I was wondering why no one was doing classic rentals. I would rather give a old 67 mustang than a lambo. Everything you said is precisely why I would have done it here in ATL if I had the money.
I was trying to rent a Dually diesel with a gooseneck none available here in Vegas. Only company that had them was Barco they rented months in advance. Lots of rental gooseneck trucks in Texas. Hertz rents the cargo type vans on Sahara.
I've tried restoring one classic car and it was enough for me to never want to do it again. I think the wrap may work but it's not going to stick in areas where clearcoat isn't in good shape.
Interesting idea. You could see this appealing to people doing retro costume parties. Like the guy who comes dressed up as Burt Reynolds driving a 70's sports car.
I think there will definitely be a great demand for them in Vegas- especially given the number of weddings. They’re honestly gorgeous in photos. edited to add: made me laugh with the comment about being the only one out there renting a classic
Bro! I started working on this exact idea late last year. I was going to make it part of my retirement plan… Even down to locating it in Las Vegas. SMH. I think it’s brilliant. Good luck to you. And who knows, maybe you’ll see my classic car rental place in Las Vegas five years from now…
I agree you have to make sure your business is distinctive and set apart from the rest. Make it obvious why the customer should use you instead of the other guy.
Definitely looking forward to this! Those who question it, don’t understand it. I do. I’m following the money lol $40k for a Sonata N will net at the most $100 a day That ain’t shit.
Potential niche exists in 'sort of' classics .... 25 year oldish Corvette Firebird Mustang and the like. Could charge less daily and refurbish for less ... and have a cheaper option, and people of a certain age will want to revisit the one they had decades ago (or only dreamed of).
I literally did this with a replica Porsche 356 and made $20k in the first 3 months on a car that cost me $30K. Just purchased a Factory Five Cobra with the 5.0 302ci v8. It seemed so obvious to buy a $30-$40K car and charge the same for an iconic experience as people do with $100-$200k cars. Brilliant. the Porsche 356 was great in this sense because it utilized all VW components that are cheap, reliable, and every shop can work on them.
Renting a classic car is a great idea. You think you want something, but have never actually driven it, and have no where to store it. Might as well rent one, and have some fun!
Backdraft Shelby Cobra, with a coyote or 427 if you can.. I will be the first to rent for a weekend! Need to visit my business partner anyway. He's in Vegas. Lets go!
Coyote for reliability, though... Ps. Classic car only rental biz is actually an amazing idea... i would rent a cobra, and old Mustang supped up over a lambo all day... bout to move to Nashville.. may have to do that. Great idea bro.
Lucky, if the car market was where it used to be prior Brovid-20 (so let's say, pre 2019) would you still be renting classics? Or would you be doing supercars, luxury cars, or everyday cars? A car rental company in downtown vegas is a home run in-and-of itself........compounding that with youtube adsense, car repair tickets in the shop, the tax write offs.............you're gonna be the guy everyone points to 5 years from now saying "lets just copy him and hope we get some marketshare" im gonna be like you one day over here in Phx AZ. one day
hey lucky serious question. hope you see this. Did you open a whole new llc for your car rental company or did you run it through your dealership/ wholesale LLC. deciding if i should just run it through my dealership or just open a whole new llc.
I love this biz model!! Im sure it will be fun building those classics 😍 I envy u! What would your plan be when governments start pushing for zero emissions and EV cars?
Hi Lucky - I just did a 6.0 LS in my 72 chevelle. What type of insurance would allow me to rent it out on Turo in CA?? Also are there any other platforms to rent my car out on the gain exposure?
I can certainly see a market for classic car rentals in Vegas, although I suspect that you will have trouble keeping the utilization above 70%. (Not sure if that is an issue for you or not). I think you are being overly optimistic about the appreciation given that it is a retro-rod. I think the original cars will see far greater appreciation despite their foibles, but there are people building retro rods today, although I wouldn't purchase one. One point to keep in mind, especially with the Factory Five cars, is that the last figure that I saw said that 16% of Americans today can drive a manual transmission. If you are building your own kits, you can choose the transmission. Yes, the purist will want a manual, but having options is good for you and the customer. My biggest concern is when you take a 1969 Camaro and rent it out are you going to have liability because it doesn't have modern safety features. America loves its lawyers.
