DriveNow is an online website for last minute car, truck and campervan rentals, the website can be viewed at www.drivenow.com.au. Launched in 2002, the company works with all the major car, truck and campervan rental suppliers in Australia and New Zealand to obtain the best prices.
DriveNow works by comparing all the major rental companies, like AVIS, Budget, Hertz and Europcar as well as a few smaller companies, to provide the best rate and vehicle availability instantly on their website for customers. DriveNow is now the number one online website for last minute bookings.
Paul Bunting, partner at our firm established a professional relationship with the initial shareholders when DriveNow first set up business. The relationship between the firm and the DriveNow business has grown and evolved along with the company.
We provides a range of services to the DriveNow business and team including: advice in relation to structuring; funding requirements; valuations to support equity placements; advice in relation to expansion plans; taxation strategy; as well as the usual accounting and tax compliance requirements.
Growth is now a main challenge for DriveNow, as its Australian and New Zealand business is rapidly expanding. In parallel, increasing competition is now providing some interesting challenges for the company, while new opportunities are always arising.
The company has recently ventured into the UK market and has seen business double in size in the last three months.
Our established networks through MSI Global Alliance have proved to be extremely helpful as DriveNow has expanded its operations in new markets. Quick and accurate advice on taxation and banking requirements in the appropriate overseas locations has been on hand immediately aiding timely planning and decision-making.
We looks forward to maintaining the strong relationship established with DriveNow and reporting on more international successes for the company as it moves into other markets.