We recommend purchasing a car for around €5,500. This price range tends to offer the best return on investment (ROI), meaning it balances the cost of buying the car with the money you can earn from renting it out.
Each month, you can expect to make around €600 from renting the car out through SnappCar. This is the amount paid directly to you.
While earning €600 sounds great, you will have some regular expenses to keep the car running and available for rentals:
After paying your expenses, you’re left with about €266 per month. This is the money you keep before taxes are taken out.
Since everyone’s tax situation is different, we can’t give an exact amount of how much you’ll make after taxes. This will depend on whether you’re renting the car personally or through a business and your overall income.
If you invest €5,500 into a car and make €266 in pre-tax profit each month, that’s a 58% return on investment (ROI) over a year. In comparison, if you leave your money in a bank, you’d typically earn around 3.5% interest.
We recommend purchasing a van for around €8,500. This price range tends to offer the best return on investment (ROI), meaning it balances the cost of buying the van with the money you can earn from renting it out.
Each month, you can expect to make around €850 from renting the van out through SnappCar. This is the amount paid directly to you.
While earning €850 sounds great, you will have some regular expenses to keep the van running and available for rentals:
After paying your expenses, you’re left with about €298 per month. This is the money you keep before taxes are taken out.
Since everyone’s tax situation is different, we can’t give an exact amount of how much you’ll make after taxes. This will depend on whether you’re renting the van personally or through a business and your overall income.
If you invest €8,500 into a van and make €298 in pre-tax profit each month, that’s a 42% return on investment (ROI) over a year. In comparison, if you leave your money in a bank, you’d typically earn around 3.5% interest.