Startup cost: $500 - $5k

Setup costs for starting a car rental side hustle typically range from $500 to $5,000. At the minimum end, this budget would cover essentials like creating an online presence through a website or social media, obtaining necessary permits and insurance, and possibly some basic marketing materials. On the higher end, additional expenses may include investing in a fleet of rental vehicles, implementing a robust booking system, purchasing comprehensive insurance coverage, and allocating more resources towards marketing and advertising campaigns. It's important to factor in recurring costs such as maintenance, fuel, and cleaning services for the vehicles. Many individuals find that costs can escalate once they commit due to unexpected repairs or upgrades needed for the vehicles. For a friend looking to take this side hustle seriously, I would recommend budgeting between $500 to $5,000 to cover initial setup and operational expenses.