Navotar wins “Best Software” award at Software Suggest Recognition Awards 2021

We’re excited to announce that Navotar, an industry-leading car rental solutions provider, has won an award in the Best Software category at Software Suggest Recognition Awards 2021.

Software Suggest is a business software discovery and recommendation platform that lists, reviews, compares & offers a free consultation of business software solutions so that you’re guaranteed to find the best match for your business.

This feat is a testament to Navotar’s prolonged fruition displayed in its reputation of excellent performance and service.

We would like to take this opportunity to acknowledge our team that constantly helps improve the services we provide for our clients. We would also like to thank Software Suggest for their endless recognition of our efforts to better our product and give the clients the product and service they deserve.

How to start a Car rental business?

You must be wondering to yourself “How to start a car rental business” and embarking on that journey is an exciting experience. Watching an idea turn into a full-blown business where you call all the shots doing what you love is a great achievement. Many people often wonder about starting their own auto rental business but there are so many options and industries you can get into. If you are here reading this, you may have an interest in establishing a car rental company, let us tell you why this is a good idea.

There is a demand for auto rentals! Yes, even in COVID-19 times there is a demand for car rentals as people are opting to rent a vehicle instead of using public transport. And the numbers only keep going up, it is predicted that there will be an annual growth rate of 18.5% CAGR (compound annual growth rate between 2020-2024) resulting in revenue of USD 105,285 million globally by 2024. This shows that there is room for growth and that this is a service needed by people. The only way is up!

So, how do you start one of your own vehicle rental businesses? Keep reading to find out!

Getting started

There are many things to consider other than registering your business with the state – target audience, legalities, employment, etc. We have put together a simple guide with all the crucial steps you will need to take when starting your own car rental business.

Step 1: Type of car rental

starting a car rental business

Before starting you need to know and decide on what type of vehicle rental business you want to run. You have a few options to choose from: buying an existing car rental business, own a franchise, build your own company and brand, or work with a car dealership.
Whatever option you choose, each of these has its pros and cons. The important part is that you choose what fits your principles and goals best. Let’s look into these options:

Franchise

If you go for a franchise you will have to purchase the rights to the brand and business model of an existing rental business. There are many big-name franchises out there such as AVIS, Budget, Enterprise, etc.

There are pros and cons you need to consider before making your decision.

Pros: it is fairly simple to start your business as everything is already set up. There may be a higher cost for entry, however, you will be supported by an already well-established brand and guidance to launch and operate at your location. An added comfort is the franchise financing options.

Cons: you will not have autonomy over your business and the initial franchise fee may cost you tens of thousands of dollars. Know that the franchisor will control most of the business decisions as all locations follow the same business model designed by them.

Car Dealership / Replacement Rentals

This is ideal if you have a low budget to start with, as you won’t need a large fleet, to begin with. All you need to do is strike up a deal with a car dealership to offer rentals to customers who bring in their vehicles for repair. However, this usually means you will only have a very limited pool of customers to work with.

Independent Business

Having your own business is great – you get to call the shots, decide what your brand image will be, and answer to no one. However, with all that freedom there is a lot of responsibility. Building your business image from the ground up can be difficult, especially since you will be competing with more popular and established companies. Besides that, you will have to have the good financial backing to support all your operations.

Existing business

It seems like the best option as you are buying a business that already has a loyal client base, an established brand image, and the freedom to make your own decisions. But, there’s a lot to consider before purchasing a company.

You need to do some background research into the car rental industry, look at why it was successful, who is their client base, does it align with your goals, what you can do to improve it, etc.

Step 2: Target Audience

starting a car rental business

Your target audience will determine a lot about your brand image and how you want to market your services. The usual target audiences for car rental businesses are tourists, business travelers, people seeking long-term rentals, loaner cars for car dealerships.
The best way to get a good idea of who your ideal target audience could be is by looking at your location and the market demand for your business in your area.

Step 3: Building a Business Plan

starting a car rental business

Before anything, coming up with a good plan is key. Nothing can go forward without a foolproof plan. Planning allows you to explore business ideas, the pros and cons, and the unknowns that you will come across. It will also help your future investors and partners

You will need to think about the startup and ongoing costs of running a car rental, these include:

  • Money allocated for a fleet of vehicles
  • Fees you will charge per rental
  • Security
  • Financial projections for the next couple of years
  • An office space: rent and office equipment such as computers, high-speed internet, printers, etc.
  • Salaries for employees
  • Incorporation fees
  • Vehicle maintenance
  • Marketing plan

Step 4: Registration, License, and permit

starting a car rental business

Now that you have a plan in place, the next step is to establish a legal business entity. You have to register your business with your state/city, the registration process may differ from country to country. The registration process usually involves the filing of appropriate forms and the payment of a nominal fee.

