The Economics of Listing Cars On Turo

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Sounds pretty sexy, make money with no money down, like anything though its best to not rush in. I pull apart some of the risks of the platform and highlight how doing things legitimately might make the metrics not work.
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[@ImARealHumanPerson]

I like browsing Turo and seeing all the people listing base model Camrys for $500/day

[@bubblewhip382]

imagine being so much of an entrepreneur that you take all the risk to work for someone else.

[@asad9748]

I did Turo with a GMC truck and Mercedes sedan for 1 year in Canada. Gross was about 9k. Factoring in insurance, maintenance and depreciation. Definitely lost at least 5k after everything.

[@matthoward1174]

Put the Miata Plow on there. $3000- a day, winter only, no top

[@ericwsmith7722]

100% right , Turo is pretty much for rent a wreck type business, basic econo boxs, that is what the majority of people want to rent.. For car guys it can be difficult to understand, but its a fact. Exotic car rentals, it seems you have to have a minimum of 5 million people in your rental area or be in a pretty strong tourist area, And the lowest price dies a slow painful death

[@jonathandiperna3706]

Let’s go Brandon.

[@mattbrawner7888]

I rent my model 3 a few times a month and not only is my payment/insurance covered, I get alot of spending money afterward. No issues besides people being dirty. You can rent a 50k telsa for more than a sports car on turo. People want the experience

[@killerjhul]

Today Rob explains he doesn't like the pasta from another chef. Same recipe though.

[@crabbypadty393]

I’ve had terrible luck with Turo. Tons of assholes and flakes trying to rent cars and charge you for everything and cancelling last minute.

[@jl12357]

Mr. Spaghetti discusses why you shouldn’t serve your authentic meatballs with a crappy pasta sauce.

[@ashishpatel350]

i wonder how the turo insurance works when someone does crash your car.

[@porter4856]

The fastest car on the road is a rental.

[@Its_Adriano_Evo]

Would love to see a series where you run a turo business for the summer or a couple months

[@olov244]

so you're saying, buy 9 flood cars and turo them?

[@Nounooon]

A picture is worth a thousand words, is also valid when trying to explain this sort of concepts. Better to show the maths.

[@jimsmith9912]

Thanks Rob. You are a very smart man. I've hired from Turo and often wondered how well the car owners are doing. Thanks for explaining.

[@tdlaustralia7791]

The interest on 10 loans would be nuts. You'd have to run for years before that was even paid off and you begin to maybe make a buck and with everything else you mentioned there's no way this person is coming out in front with this plan alone.

[@Ze-Germanzuk]

Everybody treats rental cars like crap, I know I've rented crap cars from Enterprise and just redlined them everywhere.... Why on earth would you put your own car up for that sort of abuse 🤣

[@exor1238]

I'm Like instead of paying for the shipping, Can I just pick it up at your shop xD? (2 mins away from my house lol)

[@Slickpete83]

isn't Turo really bad for Rob Spaghetti's car rental business, just like Airbnb is bad for hotels