Eureka Report - Alan Kohler, page-6

They discuss pursuing car dealers etc.

Kohler is right, dealers just want to sell their stock, they cant afford to be renting it (car) out only, albeit those cars that have had an anniversary (not selling) could be used.

The larger dealers cant/wont be in this under the current model design, they usually have their stock under floorplan (funded by a lender ie St george) so I doubt would even be allowed to rent out their vehicles, in fact I know they can't do this.

Lenders come in once a month and check the floorstock against their database.

Saying that, I guess a trade in could be used, but the dealer would have to first get the car roadworthy, they normally just auction it off "as is" or sell direct to a wholesaler who takes the headache with it.

Im not saying its 100% impossible, maybe more easier for the smaller dealers with no floorplan, albeit they have large mortgages to pay.

Disclosure: Must disclose I own 90% of a company that one could suggest has a resemblance to CL8, albeit in the commercial vehicle space and more rent to buy cars (finance only) than peer to peer rentals.

Spent many a meeting with dealers, they are a very fickle bunch to deal with.