Anyone rent out their car on Turo?

A guy in the office was looking into as a way to make extra income. What he explained sounded interesting but admittedly I know nothing about it.

Any thoughts?

Thanks

Dan 

There is no way I would rent any car I cared about, to anyone. 

Just listen to how the guys on this forum abuse rentals. 

Then compound that by all the idiots that don't know anything about cars and have their cell phone out texting. 

No way in hell.

In reply to Toyman01 :

When we did an inspection of the CTR prior to my rental one of the rims was curbed.  The owner shrugged and said the last renter did it.  

He was low key.  I was taking a bunch of pics to CYA.  

DD#2's previous boyfriend's father had a Maserati Quattroporte and something else exotic-ish that he rented to Turo.  If you need to subsidize your vehicular purchases that way, you probably shouldn't be making them.

There's no way I would even consider renting one of my cars to Turo, unless I had a disposable beater, which strikes me as a great way to spend a lot of time and effort to not really make any money.

Yeah hard nope.

Turo didn't have any cars worth renting when I was in Phoenix (clapped out Xterra or similar for more money than a brand new 4Runner from Hertz) and there is no way in heck I would rent out my car.

Even if I had a turd/beater to rent I wouldn't rent it.

Turo can DIAF.

I would not rent out my ex-wife's car, and I don't care for her at all.

Yeah, no. Can't imagine a scenario where I would. 

So just for fun, I went to go see what was on Turo available from Saturday morning to Sunday morning. Ya know, like maybe you want to take your special lady friend out for a day of activities and want to drive something neat. There were only a few cars that were "barely" interesting:

2011 Maserati GranTurismo - $175/day
2011 Porsche Panamera Turbo S -  $175/day (Might be nice if you had your parents in town or something, I guess?)

2014 Porsche Cayenne - $500/day + $0.72 for every mile over 100 - HAHAHAHAHAHAHAHAHAHAHAHA, I can't even imagine who would do that. It shows "no rides" in the 2+ years he's been on the site. 

1968 Toyota Land Cruiser - $104/day + $1.37 for every mile over 100 - This is the only one that was really interesting to me. But it's not like you'd take it camping or off-roading or anything like for fear of damaging it. 

93gsxturbo said:

Turo can DIAF.

Die In A Fire?  Something else?  

einy said:

93gsxturbo said:

Turo can DIAF.

 

Die In A Fire?  Something else?  

Dick In A Frosty 

http://morriesheritage.com/

rather do do this than get accused by some scum bag about damaging his car. 

And the morries cars are interesting. 

Duke said:

DD#2's previous boyfriend's father had a Maserati Quattroporte and something else exotic-ish that he rented to Turo.  If you need to subsidize your vehicular purchases that way, you probably shouldn't be making them.

I agree with the "if you need to " part, but I wouldn't be fully opposed to it as a means of having a car pay for itself, assuming that I would be able to afford the car even without having to rent it out.

Mind you, I'd be concerned about something like this happening. Yes, sorry, mea culpa, it's a Jalopnik link.

There’s a few near me that aren’t too bad. Here’s the CTR I rented.  

A bit high for me but then again?  

Lol now I'm thinking about throwing my 90 Miata into the mix. 'What could go wrong?'

of course it's a 5sp- probs no takers. 
 

I'm selling it soon, probably to a drift kid, so I'm not particularly attached. 

Just checked my local area for the first time. $100/day Chevy cruzes, $200+/day corvettes, and $60/day pickups. I'm surprised there's anything listed since this area seems to be a technological black hole, but nothing I'd even consider renting. 

Quite a few Tesla Model 3’s in the Cincinnati area on Turo, I see ...

In reply to yupididit :

Ooof ... didn’t see that coming!

Wouldnt rent my car. 

Searched local renting this oldsmobile next week. Most cars with lots of trips were under $45 per day. They need to set recommended prices for people. No reason to list your 2015 entry level luxury car for $250 a day. 

I believe when you factor in the insurance cost (if you're doing it legit), it's not worth it at all.

But, I also don't believe most of these people are getting the right insurance for this.

From what I can tell there's five main types of people renting cars on turo:

-didn't do the math, renting out a normal car for not nearly enough money

-did do the math, renting out a normal car for enough to make a profit but also enough that nobody is ever going to rent it

-just insanely high assessment of the car's value and nobody will ever rent it

-niche cars (tesla, sports cars, etc) that you can't get through normal rental agencies renting for enough to make money and people will still rent them because it's the only way to get them (I first learned about turo when my company needed to rent a tesla to do some benchmarking)

-people with fleets of sh!tboxes renting them out for cheap and probably making enough money to be worth it

The last two options seems like about the only even remotely sane ways to do it. No amount of money in the world would get me to rent out a manual transmission car though as you'd basically need to budget for a new clutch after every rental.

My first direct experience with turo was a few weeks ago when I went to seattle for a wedding. SInce everything in seattle is wildly overpriced, the cheapest hertz rental was like $70/day base rate. So we got the cheapest thing on turo instead. Including the maximum insurance ($500 deductable to walk away) I think it came out to somewhere around $70/day where the same from a rental company would have been well over $100.

It was my understanding the car could be no older than 2006?

I'd do it but it would have to be a 2nd car and probably something I otherwise couldn"t afford and rent it out on Turo to cover the cost. 

The ticket would be to only rent it for multiple days .

https://sidehustleschool.com/episode/32/

"How a Los Angeles man leases a fleet of 16 cars and rents them out at a higher rate making over $4,000/month."

"Tahsir also got incredibly lucky with his dozen of the cheaper ones during an incredible promotion when the manufacturer was overstocked on a particular model, the Chevrolet Cruze.

To make it all work out, he found a partner at an airline parking lot who would handle many of the pickups and returns for renters visiting from out of town. He spent a lot of time communicating with customers from his page on Turo, but that communication was the majority of his hustle workload."

I love these shows but I live in Flyoverstan and can't take much risk.

I'm not sure who would be renting these cars honestly. I did a quick pull up of what is available and 2006-2007 minivans for $65 a day? Bunch of 10-15 y/o 4runners for $60-$80 a day? $99 a day for a 10 y/o wrangler? Versa for $69 a day? 

I can get all of these new or almost new for $35-$40 a day from National/Enterprise. 

bmw88rider said:

I'm not sure who would be renting these cars honestly. I did a quick pull up of what is available and 2006-2007 minivans for $65 a day? Bunch of 10-15 y/o 4runners for $60-$80 a day? $99 a day for a 10 y/o wrangler? Versa for $69 a day? 

 

I can get all of these new or almost new for $35-$40 a day from National/Enterprise. 

This was my experience.