Turo VS Rental Car License
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- Опубліковано 24 чер 2021
- Turo VS Rental Car License why you should never rely on turo only
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You can never say "Multiples streams of income." enough!!!
Facts
Just booked a call after finding your content a day ago. Thank you for your great delivery and value packed info, I've learned a lot in a short time and looking forward to our call. This video makes a LOT of sense for someone who has dipped their toes in Turo over the past 8 months and wants to expand in this industry (which is bigger than Turo) - thank you for making it plain to see. Looking forward to our call, if you find the time, feel free to get to know me and my story (before car rentals) - my youtube channel is a coaching/training resource for a niche audience in d2d pest control sales, I never expected it to grow like it did, just started posting videos for my sales reps
Perfect timing on posting this video!! Greatly informative and insightful. Thank you!!
Thank you for watching 😁
Thanks Lucky Lopez! Truly the big picture!
Best Turo video I've watched yet and I've been watching them all day for 3 days. Thanks Lucky.
Thank you for watching. Check out some of my other videos
Greetings Lucky this is Jah we spoke last year through We Management. Love what you are doing! Keep leading by example! Thank you for your time and professionalism! King Regards,Jah
Sorry for rant and rave? THANK YOU for the rant and rave! I am so glad I found you, just acquired some property on Auto row that used to be a big repair shop, been trying to figure out what to do with it. RENTAL EVERYTHING BUSINESS!!!! Thanks, will be talking soon. Won't be sleeping tonight.
So appreciative of your advice and transparency!
You are so welcome!
Love your content! Thank you for sharing your knowledge! Been a Turo host for about a year now and no complaints so far but this is the way I want to expand now!
Love your confidence really respect your business and intelligence in and planning to go into business with a rental license soon with a friend of mine in value your advice extremely much keep up the good work I will follow you and probably take your course as well
You make sense, thanks! I will see what I can find searching for how to start and operate a car rental business.
Good luck 😁👍
Thank you so much you've answered so many questions in this 1 video 📹😊 for me. Many blessings forward 🙏
Glad it was helpful!
You're right people need to and want to get around I've rented a pt cruiser to the public for 300 weekly faithfully.
😁👍💵
So glad I found this video! Im in the beginning stages of getting my LLC so I can use Turo and hyercar , I didn’t even think to get a rental car License. I’ll definitely be checking your course out.
thanks. and Good Luck :)
@@LuckyLopez777 I'm in a similar boat in L. A. With taxes being so high here I'm hesitant from the business aspect. I'm wanting to get a wrangler but am now torn with financing. I like the idea of trying Turo for 6mo. Thanks for the tip on the business leasing. If I buy it personally and like the business can I get a business loan to take it over from my personal loan?
Great information 2 minds think a lot just gotta get the rental businesses Ls soon start mines this month thank you for the information
You answered my question, I always wondered if there were line of credit available for rental car Business like for us dealers like AFC. Thank Lucky, little by little your helping me grow my dealership!
there are a bunch. just depends on what state your in. and I have relationships with the banks. to help set people up.
@@LuckyLopez777 I am located in Puerto Rico. Do you have any suggestion?
Love the content, I look forward to working with you.
Inspiring. Just subbed
This is the greatest info I've ever received
Funny you say all this because the message in this video is already my frame of mind. I'll be in touch to gain more knowledge and information.
Dam! Great informations thank you. Just started 3 weeks ago. 4 cars, been renting almost every day and usually not home.
Getting LLC license next and now thinking of adding commercial insurance. Thank u!
Good luck 😁👍
My son and I are taking your advice. I’m a car dealer (new to the industry). I see exactly what you are saying when it comes to this business. Thank you for the great insight.
thanks :) What city and state is your dealership in.
@@LuckyLopez777 Hello Sir. My dealership is in metro Atlanta. 25 mins SE of the city. I'm new to the industry so I'm soaking up as much information as I can. I just don't want to be what I call, "another car hustler." Many dealers just want to just sell cars. I believe there's more to it than that. Glad your podcast was suggested to me.