Going for a business structure such as LLC prevents you from being liable if your auto rental business runs into legal issues. There are many other business structures you can opt for such as Corporations and DBAs. Always opt for a registered agent to protect your privacy and stay compliant with rules and regulations. The benefit of opting for an LLC or corporation will keep your personal assets safe and separate from that of your business, which is great in case of any legal action taken against your company.

Be sure to obtain all necessary permits and licenses; failure to do so could result in fines or a complete shutdown of your business. Your state/city would have specific local licensing requirements and permits for car rental businesses. Get yourself acquainted with a business attorney to help you with the ropes of applying for permits.

Step 5: Fleet insurance

starting a car rental business

Along with the above obtaining fleet insurance is beneficial in that it protects your business in case of a financial loss. The fleet insurance protects your fleet in the event of any physical damage. There is no set amount of cars needed to qualify for fleet insurance, depending solely on the insurance provider.

Step 6: Finances

Finanaces to starting a car rental business

Owning a vehicle rental business means your expenses will be complicated and sky-high, so you must get your finances in order.

Business bank account and credit card

Note that mixing your business accounts with a personal bank account will lead to messy and extremely risky things. If your business is sued personal assets would be at high risk.

Always have a separate business bank account as well as a credit card registered in your business’s name though you may have used personal money to fund the business. Doing this will help you get better interest rates, a higher line of credit, and more benefits. Remember to only maintain business transactions with these accounts and not others.

Other avenues of funding

Other than your initial start-up funding you can look into other funding options such as loans. There are many loans available for business; term loans, lines of credit, equipment financing, etc. A business auto loan can help with finance fleet cars, while an equipment financing loan will allow you to finance the purchase of office equipment such as computers, that also act as collateral.

Step 7: Rental Contract

rental contract

This is essential for all car rental businesses; it is an agreement made between the auto rental company and the client. All clients are required to sign this agreement before obtaining the rental. This contract will help avoid legal disputes that may arise, and both parties are safe. Have a clear set of terms and conditions, and what the client can expect from your service.
To make sure that your contract is sound, run it by a legal professional who has experience in handling legalities pertaining to vehicle rental businesses.

Step 8: Building your team

Team building

Now that you have everything set up, you just need a team of professionals to help you run the business. From receptionists to customer service personnel, to accountants running the numbers, and mechanics – you will require a myriad of personnel to run the operations. Apart from hiring the right employees for your business you also need to reflect on your duties as a responsible employer. Things to consider would be workers’ compensation and unemployment contracts.

Step 9: Car Rental Software and Website

Car Rental software

How frequently your customers keep returning depends on how your service is and how efficient your website and mobile app are. An easy-to-use, quick reservation process paired with attentive customer service can increase customer satisfaction.

If you are looking to incorporate car rental software into your business, Navotar’s vehicle rental software can cover you on all fronts. Navotar’s innovative and customer-friendly fleet management software will help improve your business. The cloud-based software allows you to access customer management, vehicle damage management, accounts, and more, all in one place. The software will be connected to your website and mobile application and is accessible via any smart device.

Investing in a good web developer to design a website representing your brand and services is imperative to retaining your client base and ushering in new business. Your website should include all the information required by a potential customer, as well as social media accounts that are directed to the website.

Car rental software

Car Rental Software

You’re in control. Stay up to date with the status of your vehicles and customer reservations 24/7 with our car rental management software

Online Reservations Plugin

Integrate the plugin on your existing website. Customers can now easily book online while you can easily keep track of bookings and reservations.

Website Development

Do you want to launch a website for your rental company? Navotar specializes in developing new sites according to the latest technology trends.

Step 10: Travel Network Sites

Travel Network sites
Once you have established a functioning auto rental website and rental software, the next step is to look to international travel network sites where you can upload your entire fleet inventory and garner an international client base.

With Navotar this is now available to all vehicle rental businesses using our Cloud Based Car Rental Software. Navotar has partnered with CRX which in turn is integrated to travel network sites like KAYAK, Car Trawler, Car Rental Express, etc., allowing rental businesses to access reservations made through these sites.