Sounds like a great idea but have you done research if people will rent it? I know if I saw a lambo with a LS engine I would not rent it because it wouldn’t feel like a Lambo should. Can be a good or bad idea not sure what the research say though
I mean yeah, but the skills required is totally different. You need zero skills to rent modern cars, because you can have them serviced for you, easy to insure, etc. You can also sell a modern rental super easily, because you have kept the car to higher standards with threat of fees lol.
Agreed. Going to be honest here, this business plan is overly optimistic without knowing your customer. If it older individuals renting, your classic car may be return in good condition, but if Johnny Crotch rot rents it...yeah, he is going to mess it up or total it.
To be fair you’re starting to run low on mechanics that will touch these old cars as they are so you end up learning yourself. Many have died off or retire. Many don’t exactly want to fiddle around with the settings on a carburetor or work on something that won’t have a an OBD2 port.
I'm really sorry to hear you will be putting LS engines in Fords and Mopars, just because the engines are cheaper and conversion kits are available. - there is so much of that going around now and it kinda ruins the overall experience of being in a classic car or the ride. I get it, but a with a great mechanic, (such as myself) whom lived during those years and repaired them, you can make a carbureted vehicle VERY reliable. But its your business and your inventory, so its your choice. I do think car shows at your place and renting classic cars are a great idea. It's the first time thou that I have disagreed with your opinions in watching from the beginning. Yes, I'm a purist in many ways but I get and understand disc brake conversions and radial tires being added on. Myself I am wore out on Chevy powered everything at car events. Just boring for me to look at row after row. I'm sure some of your fleet will end up at the various car events in Las Vegas / Hendertucky / Boulder City areas on display for me to look at and just walk by. Overall I wish you success and you need not to worry as I'm sure I'm very wrong, ( my lady tells me that ALL the time) so LS in everything may just fly with hundreds if not thousands of others that rent from you and it definitely will from Bowtie collectors.
@@LuckyLopez777 very true, but you didn't say you were not going to do it, and kits to do so exist for those models. Fords and Mopar's long blocks (new not salvage) are much more expensive which is why an LS ends up in them from time to time, plus not to mention the size (width) difference especially compared to a coyote block. Plus, you're not getting a coyote into a 69 / 70 mustang without shock tower removal and power steering conversions at the minimal of effort. Even more so if you try to put it in with shock towers in place. And for that matter it won't fit in a 65 thru 68 at all. If you intend to just buy new / salvage Windsor blocks for a fox body for those you could get by. But those are getting harder to come by with harness and all. 71 thru 73 can fit whatever you want in it. But like I said, since I'm only 67 I've been wrong a lot. ty 4 your reply
So let me see if I understand this... you're taking a classic car shell and putting modern components into it so that it is more reliable. So the car is not one hundred percent.original. I take it whoever is renting the car only cares about appearance... Right?
I was wondering why no one was doing classic rentals. I would rather give a old 67 mustang than a lambo. Everything you said is precisely why I would have done it here in ATL if I had the money.
I saw one in ATL.
@@porschefanatic1049 everyone loves classic
I was trying to rent a Dually diesel with a gooseneck none available here in Vegas.
Only company that had them was Barco they rented months in advance.
Lots of rental gooseneck trucks in Texas.
Hertz rents the cargo type vans on Sahara.
I've tried restoring one classic car and it was enough for me to never want to do it again. I think the wrap may work but it's not going to stick in areas where clearcoat isn't in good shape.
Genius plan. With some retro advertising it could really take off.
Thanks 🙏
Interesting idea. You could see this appealing to people doing retro costume parties. Like the guy who comes dressed up as Burt Reynolds driving a 70's sports car.
We wanted to plan a cannonball run as a joke
I think there will definitely be a great demand for them in Vegas- especially given the number of weddings. They’re honestly gorgeous in photos. edited to add: made me laugh with the comment about being the only one out there renting a classic
That's Awesome, I always wanted to do the same thing. You're gonna Crush it dude!
Thanks 🙏
Lucky, you have to show us the builds as they're coming together. Another great idea, thank you for your knowledge.
You bet. it will be part of my videos away from the desk
Good idea, classic cars are fun but most people don’t need to own one. Rent it, give it back.
$$$$
Bro! I started working on this exact idea late last year. I was going to make it part of my retirement plan… Even down to locating it in Las Vegas. SMH. I think it’s brilliant. Good luck to you. And who knows, maybe you’ll see my classic car rental place in Las Vegas five years from now…
Good luck to you as well 😁👍
I agree you have to make sure your business is distinctive and set apart from the rest. Make it obvious why the customer should use you instead of the other guy.