@@LuckyLopez777 I am in Chicago
Good info! Thank you
Thank you for watching 😁👍
Lucky: Great Video, I always smash the like button right off the bat. Excellent advice on not putting all your eggs in one basket. When you start rebuilding your automotive business are you going to include a rental car business as well as a dealership & garage?
Yeah. going to Do Auto Repair. and Rental car Biz first them in Dec a dealership
Love the content, I actually have my dealers license super small lot in southern california. I want to grow my fleet and also take advantage of the turo market getting cars wholesale ,but i cant get the financing for my fleet because of the age of my dealership frustrating
Go for it!
How does the dealers license help you get cars at wholesale prices?
@@CC-te4jz From being allowed into car auctions.
IDK how I missed this one Lucky. Good think I bought the course last night. ;) Do you think that there will still be a car supply issue in 2022 & 2023 as many are predicting? Especially given the fact that GM, FORD, and Mercedes have come out and publicly said they will keep inventory supply short and or go to order supply model in order to grow the MSRP's? I think that is short sighted on the Execs side. If the people said "Hell NO we won't buy 'em" they have to eat crow, so to speak. Well actually they won't, they will transition out and a new management team will come in. It seems even more important reason to go legit and do the licensed Rental Car business model.
Good informative video, thank you. God bless you.👍✌❤
Amazing info! Mind blown!
I try :)
Did you know now Turo is rejecting most claims to make more money. Thank you for such great information
Lucky thanks for the call. I'm pretty close to getting my license. I got a lease signed and submitting my paperwork to the state. We had a call last month, Anthony from Tampa
Congrats 🎉
Where are you choosing your site?
Near the airport or somewhere else?
What advertising are you doing?
Your right I just added another car to the platform and I noticed that they are still in complete control. I’ve had reservations canceled because I called turo support and asked them to substitute one car for another for my guest and then they start the conversation off like so what reservations would you like me to cancel.
It’s not smart to be strictly on turo.
Just like many people drive with uber they also drive for Lyft and other taxi platforms.
Or doordash Uber eats or grub hub.
Facts
Can you guide me in the right direction on the license or who to call you made a good point on this video
Thanks for the video. You should make a step by step video on how to get license.
Every state and county is different so I would be 100 videos lol.
Thank you for your video! Does it matter what LLC you use?
🔥🔥🔥🔥🔥🗣🗣🗣🗣 great content
THANKS
Have two locators on the car.
Show the renter where one locator is in the trunk.
Don't show them the one powered by the battery and tucked away.
Makes for a great surprised Pikachu face when you find them and tow them if they go rogue and steal the car.
🤯I’m getting my rental car license ASAP. I’ve been renting on Turo for two years. Subscribed!!!
Good Luck you will be happy you did :)
@@LuckyLopez777 Saw this video three days ago and applied for my passenger car rental license the next day. I have to wait 7-10 days for approval. To build lines of credit, is it the same as building any business line of credit? Like having net 30s with companies like Quill, Uline, etc. Also, I was looking up books specifically for building a car rental business and there are none
@@andrewakaroyal did you also set up a company to put your rental cars on? How do you build business credit?
@@CC-te4jz yep, created a company. I bought the cars under my business but I am the personal guarantor. So maybe the on time cars payments will build my business credit. I’ve done zero business credit building prior to buying the cars.
@@andrewakaroyalnice… what insurance did u end up using for your business?
Nice video 😊😊
Hi
Nice video!
What you do if the car brakes down?
How you deal with this situation?
Turo offers road assistance however if you are private what you do?
Tnx
What are 5 essential steps you recommend when entering the business? I want to look into box truck rentals but I'm unsure of what I'm looking for as a service, private rentals or contracts with companies? etc.
Thanks
Thanks for watching
A+ in the giant watch department.
Thanks 😁👍
Yea I need more insight that
Stay tuned in :)
what software do you use for the cars and renting. what tracking device you use
Please make a video how to get started with box rental trucks. It seems next thing. How a beginner can buy and rent them or be an owner operator. Please make a beginner guide video
Im keeping that one for my classes and online course since its a specialty
Thank you for this post . How do you gain auction access an obtain the 8 digit number needed after getting a car rental county license for my LLC ? Thanks
Where can you apply for you rental car license? I live in Pennsylvania, I also have a few cars in my name that I want to move strictly under my business.. any advice? Thanks a lot and great video
Customer is not always right, But the customer is always the customer. Don’t be short with customers.