Step 11: Digital Marketing

starting a car rental business

In today’s day and age everything is digital, therefore using the digital platform to push your business forward is a great approach.

Social media is the best tool to use when promoting your business. Many social media apps like Instagram and Facebook come with business options that allow you to manage a business account and make promotions with ease. Running social media ad campaigns and coming up with collaborations and special offers for customers can also help in garnering a wider customer base.

SEO (Search Engine Optimization) is also crucial in helping your business rise above your competitors. SEO allows your website to show up on top in search results. This can be achieved by analyzing trends and using keywords in weekly blog articles that will push your brand forward.

Navotar is the number 1 Car Rental Software provider, our software is a one-stop shop for auto rental businesses. We specialize in developing user-friendly websites that are innovative and efficient. You can also gain access to the Reservation Plugin that will be integrated into your website; it allows customers to make online bookings with ease.

For more information on other fleet management tools, you can use for your business, visit our website.

In conclusion

Starting a car rental business can be daunting and overwhelming. There are so many steps and details that cannot be overlooked, however, with some patience and attention to detail your auto rental business will be up and running in no time.

Good Luck!

What to Expect with the Rental Car Shortage in the US

The summer is finally here! Vacation-goers are confidently yet cautiously stepping out into the open after the large-scale vaccination procedures across the US that started earlier this year. However, the post-COVID lifestyle has already changed drastically for everyone and this means, the way we went on vacations had also taken a much different turn. At the same time, the rental car shortage in the US market is making headlines and wreaking havoc not just in the rental industry but also in the auto industry.

The global undersupply of semiconductors had been aiding the rental car shortage since last year. But the problem never came to the limelight until travelers started on vacation spots within various states. This sudden demand for rental cars immediately caught up with the rental companies, resulting in numerous stranded and frustrated travelers raising complaints on per-day rental prices as high as $700 and hours-long waiting periods at the check-in counter.

Desperate times call for, what we describe as, ‘smart’ measures! Getting used to a new normal as with everything else in our lives seems to be the only option left nowadays. Luckily, there are quite a few industry tips that will help travelers to ease their rental car shortage problem.

There are still rental cars with decent prices

You just need to know where to look! Costco tops the list with catchy low rates and happy returning customers. Priceline meanwhile, is also another fair candidate that offers some of the most reasonable prices on the market. Meanwhile, Autoslash will help their clients to search across all car rental companies and apply any coupon or discount codes to find the lowest rate for a rental car.

Car rental off-peak season privileges

The spring and summer are certainly the best seasons to go outdoors and explore all your adventures. Even during these breathtaking seasons, several vacation spots are considered to be going through the ‘off-peak’. So, pick your favorite. This will help you to save up a lot on rental.

Car-Sharing

If your conventional car rental companies are failing to deliver to your expectations, there is the tempting option of renting a car from a host. Turo and Zipcar are definitely reasonable avenues in this regard and many travellers find it a pretty decent alternative to all their car troubles.

Book a hotel shuttle

This is indeed a convenient way to go about rental car shortages. You can discuss with the friendly hotel concierge to help you in booking an airport or tourist shuttle. And spend a good amount of time not worrying about the grim pandemic consequences.

Reserve the rental car earlier

The most tried and tested method these days is reserving your rental car way ahead. Almost at the same time as when booking other means of transport. This will definitely ensure a reasonable price tag and a reduced waiting period.

 

Do tweet us and let us know your favorite alternative to booking an affordable rental these days.

Where have all the rental cars gone?

The pre-pandemic era indeed seems a lifetime away when planning a family gateway or business trip in 2021. Life was simpler when there were airport rental cars at the ready for affordable rates. As with most things, however, it seems that we have taken our rental car privileges for granted for many years.

Forbes reveals that car rental prices have gone as high as $700 a day. With further startling prices being reported from all across the US. Many travelers who were accustomed to pre-pandemic rates are left distressed on various occasions over the last couple of months.

Since the pandemic paved the way for most US rental companies to make drastic decisions to survive. Hertz who owns the Dollar and Thrifty car rental and Advantage Rent A Car filed for bankruptcy last May. Europcar entered into a restructuring of its business. While the Avis Budget Group which owns Avis and Budget rental car brands had to sell 250,000 of its vehicles after a 40 percent revenue decrease. Avis Budget Group was not alone in deciding to sell off a significant portion of their fleets. Especially following the plunge in customer numbers and revenue, last year.

