailer parks, food suppliers, etc. All these companies need commercial vehicles to so they can transport goods.

In addition, the rental agreement you make will depend on your terms – how long the rental period is, when and where the truck is to be picked up, how much the rental fee will be and so on. With truck rental, you are free to choose the type of clients you work with.

Extra Revenue Stream

When you're looking for ways to make extra money, truck rental is an effective option. You can gain from the extra revenue stream without committing yourself to a full-time job. All you have to do is rent out your truck for a small fee and make some extra money. In addition, the rental fees for your truck can be quite sizeable. For example, a long haul truck could fetch you up to R2,500 or more a day or even more.

Also, if you offer your truck on a long-term lease, you could negotiate a higher rate. Plus, since truck rental agreements are typically quite flexible, you can adjust the rental cost to more advantageous rates when your vehicle is in high demand.

Durable Investment

Trucks usually have relatively long lifespans and are a great way to make money. Unlike cars, trucks are designed to withstand the rigours of abuse, making them a great investment opportunity. Once you make the upfront purchase, you shouldn’t have to worry about maintenance and repairs, especially if you take the time to choose high quality vehicles and keep up with regular maintenance.

A truck rental agreement allows you to monetize on your truck and use it as an income-generating asset. Not to mention, you also get to benefit from tax breaks when operating a business.

Efficient Customer Service

One of the biggest benefits of truck rental is that you can offer your clients a high level of customer service. You can ensure that your clients receive fast, reliable service and there are various ways to do this. Some of the ways include offering 24/7 customer support, hassle-free delivery, a wide range of rental options, and more. In addition, a well-maintained fleet also strengthens your customer service strategy.

It is clear truck rental is an attractive side hustle for people who want to make extra money. But with so many different rental companies out there, how can you make sure you choose the right one?

QikTruck is an on-demand truck and driver hire service that provides convenient and reliable truck rental services to commercial customers. With QikTruck, you get a first-class customer service experience, made easier with features like live tracking, rescheduling and more. Our customizable solutions, competitive rates, road safety standards and guaranteed managed services make us a reliable partner for your truck rental needs.

If you’re looking to rent out your truck and make extra money, then QikTruck is the perfect partner for you. Contact us today and see how QikTruck can help you maximize your revenue.

 

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