OlympicsSingapore
Jun 2, 2008
Rental firms 'leasing' cars from cash-strapped owners
Companies which offer financially strapped car owners a way out - by taking over their vehicles to be used as rentals - are sprouting.
It makes good business sense for the dozen or so firms, which advertise their services online - they avoid the huge capital outlay of acquiring their own car fleet.
On the surface, it looks like a good deal for the car owners too but it is illegal to rent their cars out this way.
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