Post-vaccination travel with car rentals

The low number of vehicles in the industry hardly became a dilemma as the demand had dropped considerably in 2020. But the surge of travel in the post-vaccination period collided with the shortage of rental cars across the US, leaving many companies to offer over-priced rates to unhappy and disappointed travelers.

Despite large-scale vaccination procedures, travelers of the Spring break are cautiously resorting to the Rent-A-Car option. Rather than traveling by air or using taxis or uber. Those who used to travel abroad for vacations are also opting for in-house destinations due to various travel restrictions. All these had added up to the increasing demand for rental cars which the major companies are failing to live up to, at the moment.

Although rental companies are trying to find a faster solution to address the new normal. A separate problem in the auto industry has caused a major setback. Car production companies are stalled by a global undersupply of semiconductors. Following order cuts made at the onset of the pandemic and strong demand from other industries. Even with the forecast that this is only a temporary setback. The shortage had been an effective one, wreaking havoc both in the auto as well as car rental industries.

How to find an affordable rental car?

Almost all major car rental companies including Hertz are advising travelers to book their cars as early as possible. At the same time as their other means of travel are arranged. Opting for safer and considerably unpopular travel destinations within the US is also encouraged. Just to ensure travelers that will secure a hassle-free, clean car to enjoy their well-deserved vacation.

Why don’t you write to @Navotar and let our car rental software team know about how your car rental experiences have been during the Spring break this year?

Am I Responsible for Mechanical Failure of a Rental Car?

Is it time again for that much-anticipated trade fair, business meeting, or family trip out of state? Renting a car might just be the right choice for various reasons. But out of convenience, you will choose a rental car. But as with all vehicles, you will have to prepare for the worst. Because no one really wants their car to stop in the middle of nowhere after an unforeseen mechanical failure.

A rental car will be your responsibility until it is safely returned to the rental company. So, knowing what liabilities you hold will help immensely, when there are tough decisions to make. Especially, in instances where your rental car breaks down or gets into an unfortunate road accident.

Who pays for the mechanical failure damages?

Usually, three sources of insurance will cover costs of damage to a rental car;

  • The rental car company from which you hire the vehicle
  • Your personal car insurance
  • Your credit card company (you must have used their credit card to rent the vehicle)

The smart thing to do before hiring a rental car would always be to check with all of these sources. Find out how each of them will come forward to pay for car rental damages, in case there are any. It also goes without saying that you must read every condition and clause in the rental agreement thoroughly. This might help you avoid paying from your own pocket, for a hefty repair bill which you might not even be responsible for.

The rental car company must cover the costs of repairs are necessary due to a mechanical failure. They would assess and determine whether the car had been undergoing gradual deterioration or if the renter was responsible for his/her own negligence.

There, however, could be unclear situations where it is difficult to determine whether the breakdown occurred due to usual wear and tear, if previous renters were responsible or if the current driver was careless.

A few simple steps can save you from future mechanical failures,

  • Do a thorough check: Before leaving the parking lot make sure to check the exterior or interior of the vehicle. This includes any paint scratches or small dents. Check all the lights, tires, heat, navigation, wipers, sound system, etc. It’s always a safe bet to do a trial run in the parking lot to ensure if the car runs smoothly.
  • Take clear pictures: This is a very smart thing to do. Take clear pictures of the exterior and interior of the car, when you are picking it up as well as returning it, preferably with time and date stamped.
  • Problems down the road: If your car breaks down or faces any other issues, contact the rental company or its roadside assistance service, at once. Inquire what you should do next and how to handle repairs as well as charges. It is always advisable to follow relevant protocols, immediately. Failing to do so, most likely will put you at a disadvantage and will be a sure way to cost you more than what you hoped for.

It is always transparent and easier when you are dealing with your own car. You will know how much to spend on repairs, how the insurance will cover damages, or how to handle a mechanical failure. But all these variables are a bit different when it comes to a rental car. The best way to protect yourself against an unwanted repair bill or legal matters would be to know the rules, inspect the car, and document everything.

Tweet at Navotar Fleet Management Software team on Twitter and tell us all about your favorite car-trouble story.

What Are the Opportunities for SaaS Companies In 2021?

The year 2020 witnessed how the COVID-19 global pandemic influenced ripple effects across various sectors in the society and economies for years to come. The tech ecosystem was not excluded from the clutches of the Pandemic. But among all the negatives, some certain industries and sectors were fortunate to thrive amidst the chaos.

