After YEARS of Renting My Cars On Turo - Was It Worth It?

Being a Turo host for so long, I've learned a lot, made a lot and lost a lot. Overall I'd give this business 3.5 stars.
Honestly, I would've never thought I'd be this far along, especially with all the hurdles along the way. But we made it this far, now, the question is, is it worth selling the business and how much is it worth...
Let me know your thoughts! And more business content coming soon!!
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[@TheFinanceHub_]

You had to do all these upgrades and fixes to the car.
Cleaning, Tires, windshields, maintenance... you might as well open a car center.

[@happytoberu]

Haha trueee 😂 Turo/ride sharing specific car center? Might do pretty well actually

[@Platelunchexpress]

So glad I’m done, wasn’t worth it after taxes

[@happytoberu]

Were you doing your own taxes? Like writing off depreciation and such?

[@anshul567]

Hello Sir, I’ve been thinking about putting my car on turo for a while but also wondering, what if there is a total loss or theft while the car is with the guest? Turo only covers upto the current market value which is mostly a lot less than the remaining loan amount. Is there anything you could suggest regarding this? I’m from Canada

[@happytoberu]

0 Theft but some interesting stories for sure. Might do a video on one of my worst experiences. But overall I'd say 90-95% of the trips go SPLENDID.
For us here in the U.S. the total loss or theft is up to $3million up to the value of the car - luckily haven't had any issues related to that to need it and I've done over 200+ trips.
I definitely would read the terms with Turo in specifics to Canada but overall as long as you have enough equity in the car to equal or be above the loan, you should be good even IN WORST CASE SCENARIOS. But again, it totally depends on your situation.
Feel free to reply with any questions I might be able to answer, always happy to help!

[@johnnymel77]

How much would your profit go up if you bought your 2 teslas you've had, at current market values of 20k for model 3 and 30k model y

[@happytoberu]

Using the last 3 months of data, break even

[@freshjose503]

79 insurance?????

[@happytoberu]

Root Insurance. Found a loophole

[@maksatosmon]

I was going to ask the same thing. Do you mind to share it? My insurance on Tesla Model Y is around $220.@@happytoberu

[@mvdnice6691]

@@happytoberuroot insurance you say?