April 16, 2021
1 min read

Buy a Vehicle and Earn Steady Revenue

Looking to purchase commercial vehicles but not sure if you want to make the leap? There is a way to get a return on your investment through technology. People are investing in homes as well as cars and turning their assets into a profit.  Now, large and small businesses are getting in on the action - investing in commercial vehicles to rent out to other businesses that need to rent them.

With COOP by Ryder, the leading vehicle-sharing platform in the nation, it’s simple to profit from your investment. Your business can leverage our app to offset the costs of a purchased commercial vehicle and build a steady revenue stream. Once listed, trusted nearby businesses will request to rent out your vehicles on the platform.

COOP offers great revenue opportunities. Renter demand is growing fast in marketplaces from coast to coast, and we’re seeing record utilization across all vehicle categories. List your vehicles today and generate up to $5,000 per month! It can all be done independently and from the convenience of our mobile app, so you can manage rentals anywhere, anytime.

Invest in the Right Vehicles

Commercial vehicle sharing is the perfect solution to generate a steady revenue stream after you’ve invested in the right fleet. To determine what you want to buy and rent out on our competitive marketplace, follow these simple steps: 

  • Find the right asset for your businesses’ needs and means. Evaluate what type of vehicle you can afford. Newer models will cost more but also attract more attention from Renters, we recommend 2015 or newer.
  • Consider where you will park the vehicles. We offer parking and vehicle management services as needed. Explain clearly how Renters can complete the pick-up and drop-off process in your vehicle’s details and it will work well. 
  • Check out where you should purchase vehicles. Go directly to the OEM (Original Equipment Manufacturer) or try purchasing used vehicles. COOP Owners have found affordable vehicles at Ryder Used Vehicles, as well as auctions like ‘Ritchie Bros. Auctioneers’ and ‘Taylor and Martin Auctions’ with great success.

If you’re still not sure which vehicles to add to your fleet for use with COOP, we are here to guide you. Our expert team can provide insight on the vehicles that are in high demand in your market and will get you a return on your investment. 

What You Could Earn for Your Investment

Once you have invested in the right vehicle, list it on COOP. Get those new vehicles on the platform and start making money.

One of our Owners got all 5 of their dry van trailers rented and on the road in less than 24 hours of purchasing. The rental demand is high on the platform, so you can start earning money and getting that return on investment almost immediately.

Once you’ve listed a vehicle on our platform, rental activity for your vehicle will depend on many factors. This varies depending on the vehicle, its availability, and the discounts you have selected. Below is an idea of what each vehicle type could make:

Make the Most from Your Investment

When it comes to getting the best return out of your investment, you want to do everything possible to get the 3 most profitable COOP rentals. Our most successful Owners know that the key is being active and flexible with their listings. To get the most out of your experience, keep in mind that competitive pricing and building your business’s positive ratings will help you stand out in the marketplace.

Always seek to improve your chances of renting out your vehicles. Monitor the daily rental rate you charge, the availability you set, and the amount of Renters’ requests and evaluate the results you’re seeing. Flexibility with your rates keeps your listing competitive and maximizes the revenue that you can earn with COOP. 

You can contact us and our team will help you find the best settings possible for your business’s vehicles. With COOP you’ll find a group of passionate and experienced people working tirelessly to make the platform a product you will enjoy using.

We’re here to help. Our team will do everything to help get the best return on your investment.

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