SaaS (Software as a Service) proved to be one such area where the techies from around the world were united to keep the innovative spirit alive.

This was already an industry that had a revenue projection of $223 Billion by the year 2022. But these projections escalated in 2020, as the industry saw a growth equivalent to three to five typical years.

It was mainly resulted by businesses having to go through unexpected repercussions of the Coronavirus outbreak. Overnight, businesses were forced to adapt their survival mode, cut down non-essential costs and implement immediate coping strategies that saw the introduction of new working patterns, tools and services.

Learning to manoeuvre Zoom online meetings, sharing large files across various online platforms and keeping track of e-mail outbursts, suddenly became the daily routine. And SaaS proved itself to be a saviour industry for all others during these tough times.

Some of the unique trends within SaaS are highlighted as key components for the industry’s projected further success in 2021.

Micro-SaaS

The demand for Micro-SaaS skyrocketed over the last nine months. This is a product that is highly focused on a niche market, with a limited but devoted customer base. It is designed to cater to the needs of a clearly defined problem of a user. Micro-SaaS products can either be stand-alone like Boomerang for Gmail, or an add-on to another product like Grammarly. This has now become one of the most interesting areas that SaaS techies are hyper-focused on.

Artificial Intelligence & Machine Learning

AI and one of its singular branches ‘Machine Learning’ have also become significant growth elements in SaaS. Software developers are integrating these into most of their mobile applications lately. It is forecasted that in 2021, more companies and businesses will utilize machine learning and AI to protect their data and users, in which they will be able to analyze potential threats while protecting themselves from malware, abuse and criminals.

Vertical SaaS

Another highly in-demand space where COVID-19 is ensuring creative opportunities as businesses are on the lookout for enhanced customer experience to drive revenue. Vertical SaaS offers customized solutions targeted towards addressing the pain points of specific sectors. This in turn further business value and improved customer satisfaction in terms of services.

Increased Spending on Cloud Services

The Worldwide Public Cloud Services Spending Guide has forecasted that global spending on public cloud services and infrastructure will more than double over the period of 2019-2023, with an increased value of up to $500 Billion by 2023. SaaS is the dominant category and it will be a catalyst for investment opportunities for all industries.

With ensured efficiency, enhanced productivity and user experience, SaaS is an industry that had only started to prove its worth. As you are reading this article, SaaS is evolving, adapting and learning. 2021 will surely accelerate the industry’s growth opportunities.

What are your thoughts on the projected success of the SaaS? Do tweet us at @Navotar and share your views with the Car Rental Software team.

Permits and Licenses Needed to Operate a Car Rental Business

The pandemic era has added a spiral trend to the US car rental market which is expected to grow at a comfortable pace with a projected market size of $22.3Billion, measured by revenue, in 2021. This means it could very well be a good time to go ahead with that business idea you have been planning around for some time.

Car rental is a lucrative industry. So, as with any industry of perks, it has also become one of the most competitive ones. In order to successfully establish and manage the business, you will first have to produce a bankable business model, find an ideal location and start building your fleet. The next most important step which cannot, at any time be overlooked is, to warrant that your business is legally compliant in all aspects. Failing to do so, will only leave you with hefty fines and in some cases, unavoidable lawsuits or worse; shut down of your business.

There are a few crucial licenses and Governmental permits that car rental business owners are often required to obtain. However, these requirements will differ by the state, locality and municipality. The relevant permits and business licenses are usually governed by local regulations related to general business operations. You will also need to obtain special Zoning permits to operate the business in an area of your choice.

Let’s start with licenses

Almost all the licenses required for a car rental business are governed at a local level. So, first, pay a visit to your closest finance office on any business day of the week. For a small fee, your license application can be submitted there, in which you will provide details such as the name of your business, what services will your business offer, the name of your insurance provider and the number of employees you will be hiring. It will be advisable to take relevant other documents needed to process your application at the time of its submission so that the authorization procedure will be much faster.

Once the authorization process is complete, the business will be issued a Certificate of Authority which will allow it to conduct business outside of the state you initially filed your company and the business license which grants you permission to operate within city limits, State and industry. Usually, these licenses must be renewed annually with a fee.

Your business is then expected to choose an insurer of your choice to maintain rental car insurance coverage and payment of a licensing fee to the State.

Permits

Depending on the area of residence, you may also need to submit a separate application to your State Government. The business permit issued by the State Government, without which you may not be able to open your business, will require you to maintain insurance records for the State Insurance Commissioner, adhere to local and city ordinances pertaining to Zoning laws and waste disposal.

