HOW TO START A CAR RENTAL BUSINESS WITH LITTLE UPFRONT COST ON TURO 

All of this depends on your location. Especially with the profits they are making.

Quoting gross revenues is not really very helpful IMO. Net revenues after depreciation, cleaning, maintenance, insurance etc is what I want to know.

Great video - appreciate the info!

Thanks for the info guys 💯

This is dope bro

I would never ever use an Apple Air Tag. I only use TILE trackers. The Apple Air Tag will notify the driver that they are being tracked and it can creep them out. I do inform my renters that there is a tracker on the car though.

This video is great insight for everyone wanting to get into Turo P.S. dope office, I see my desk 😂

You just gave me a life goal

Cheers. This is not a bad business. There are a lot of other equipment rental businesses to get into as well. However, I think the goal should be to start your own business and not work with Turo long-term as they take a big cut and their prices are low.

I usually use 18 month no interest credit cards to buy vehicles, then just transfer near the end of the no interest period for 3% to a new 18 month no interest card. You then get the title up front and own it, and your monthly payment is extremely low. Boom... you're welcome.

Greg, Just a FYI, I can accept credit cards and put the title in your LLC if you wanted to start a Turo Fleet. "I will Purchase whatever car you want, get the Pink Slip and you can Purchase directly from me with your credit card if you like."

This was super helpful! I will be signing up for Turo tomorrow, time to put my car to work. Thanks for this! UPDATE: I didn’t do it. My freelance business really took off and so I made the decision to stay focused on it. I hit 2 financial milestones back to back and I’m now on a 4 week trip to Tokyo. I made the right decision. I wouldn’t be able to take this trip if I had to focus on being home to rent out my car. But if you do try Turo out, I most certainly wish you much success!

Great video 😁😁😁

Great video man, very informative

Didn’t see your links in the description. Would like to get more information about working with them. I’m in Chicago and I know Vegas has a better market.

Starting a business with a credit card that is 19.99% interest rate is setting yourself up for failure. Not to mention that their business model is mostly based on the fact that cars are way overpriced nowadays and that you may be able to either sell it at a profit or break even. Now what happen if you miscalculated the resale value or all of the maintenance that comes with renting a car? No one take care of a rented car, you know "drive it like it's a rental". What happen if 6 months from now car accident happen and the insurance do not pay you what you paid for? Yes, it does happen especialy since now car are sold above their worth. You can 100% make money on Turo, but trying to start a business with a credit card while having absolutely no income and nothing saved up is a recipe for disaster. Sure you could make it work but you should save up real money for downpayment on a car instead of using debt to get into more debt in order to possibly make a profit. - Calculate monthly payment - Calculate insurance - Calculate the expected day/month you would REALISTICALLY be able to rent the car (worst and best case scenario) - Calcualte the expected mileage at the end of the first year and the possible resale value - Calculate maintenance cost (not only oil change, but also tire, brakes + any unexpected repairs) Don't just jump in willy nilly because you are young and can take more risk,

Dub vid 🔥

Wow! Many of your commenters are considering Turo. This is a sign of the economic times. As the economy slips lower and lower Turo will become more and more competitive.

Thank you guys

If you get your car loans through NAVY FEDERAL CREDIT UNION, they will lend you up to 125% of the car's Kelly Blue Book value! No down payment needed! They are super easy to work with, too.

Love the content bro! Game changing

Great content 💪🏻

NY just recently got the greenlight to operate Turo so I'm a bit interested in starting out here. And it seems competiton is getting heavy.

I love what you guys are doing, how would you guys go about doing the same in NY with this unpredictable weather? BX STAND UP!!!

Hey brothers thanks for the video How can I great a rental website and how to verify customer id?

More knowledge 💕💕💕💕

Alot of these videos I been watching they always say "get a credit card with 10k limit for down payments" as if thats EASY to get tho.. My credit score over 730 and I still cant get credit card with over 2k limit... I think yall should specify you gotta be able to "report" like 50k yearly income before all these possibilities can even open up lol

how much do you charge to manage cars?

Question about building a fleet.. what’s the best rout to go when you will need multi-Vehicle parking?

Nice!! Just started my car rental journey my self !

Do you guys provide the service in the Miami area? Curious

That math ain't mathing... 50k with a down-payment of 5k and insurance prepaid for 6mos at 2k (not 3k) equals 7k. You CANNOT start turning profits of 2-3k a month after 3 months. Stop the cap and give the real dets. Also, the marketing is not FREE they take 20-30% to cover that.

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What about if the first renter crashes the car? Is it better to just get a car that wont be beat on?

Great video. Do you guys wrap your cars with clear protection films to Avoid scratches? Specially on the high en cars wondering becuase you do not Want the expensive cars to Have cosmetically defects. Any thoughts?

So i do have a question for anyone um … So if i open an LLC AND GET MY EIN since theres no credit history on my LLC is there a limit on how much i can apply for via my business credit ?

Do you have any managing service in DFW area?

Una empresa confiable cuida de sus clientes, sean propietarios o clientes para alquilar coches, verifica las pruebas y documentación aportada cuando hay un problema, aplica precios y comisiones justas, y mantiene canales de comunicación como el email, el teléfono y el chat con humanos, para que sus clientes no se sientan abandonados a su suerte y dispongan de toda la información de sus comunicaciones. TURO parece no tener mucho de esto.

