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My brother has been looking to passively supplement his income for quite a while he wanted my opinion on Turo as in leasing out vehicles for use for profit. I typically find all these "side-gig" ideas like Uber and Grubhub to be a waste of time not worth the money at all. I started and own a small business and it's done well for me but, especially this time of year it gets slow I have a lot of free time I'm only working about 20 hours a week typically, I make my own schedule and can manage to take 2-3 hours out of a day to manage what I suppose needs to be managed as far as car maintenance goes. I am extremely familiar with cars, particularly servicing vehicles and the security systems they use. If I need to change the locks or replace a lost key to a vehicle this would not be a problem at all. Managing the cars I'd be leasing out would not be a problem. Over the years I have gained many contacts and a cheap but quality car that meets Turo standards would be easy to acquire, both myself and my brother have enough resources to purchase a dozen cars to lease out, obviously I would start with one and see if it's worth the time to even keep on this project. I don't trust people claiming to make a lot of money with Turo as I said previously I have seen people try to Uber and think they are going to squeeze in an extra $500 a week and end up hating every minute of it. Does anyone have any thoughts? We would theoretically be purchasing something like a 2012 Toyota Prius or Nissan Leaf and see if it is worth the effort and if it goes nowhere just sell the car and forgot about it. Your thoughts?
Isn't/wasn't the point of Turo that the people using it lease out sports cars and weird shit? I'd worry that no one will be interested in renting a cheap econobox when you have so much competition in the form of traditional car rentals and car sharing services. + there's the associated risk that people will trash it. Something something the fastest car in the world is a rental.
You are basically asking for your car to be drenched with a wide variety of bodily fluids and have to struggle with the insurance company not accepting the inevitable damages.
It looks like a nice Lamborghini is going to cost $800 per day.
I better get two of them.
Just kidding that really seems like a waste of money, but considering they have some Lamborghinis in there for $400 a day it looks like a nice experience to take one out for three or four days.
The nice part of all of this is that I'm not responsible for any of the maintenance.. I can just rent it and go for a drive and enjoy it and then return it.
No maintenance no muss no fuss.
It really seems like a no-brainer to get to drive a nice car like this for a couple thousand dollars?
And I'd probably be nice and not even smoke weed in it.