Types of insurances

A car rental business must be protected by two types of insurances. First would be the liability insurance securing your business. The second will be offered to your customers when a car is delivered to them on rental terms which will consist of liability, loss damage waiver, personal accident and personal effects insurance. However, your clients, who should be a minimum of 21 or 25 years of age depending on relevant State laws, are under no obligation to accept coverage. Some of them are covered by their credit card issuer or their personal insurance policies.

Any other licenses?

Yes, yours is a business with a number of employees and a considerable fleet. The nature of the business will require you to obtain a Federal Tax Identification number and a State Tax Identification number as per the Zoning laws.

You must also know the types of cars to rent and the size of your fleet, well before. The business should maintain records of Vehicle Identification Number, the model, colour, license requirements, the tag, depreciation values and county ad valorem taxes paid for each vehicle. This information is expected for income tax reporting.

Things to keep in mind

  • Rental car businesses that operate at airports are subjected to concession fees.
  • All business owners are subjected to the City and/or State audits of financial records and regular on-site inspections.
  • Car rental businesses mandate potential customers to sign a service agreement prior to the start of a rental, describing client expectations while minimizing risk of legal disputes by clarifying service level expectations, payment terms and conditions as well as intellectual property ownership.
  • Maintain an efficient client database and payment system.
  • Ensure routine repairs and maintenance of your fleet.
  • Hire a good lawyer to keep check of all your contracts and legal documents.

Hope this information helped you while researching for your new business venture. The Car Rental Software team at Navotar wishes you nothing but the best!

Registering a Leased Vehicle in Texas

You may have moved to Texas or purchased a new vehicle, either way, you have to register your vehicle at the county’s DMV. Registration includes a vehicle inspection, registration fees, forms that need to be filled and recorded, and changing your license plate.

Registering your leased vehicle is a compulsory legal procedure. So, what are the steps needed to be taken to register your vehicle in Texas?

Applying for registration

  • Visit the local Texas tax office
  • Fill in an Application for Texas Certificate of Title form
  • You need to provide proof of ID, ownership, car insurance, and vehicle inspection
  • The registration incurs a standard fee of $51.75 (additional fees may apply)

If you are new to Texas

  • You have 30 days after residency to get your vehicle registered
  • Before going to the county tax office make sure the following are available: auto insurance and vehicle safety inspection (requires proof of auto insurance)

If all of the above is prepared, visit the local county tax office and show:

  • Proof of car insurance
  • Proof of passed vehicle safety test
  • Proof of vehicle ownership (registration or title from the previous resident state)
  • Completed Title form (must be filled for registration even if the vehicle has been titled before)

Afterwards, you are required to pay the registration fee which may include additional titling or sales tax fees depending on your situation.

If you have just purchased/leased a new vehicle the same steps apply, you have 30 days to get the vehicle registered and titled.

Registration fees

  • You have to pay a vehicle inspection fee to the inspection station, and a collection fee to the Texas DPS
  • The registration fees are between $30 to $54 depending on your vehicle, with motorcycles and mopeds requiring the lowest fee
  • You are also required to pay other local, state, county fees, and tax, that differs from county to county:

– Automation fee: $1

– TexasSure insurance verification fee: $1

– Local fee: $10

– Inspection fee: $7.50

– Processing and handling fee: $4.75

– The state charges a 6.25% tax rate depending on the vehicle

License plates and registration sticker

You will be provided with new license plates after registration, the plates can be replaced at the local county tax assessor’s office.

The county tax office issues the registration stickers which include:

– The license plate number

– The name of the county where the vehicle is registered

– Several digits from the vehicle identification number (VIN)

– The vehicle’s registration date

The sticker should be fixed to the windshield of the vehicle. The registration expires by the last day of the month shown on the sticker. There is a grace period of 5 days given by the state, if the registration is not renewed vehicle owners have to pay a fine of $200.

Bonus tips

  • Note that each county may have different requirements, some counties may ask for an emissions test to be eligible for registration.
  • The vehicle inspection date now coincides with the registration renewal date, you will be issued one sticker indicating proof that both criteria are fulfilled. For a first-time registrant, the vehicle inspection should be done before registering the vehicle.

For more information visit the official DMV site: https://www.dmv.org/tx-texas/car-registration.php

Have you registered a vehicle in the state of Texas before? Let our Car Rental Software team know what your experience was like by tweeting @Navotar.