True!!!
Thanks for a great info. Are a car rental license and dealership license two separate things?
Yes
One more question…Is it required to get your rental license period to even rent cars to the general public for making money? And if so how come it isn’t required if you’re renting cars through Hyrecar/Turo?? It’s the same thing
Gems 💎
🔥🔥🔥🔥🔥 good video
Thanks :)
Can you list a car/s on different platforms (rental license, turo,hire car,etc) ?
I just got my llc paperwork... i have 3 cars any advice how to go about the insurance once I finish getting the licenses?
🤯 so much information, I want to get started, what should I be doing first?
Watch my videos and subscribe 😁👍
Where do you promote the box trucks or vans for rent?
Hey there, Lucky im really late to the game. Im looking for some Guidence here. Im in San Antonio and Turo for me is not doing well. I wanted to see if I could get some answers to my current problems. Ive been running for 5 years and unfortunately made some bad mistakes. You think you have time for someone thats trying to make it and right some wrongs?
That makes sense, my only question would be what about advertising? Because Turo is popular and people know about it and they advertise for you. If we start our own rental company all together, how will people find us?
It’s all about marketing and advertising 90% of my rentals cane from social media
I am at the very start and I stumbled upon your page and subscribed. I would like to book a consultation with you. Should I use text or email would that be better?
Email is better
Never ever rent your car out on Turo or other sites like it first your basically giving those apps free money. Second you're insurance can cancel you and insurance companies do talk to each other about people who have a lot of claims. Third every time I have rented a car I buy the extra insurance because regardless of what that car is its going to get driven like its a Ferrari = fast and hard and I know I'm not the only one who does that.
Value man!
Thanks :)
Any information in Illinois licenses I'm trying to start a business near Chicago. Need a lot of help.
What kind of watch is that? I like it. Looks nicer than a Nixon 51-30. I think it's Hazard 4.
Rockwell watch
Thanks so much for posting this. I'm a current host on Turo and people have been reaching out to me trying to rent my vehicles outside of Turo because of Turo's expensive fees. I've been stuck on how to go about that because of insurance and rental agreements. People have told me all I need is their insurance information, a rental agreement and a deposit from them and I'll be fine? Would you suggest I wait to rent outside of Turo until I get my rental car license?
Not true. you need a license if they crash your car and your not a business the insurance can deny you claim
@@LuckyLopez777 Thanks for your response. You have a video on the steps of getting a car rental license? I already have my LLC set up.
Great Video! Could you create a scenario with a rent to own program? How would you format the contract?
Sorry that’s in the class. Can’t give away all my secrets 😁
What’s a rent to own program? Is that a lease?
Awesome. You r making efforst to buy your program. LOL!!! I havent done it due to cero credit.
have to start somewhere
Did secure credit card but that's gonna take 6 more months
What about advertising when I’m open rental company? Thank you
Where do you apply for the rental car license in California
How does one go about getting a rental car license?
I was kicked off turo for unknown reason before I even started. They said they don't have to disclose it to me. So screw them.
that sucks. F turo
Can u start a rental business with one car? And how much would u charge?
Really interesting... trying to find out requirements in my state (Oregon) - any pointers on how to find it?
all in business licensing dept
@@LuckyLopez777 thanks will call them Monday. State website says one is not required but that doesn't sound right.
the real problem is where to park your fleet
Question: can you use your car rental license to buy cars at auto auctions?
Does this liscence exist in canada?
I have a dealer license and heard I can rent cars under it is that true or can I also get a rental car license under the same LLC
I see a number of posts here where folks have both a dealership license and rental car license. Why are those important to have together? Also what are your thoughts about having your own body shop?
all automotive business. feed off each other. I had a Auto Repair. Body Shop. Dealership Car rental. Upholstery and accessories at my last place I love body shop make a video soon about them
I currently have 4 cars on Turo. I been doing it for 1 year. I would like to get my rental license can you point me to a website or someone who can guide me?