It’s a great idea, Lucky. I hope you’ll offer discounts to your subs for classic car rentals!
Definitely looking forward to this! Those who question it, don’t understand it. I do. I’m following the money lol
$40k for a Sonata N will net at the most $100 a day
That ain’t shit.
😁👍
You’re a very smart man Mr. Lopez. Thank you for sharing.
Blessings, Carlos ✝️🙏❤️😊🇺🇸
Potential niche exists in 'sort of' classics .... 25 year oldish Corvette Firebird Mustang and the like. Could charge less daily and refurbish for less ... and have a cheaper option, and people of a certain age will want to revisit the one they had decades ago (or only dreamed of).
I literally did this with a replica Porsche 356 and made $20k in the first 3 months on a car that cost me $30K. Just purchased a Factory Five Cobra with the 5.0 302ci v8. It seemed so obvious to buy a $30-$40K car and charge the same for an iconic experience as people do with $100-$200k cars. Brilliant. the Porsche 356 was great in this sense because it utilized all VW components that are cheap, reliable, and every shop can work on them.
Thinking outside the box where there’s less competition that’s where the moneys at. Nice
Facts $$$
Idea sounds so good he convinced me to build a Factory 5 mark 4 roadster
You are preaching economics, that may be largely lost on most. Yet, it remains a very important topic.
Renting a classic car is a great idea. You think you want something, but have never actually driven it, and have no where to store it. Might as well rent one, and have some fun!
Do you have any 1990's Cadillac's for rent? Great idea you have!
learned a lot. Thanks bro. I think classic car is cool as it only take a few days' fee and people won't get to drive/buy these cars in life.
Backdraft Shelby Cobra, with a coyote or 427 if you can..
I will be the first to rent for a weekend!
Need to visit my business partner anyway. He's in Vegas.
Lets go!
Coyote for reliability, though...
Ps. Classic car only rental biz is actually an amazing idea... i would rent a cobra, and old Mustang supped up over a lambo all day... bout to move to Nashville.. may have to do that. Great idea bro.
Definitely going with 5.0 v8. Fuel injection
Lucky, if the car market was where it used to be prior Brovid-20 (so let's say, pre 2019) would you still be renting classics? Or would you be doing supercars, luxury cars, or everyday cars? A car rental company in downtown vegas is a home run in-and-of itself........compounding that with youtube adsense, car repair tickets in the shop, the tax write offs.............you're gonna be the guy everyone points to 5 years from now saying "lets just copy him and hope we get some marketshare"
im gonna be like you one day over here in Phx AZ. one day
Honesty is the name Lucky. Thank you
hey lucky serious question. hope you see this. Did you open a whole new llc for your car rental company or did you run it through your dealership/ wholesale LLC. deciding if i should just run it through my dealership or just open a whole new llc.
I wouldn't mind coming to Vegas one weekend and renting one of these cars. AS LONG AS THE AC IS ICE COLD! When do you plan to have them for rent?
I love this biz model!! Im sure it will be fun building those classics 😍 I envy u!
What would your plan be when governments start pushing for zero emissions and EV cars?
Tesla 3 body swap. A classic car
Hi Lucky - I just did a 6.0 LS in my 72 chevelle. What type of insurance would allow me to rent it out on Turo in CA?? Also are there any other platforms to rent my car out on the gain exposure?
I can certainly see a market for classic car rentals in Vegas, although I suspect that you will have trouble keeping the utilization above 70%. (Not sure if that is an issue for you or not). I think you are being overly optimistic about the appreciation given that it is a retro-rod. I think the original cars will see far greater appreciation despite their foibles, but there are people building retro rods today, although I wouldn't purchase one. One point to keep in mind, especially with the Factory Five cars, is that the last figure that I saw said that 16% of Americans today can drive a manual transmission. If you are building your own kits, you can choose the transmission. Yes, the purist will want a manual, but having options is good for you and the customer. My biggest concern is when you take a 1969 Camaro and rent it out are you going to have liability because it doesn't have modern safety features. America loves its lawyers.
I we rented out original cars. it was a nightmare people would stall the cars
Sounds like a great idea but have you done research if people will rent it? I know if I saw a lambo with a LS engine I would not rent it because it wouldn’t feel like a Lambo should. Can be a good or bad idea not sure what the research say though
Yeah. 10 years ago there was a rental car companies that rent it out. Classic cars were used to build their cars for them and they did really well.
Well after today he just started his own competition.