Fastest growing SaaS Companies in 2021

SaaS (Software as a service) is taking over the business world by storm. It is cost-effective and efficient, allowing businesses to be more tech-savvy. SaaS allows any software to be accessed via the internet by using any device.

Why should you use SaaS for your business?

In an age where almost every person on the planet uses a smartphone, utilizing SaaS is the way forward. Forbes predicts a $223 billion revenue projection for the year 2022, and the number will only keep rising.

SaaS transcends almost all industries and has proven its use to be a substantial contributor to market growth. If anything, the tech industry’s billions of revenue have racked from SaaS is proof enough that it is here to stay.

The fastest-growing SaaS companies in 2021

1. Zoom

Now a household name for the whole world, Zoom was a relief during the pandemic. Many workplaces and educational institutes depended on this site to host online meetings and classes. The company’s product guidance recorded an increase of 330%.

2. Slack

The Slack communication platform, an alternative to the now cumbersome email, is all the rage in workplaces. It is convenient and versatile and allows users to plan projects and communicate efficiently. The company has experienced immense growth in a matter of 4 years.

3. Tractable

Tractable is going up the SaaS and Insurtech ranks as a practical and reliable software for rental companies and insurance providers. The software accurately assesses vehicle collision damage using an AI algorithm. This will change the way automobile accidents are assessed for insurance claims and repairs.

4. Phyron

Phyron targets the e-commerce, automotive, and real estate industries, these heavily rely on content for product/service marketing. Phyron offers simple and quick video generation without time or cost restraints. The software can host, stream, and render videos in no time and perfectly serve small businesses.

5. UserPilot

A very useful tool for software developers to improve user adoption and build the perfect in-app experience for customers. The product experience tool fits seamlessly with any interface, it pushes users to complete any onboarding actions and discover new features. Integration of UserPilot provides improvements to the user experience in a matter of minutes.

6. Navotar Fleet Management Software

Navotar Fleet Management Software is specifically designed for vehicle rental businesses. The innovative software allows for better management of your fleet and business. From driver behavior reports to maintenance scheduling, it handles everything. The Navotar Fleet Management Software is a great option for start-up rental businesses.

7. roomMaster

This is a hotel property management system; the intuitive software allows hotel owners to cost-effectively manage their business. The software handles front-desk management, revenue management, housekeeping and maintenance, and more.

 

If you are a small business owner, using SaaS practices will help make considerable improvements to the workplace and client relationships. These software solutions are cost-effective and user-friendly, making them easily accessible.

Handling a car rental business is complicated as it is and utilizing other SaaS strategies apart from car rental software will help your business in the long run.

Are you already using SaaS software? Let us know by tweeting @Navotar.

Will Self-Driving cars soon become the norm in the Auto Industry?

Almost everyone has dreamed about the self-driving car and that future does not seem very far away. However, the recent pandemic has dealt everyone a bad hand, but industry greats are doing their best to complete their projects.

The self-driving car which only existed in the imaginations of people will be real in a decade or so. Waymo (Google) is still the industry lead and the biggest competition for the other industry players. Considering the current situation, self-driving cars are proving to be the best solution for a contactless future and the demand may increase.

Self-driving cars are available to this day but are still at the trial stage. Developing A.I. which can learn to drive without the help of a human may take longer than anticipated. However, Tesla is trying to release their “RoboTaxis” by the end of 2021, will they succeed? Only time will tell.

Certain cars in the market already have some driverless features, such as auto-parking. There are still some drawbacks to going fully automated, one such drawback is ‘humans’. Pedestrians and other drivers may be unpredictable, and that’s a normal occurrence, but can we expect computer software to anticipate human behavior?

Car industry giants and tech heavyweights like BMW, Apple, General Motors, Amazon, and many more are looking to create their own self-driving car. The competition is high and every contender has something unique to offer. This proves that there is a market for driverless cars and many people will own a self-driving car in the near future.

With the trends pointing towards a future where all things may be automated, the possibility of driverless cars filling the roads is not a far-fetched idea. Fans of driving may not like the idea of self-driving cars but car industry trends are pointing towards the fact that driverless cars may be the new normal.

What are your thoughts on the concept of a self-driving car? Let us know by tweeting at the Navotar Fleet Management Software team.

What are the market Opportunities and Threats faced by Car Rental Owners?