Can u help to get a car rental license in the state of Indiana
How can I book a call turo isn’t cutting it anymore with their fees
I want to do this
Dude at least the first 3 minutes is never rely on one business source!!! We fucking get it!!! To the point please!!!
I repeat for a reason
I'm a small used car dealership. I want to add rental cars to my lot. I don't want to use Turo. I'm in NY state. Would you be able to help me?
Turo is a terrible deal for the car owner! They carry all the risk without proper correlating upside. Don’t do it unless it’s a just a temporary stepping stone to a bigger strategy that doesn’t involve it.
I have a dealer license, is it beneficial to get rental car license as well?
I've been in the gig economy since before it had a name.
Any company you contract with will eventually cut your income.
No matter how good you are, they will see you as an expense, instead of an asset.
Turo does not allow you to be on others platforms. That came out a little over a year ago
Turo tries to bully people to use only them
Great content! Although I have one question. Can you help get me in contact with lenders who primarily deal with new buisness?
I can but we save them for the classes. but you can work with your local credit union
@@LuckyLopez777 Everything has a price, if you have a list of contacts that will guarantee funding for a new rental car buisness, I'll pay for the info. I would sign up for a class but I've been learning about the industry for over a year now just missing this last piece of the puzzle!
I sell more classes to rental car companies than new start ups. theres alot of good info in there. if you would like to book a consulting call. i can go over everything. Lucky@Automotivelife.com
I'm being a dealer for over 7 Years and own my lot. I would like to provide this service without franchise garbage fees. But I don't know how to start. I know everything about car industry. From car auctions to finance. But no clue in rental.
Me too
What kind of vehicle lockdowns you have when the client doesn’t give you back your vehicle, what’s the name of it
There’s lots of different ones are use gold star GPS it’s called a starter disabler once they turn off the car the car will not start any more until you press the button from your end
Do you have a video on how to get renters car license?
I have a few videos but every state is different we usually cover in our classes or consulting calls
How to get a rental car license in California?
how you advertise your rental cars
How Can I receive funding for this type of business, there is so much to learn that I’m so confused. Also where do you even find insurance. I know a lot of insurance companies who don’t do rental insurance… and so many more. I have a lot of questions is there a way to contact you or something?
Book a call. Lucky@Automotivelife.com
Can you buy cars from a dealer auctions ?
With rental car license, can someone rent a rebuild title vehicle in Georgia?
Hi Lucky, Great content! Thanks in Advance. This may be content for its own video.
We are in Florida, and recently took delivery of 2 Polaris Slingshots. We have Personal Liability insurance via StateFarm and trying to rent on Turo, which is saturated and rental rates are low. We know someone with 4 Slingshots, and often is in need of more. He would like to broker ours, he has insurance coverage through MBA, when we reached out to MBA, they no longer provide coverage in Florida:(. If we got our Car Rental License, or if we decided to broker through him, can you shed some light on what insurance coverage we would need, and what companies provide that coverage?
That’s a long complicated question to answer. I would book a call But I don’t ever broker my cars out to people unless we are both licensed rental car companies.
@@LuckyLopez777 naming 1 insurance is hard to answer? You just want people to buy your unneeded course that most likely has saturated simple answers 🤡
@@TrapstarWock if you paid attention to the video, you would understand that I can tell you my company is called sunrise insurance, but they’re only in Nevada and only in several ZIP Codes every state every city every county has different laws and regulations and liability limits. That’s why it’s so hard to find a rental car insurance.
If I set up my LLC now, what is a realistic time frame on building enough business credit in order to he able to purchase a vehicle through my entity without personal guarantee, & my understanding is that purchasing a vehicle in a business comes with higher interest rates & higher insurance costs potentially killing profit margins unless I'm already rich and can afford to buy 10-20 vehicles to start & make the profit on volume. Is this realistic for someone who can only afford to start with just one vehicle?
1 week. depending on Personal credit
Can I buy cars from auction for Turo with a rental car license?
How do I get a rental car license?