Proposal for Motorcycle Investors
Wild Freedom Motorcycle Rentals Ltd will contract to receive motorcycles from their owners to rent out to Riders and Tourists. The Owners get a large proportion of the rental sales collected, currently set at 60%. The Riders pay a rental price per day, or per period, including all costs. The Company gets a margin of the rental sales to operate the business.
Large return for the investment of your motorcycle- this will vary from investor to investor, and rates of return will be uncertain until trading has occurred for some months.
No other investment required – all further and future costs will be met from the owner’s portion of rental incomes received.
You always continue to own the motorcycle. It’s yours. At any stage you wish to recover your motorcycle, it will be available to you, apart from pre-booked rentals.
You can have access to your own motorcycle for personal use whenever it is not already pre-booked to a rider.
Liabilities and Risks
Your motorcycle will need to be brought up to a condition suitable for public rentals, including tyres, registration, servicing, WOF, all switches functioning.
Costs that will need to be covered from the owner’s portion of the rental sales from your motorcycle before you receive them include accessories power source for GPS unit and/or i-pod or cellphone power, panniers and/or top box. These then belong to the motorcycle and will be returned with the motorcycle.
Your motorcycle will need to be maintained to that same condition, including tyres, COF, registration, and regular servicing. This ongoing cost will be covered by the owner’s portion of the rental sales.
Your risk is limited to little or no rental sales received.
In the case of rider damage during a rental period, insurance paid for by the rider as a compulsory component of the rental will cover the repairs or replacement or cash value of your motorcycle refunded to you in full, as assessed by the insurance assessor.