The car rental industry is just healing itself from the aftereffects of the pandemic and economic crash that preceded it. With 2021 predicted to be the year the industry successfully comes back in full force, there are still some issues that need to be addressed and dealt with.

So what are the market opportunities and threats industry players would face this year?

 

Shifting the attention to the local market

Many car rentals depend on the influx of tourists all year round, from vacation tourists to business tourists cars rental companies always had business. However, with the COVID-19 pandemic and the travel restrictions imparted by governments all over the world, car rentals have suffered a loss.

Due to this, car rental companies can focus on the local market by employing smart and creative marketing tactics to encourage people to place a reservation. Many bigwigs in the industry offered discounts for healthcare workers and waived off cancellation fees. Others provided discounts for locals as many people who do not own a vehicle would have to use a rental to get about either for grocery shopping or to check on loved ones.

 

Competing with the ride-sharing industry

With public transport being out of the question amid a pandemic, many car-sharing companies have enjoyed an increase in demand. People have opted to travel in taxis and use carpooling services to get around as the exposure to COVID-19 is relatively less compared to buses or trains.

This poses a problem for car rentals as they now need to compete with ride-sharing companies which are relatively cheaper. However, rentals can have an upper hand in safety and use for long-distance journeys or long-term usage.

Consider reducing the price range to appease the local market and assure customers that strict disinfection procedures are followed to ensure their safety. Provide plans for long-term usage and offer discounts and other amenities and bonuses wherever possible.

 

Sell part of your fleet

Avis sold most of their fleet to alleviate the losses they faced due to the pandemic. This is a great tactic, however, note that the re-sale market was also hit by the pandemic and rates reduced considerably.

It is better to sell part of your fleet instead of letting it collect dust and rust away, any amount of revenue is good during this time. Rental cars usually have an upper hand over privately owned cars as fleet vehicles are relatively new and regularly maintained, making rental cars the better option for a used car buyer.

 

Use technology to your advantage

One way that the ride-sharing industry has an upper hand is it relying heavily on apps and websites. A versatile and user-friendly app simplifies the booking process and works great during a pandemic that requires people to practice social distancing.

Utilizing an app and/or a website for your rental business is the best decision and investment you can make during a pandemic. Many rental companies already rely on booking apps that are managed via fleet management software that allows for smooth bookings and online payments with 24-hour customer service.

Using apps and fleet management software can also help the rental business owner keep track of everything and ensure high-quality service.

 

In conclusion, there will always be threats to the rental industry, and business trends will keep changing, how you adapt to these challenges will decide the survival of your business.

All the best, from Navotar Car Rental Software Team!

Car Rental Logo Ideas

If you want to run a successful rental business then nothing should be overlooked. Every minute detail should be kept in mind when coming up with an idea for your car rental logo.

Your company logo will decide how your business is presented, Your “brand identity” will be represented by this logo. Most logos we see are hit-or-miss, but designing the right logo will be a breeze if you are thorough and know exactly what you are doing.

What to keep in mind when coming up with an idea for your car rental logo

  • Simple and straightforward – you want the logo to represent exactly what the company represents (but you can take the riskier abstract route as well). Keep things simple as possible by staying away from too many tiny details and colors, as it can look too crowded.
  • Hire a professional – a professional graphic/logo designer will know exactly how to design the perfect logo. Allow them to guide you through the process but make sure you tell them exactly what you envision. DO NOT give too many ideas and changes as a result this may overwhelm the designer resulting in an ugly logo.
  • Make sure the logo looks good on all platforms i.e.; letterheads, webpage, Instagram display picture, merchandise, etc.
  • The logo must be UNIQUE to make it stand out from the rest. Resorting to just the name of the company or an abbreviation may not cut it.

How the logo helps your business

The logo is the identification of your business; a good logo can make a strong first impression. An aesthetically pleasing logo will stick in a customers’ mind and fosters brand loyalty! A well-designed company logo will remind the customer of your service and separates you from the sea of competition.

The logo will have a starring role in all your marketing material, and it will be the one thing the customer might remember the most about your business. Stick to modern designs, minimalism goes a long way, make sure you put in elements unique to your company and business name.

When building a business plan prioritize the logo design. If you are pitching your business to potential investors, their first impression will be made by the logo. Keep this in mind and use whatever resources at hand to create the perfect logo that represents your business.

tweet your car rental logo ideas to our car rental software team! If you are looking to find more about the car rental industry read about the Car rental challenges for 2021.