When he said "As you can see, most of our cars are at the office right now." My mind instantly went to *So they're not making any money?*

Great video, this is helpful for sure. also, I can’t get over how stoopid dudes haircut looks.

Do they make shorts shorter?

I’m in the Atlanta market doing Turo, how do I partner up with these guys?

I wish Dallas had higher rates. I’m 2 weeks in and it’s hella slow.

I like guys like this. Even if they were %60/%40 true story vs bullshit it's still very appealing. Guys like this get into a flow where they don't know where the bullshit ends and the reality kicks in. Hence they live on a totally different level for years. They make a ton of money because they are insulated from doubt and naysayers. The flip side is the %99 of the people that watch the video that will "eeyore" themselves into staying broke their whole lives. I'd rather surround myself with their kind of energy. At least life will be interesting. I just try to remember that there is risk but it's not a requirement to get hung up over it.

AirTags - you don’t get people complaining about tracking notifications? That they are being tracked?

What if youre just starting out? Like 700 credit score and never had any car credit ? Should I just save up and buy a car outright and that way I have no note? Plus I'm thinking about financing/leasing a nissan versa and then buy a slightly older car and put that car on turo while I just use the versa as my daily and rent out the older car on turo. Just spitballing here. Some advice would be appreciated

Thank You for All that you are doing for our Planet Earth.... Peace.. Shalom.. Salam.. Namaste .. 🙏🏻 😊 🌈 ✌ 🌷 ☮ ❤🕊

Any recommendations on how to find out what type of cars will rent in a certain market?

Credit is money…..and you can’t get credit without money history. Peace

Hey guys other than private insurance u guys used other to protect the vehicle

Does caravana require paystubs ?

Some misstatements to point out… If Turo is retaining 20-30% of the rental fee, then Turo is not advertising your car for free as stated. Misleading is not good for business.

That guys praying on people with bad credit. But I'll tell you one thing though when they change all of that how you going to make money. Obviously people with bad credit is the ones that rent cars and people stuck on La La Land renting exotic cars knowing that they can't afford it and they'll pay 1200 for a day that's That's crazy. So basically bad credit is your business people with bad credit and people that stuck on La La Land. If you get enough of those in one month your generate a lot of money in business will be going good. Hey a hustle is a hustle. I never knocked the hustle. It's all good. Go get it brother 💯😎💪🙏🏿

what's the difference in performance and costs between a tracker and an Apple Tag?

This guys are smoking rocks. A Civic for 90 bucks and rented all the time for 20 days. I want to smoke what they are smoking.

When bro said “ you need credit“ I knew I was fucked

What's a G wagon

He's renting the Hyundai out for less than $40 a day and probably making $800 profit.

What car is generating 2-3K per month after the car note?

🎉

i own 8 cars and currently scaling

I mean, it would be nice to partner if you mentioned that these guys require “$5k” to allow them to manage the cars. Not including the 70/30 profit they are taking.

This was a very GOOD video to watch!!!👍🏾👍🏾 You mentioned about leasing is not the way go on Turo. I figured if I get a 3yr lease w/ maintenance plan put it on Turo make money and turn the car in after lease then repeat the process. What do you think?

What software are you using for private rentals?

Why does Cali have no market for this? I’d think opposite

To a fellow pimentel I’m a poor ass pimentel. How can someone do this with no money, bad credit? I’m SOL 😢

Never heard of this car history to buy an expensive car🤔. As long as you have the money down they’ll give you the car. Also, you can just get approved through a bank or credit union and take that check to the dealership. Never finance a car through a dealership…

Seen many videos of people doing the same thing. They usually are making more or less than minimum wage

using a credit card to finance a no money startup is a path to failure... NEVER Do this...

Anytime you see guys using a stack of cash as a pretend phone you can rest assured it's a 100% scam lol

When I bought my car they wouldn't let me use my credit card for a down payment.

I’m in Vegas to how can I become apart of your team

To start with 1 car do you need a LLC?

Does it still work in 2024?

dont use bank of america yall lol go to a credit union bank

He literally says the cheapest car makes more money but yet has a fleet of “feel good, look at Me” cars. 😂 jokers

First of all its a terrible time to start renting cars (prices are to high, and it's the slow season coming)... the next wave is February... 2nd of all your profits arent in line with any other host in Vegas.. I'm going to call BS on this video.

Guys guys are talking to people with money. You should change the title of this video, who can start buying corvette, I thought this video was going to be more realistic, to show you how to buy regular cars someone who's starting out can afford

why do you keep looking at the camera? this is so awkward

Thanks for this wonderful video..I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?

These dudes get pay by carvana and Bank of America

Lol. 10,000 credit card. What is this 1999? Privileged people. Nice plan but you have to be loaded. Maybe these guys got their w blood and sweat but that's impossible for %90 of the population. Cool buisness though.

Kinda red flag that all the cars are not rented and at the office lol

The host of the show look so uninterested

Omg there so cheap they can only afford airtags royalty has low jack on all his cars

Turogp6, please! Very interesting video, thanks

What are you guys thoughts on "CarPutty" auto loans for Turo host only, its more like a line of credit. BX STAND UP!!!

Tryna email me and help me get going I got everything just need the knowledge from someone already doing it💯