Not sure if you are still reading comments, but I would love to be your first customer!!
I mean yeah, but the skills required is totally different. You need zero skills to rent modern cars, because you can have them serviced for you, easy to insure, etc. You can also sell a modern rental super easily, because you have kept the car to higher standards with threat of fees lol.
"its simple", famous last words.
In Marketing this is called the Un Cola strategy. Beoing what everyone else isn't Antithesis niche.
Retro cars not as they really were, but rather how people remember them.
nice, thank you
Thank you too
What about the liability if they crash and die ?
Daaang I wouldn't mind driving an Eleanor.
This guy so smart
People aren't renting a '69 Camaro for temporary transportation, they're renting it to beat the hell out of it.
A good restomod is 250k
Agreed. Going to be honest here, this business plan is overly optimistic without knowing your customer. If it older individuals renting, your classic car may be return in good condition, but if Johnny Crotch rot rents it...yeah, he is going to mess it up or total it.
Ive rented classics before its not my first time. they are solid rental cars. I get more calls for them then lambos
How could I get a rental car license in Georgia?
If you think any mechanic will work on a restomod good luck!
Fun cars to work on 😁🙏
To be fair you’re starting to run low on mechanics that will touch these old cars as they are so you end up learning yourself. Many have died off or retire. Many don’t exactly want to fiddle around with the settings on a carburetor or work on something that won’t have a an OBD2 port.
Ooo classic cars!!!
😁👍
can i get a fair auto loan after bankruptcy?🚗
Damn that’s pretty good idea
Thanks I’m excited to get started
Some people just don't get it Lucky,Awesome Idea Keep up the great Videos
Thanks 👍
I'm really sorry to hear you will be putting LS engines in Fords and Mopars, just because the engines are cheaper and conversion kits are available. - there is so much of that going around now and it kinda ruins the overall experience of being in a classic car or the ride. I get it, but a with a great mechanic, (such as myself) whom lived during those years and repaired them, you can make a carbureted vehicle VERY reliable. But its your business and your inventory, so its your choice. I do think car shows at your place and renting classic cars are a great idea. It's the first time thou that I have disagreed with your opinions in watching from the beginning. Yes, I'm a purist in many ways but I get and understand disc brake conversions and radial tires being added on. Myself I am wore out on Chevy powered everything at car events. Just boring for me to look at row after row. I'm sure some of your fleet will end up at the various car events in Las Vegas / Hendertucky / Boulder City areas on display for me to look at and just walk by. Overall I wish you success and you need not to worry as I'm sure I'm very wrong, ( my lady tells me that ALL the time) so LS in everything may just fly with hundreds if not thousands of others that rent from you and it definitely will from Bowtie collectors.
No one said putting LS Into fords Fords will have coyote swaps
@@LuckyLopez777 very true, but you didn't say you were not going to do it, and kits to do so exist for those models. Fords and Mopar's long blocks (new not salvage) are much more expensive which is why an LS ends up in them from time to time, plus not to mention the size (width) difference especially compared to a coyote block. Plus, you're not getting a coyote into a 69 / 70 mustang without shock tower removal and power steering conversions at the minimal of effort. Even more so if you try to put it in with shock towers in place. And for that matter it won't fit in a 65 thru 68 at all. If you intend to just buy new / salvage Windsor blocks for a fox body for those you could get by. But those are getting harder to come by with harness and all. 71 thru 73 can fit whatever you want in it. But like I said, since I'm only 67 I've been wrong a lot. ty 4 your reply
If you put lots of miles and use I struggle to see these cars appreciating. They're not even real classic cars, they're resto mods...
Will u finance ur fleet?
Where can you buy these in Canada
west coast
🔥🔥🔥
👍🏾👍🏾👍🏾👍🏾
Smart pla💯💯💯
😁👍
So let me see if I understand this... you're taking a classic car shell and putting modern components into it so that it is more reliable.
So the car is not one hundred percent.original. I take it whoever is renting the car only cares about appearance... Right?
Yeah. Nobody wants to rent a car with no power steering no power brakes and no AC.
I have a restored 1974 AMC Javelin for sale if you are interested.
🚗🚗🚗
😍😍😍
Rocket Science
😁👍
Why hydrogen make me watch this
Bro
Lado
Easy to steal and easy to sell….
cant say what we are doing to them but. you cant steal them with our system also will have 2-3 GPS
I still can’t get over the fact that Lucky acknowledges that he’s a shady used car dealer
They all are lol