My Turo Exit Strategy! How I buy cars for Turo. When to get out

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  • Опубліковано 29 січ 2020
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КОМЕНТАРІ • 531

  • @autopiawholesale
    @autopiawholesale 3 роки тому +153

    As a prior GSM with luxury brands I think you nailed it! it’s a huge benefit to know how these sales managers think. Some nights I would have done almost anything for a deal.. Step up on a 1yr old Vette? No problem! Just do it. Make any deal. The top sales person approach is great, definitely your best play if you can’t get the sales manager on the phone or better yet work directly with the GSM, just call him like he’s your old buddy...just another way to cut straight through the clutter. Knowing your numbers is the key, the sales manager can assemble you numbers in 30 seconds, you should know them that good too. Find the SM or GSM and work the deal over the phone. Just remember they need deals, every day.

    • @saimahsexperience
      @saimahsexperience  3 роки тому +6

      Thank you for this awesome input!

    • @crushinggiants995
      @crushinggiants995 3 роки тому +8

      You should make a channel about this Scott

    • @shonnbennett7682
      @shonnbennett7682 2 роки тому +1

      How do I figure out who the top sales person is if you walk in whoever you talk to is going to say they are. Lol

    • @Jdonaldson901
      @Jdonaldson901 2 роки тому +1

      What’s the key to finding the best sales manager… When I purchased my first challenger I feel like the guy I was working with was new due to the conversations we had during the process and also I end up buying into what they wanted my price to be

    • @guysumpthin2974
      @guysumpthin2974 11 місяців тому +1

      @@saimahsexperience ❤️❤️❤️, but is that a “slingshot”= huge liability (get rid of it) . When the front end has 2x the stability of the rear end , abrupt spin-outs” are inevitable . I’ve seen the remains, in all types of traffic. Similar to having 40lbs of air in all but one rear tire having 5 lbs (and then drive it aggressively)

  • @SHEQUAN
    @SHEQUAN 4 роки тому +107

    You are literally incredible. Also extremely good at speaking with flow, no edits what so ever.

    • @dailyfuturetrades4998
      @dailyfuturetrades4998 3 роки тому +1

      Great vid! New York laws are different for Tyro

    • @trecome396
      @trecome396 2 роки тому

      🙄

    • @ninovigil2254
      @ninovigil2254 Рік тому

      Exactly. Her content helps a lot . Very well explained and chopped up pretty good 👍😊👍

  • @A_M2052
    @A_M2052 3 роки тому +158

    No cap I just came because she’s Hottie... 😍.... I STAYED because she’s A Smartie 🙏🏾

  • @ORIGIN-qy1ve
    @ORIGIN-qy1ve 3 роки тому +40

    She definitely EDUCATED me on this and I am GRATEFUL !!! She gets straight to the point.

  • @martellparks1450
    @martellparks1450 4 роки тому +4

    by far one of your best videos. this was so much value.

  • @jeseniaespinal6350
    @jeseniaespinal6350 3 роки тому +26

    Wow, you really broke it down. This was one of the most clear and informative videos I have seen. I really appreciate you for making this video ❤️🙏

  • @mr.drizzay7947
    @mr.drizzay7947 4 роки тому +4

    Thank you.. not sure if your reading this . But the time you taken to explain to us in detail is soooooooo amazing to me for me and others you answered so many questions I had, you are a true QUEEN

  • @dj1ei8ht74
    @dj1ei8ht74 3 роки тому +6

    I know this video is a year old, but you are the truth! Great business ethics, logic and details. Thank you for this video.

  • @PurposetheSaviour
    @PurposetheSaviour 3 роки тому +2

    I’m glad I came across your page amazing info 💪🏾🔥🔥

  • @tosha904
    @tosha904 3 роки тому +3

    Awesome! Totally changed my perspective on car buying to run a business

  • @LaniKauvaka
    @LaniKauvaka 4 роки тому +2

    Thanks for all of the advice! Definitely want to get started!

  • @bugged120
    @bugged120 4 роки тому +5

    Excellent overview and solid suggestions. Thanks 😊

  • @teebrown1986
    @teebrown1986 3 роки тому +1

    You do a great job of explaining your process with detail. Very professional. Thanks

  • @NathanShutes
    @NathanShutes 3 роки тому +1

    I haven't even finished this video yet, but it's pure gold. Thank you. I actually own a C7 as a personal car, so I know what you are saying it dead on.

  • @AboutMyIssue01
    @AboutMyIssue01 3 роки тому

    Man.... The fact that your knowledgeable and informative .. Thank you.

  • @deanlicorish9219
    @deanlicorish9219 4 роки тому +3

    THIS VIDEO WAS SOOOOO GOOD!!! OMG, CLARITY! THANK GOD FOR YOU!

  • @dkimanib
    @dkimanib 2 роки тому

    Nice video, very clear and informative no distracting music or gimmicks. Thank you for posting.

  • @aswadmalik1740
    @aswadmalik1740 3 роки тому +1

    I enjoyed your perspective. If I move forward I will use you as mentor through your vids.

  • @johnlamb4465
    @johnlamb4465 3 роки тому

    You are so on top of this and its awesome. Great video!

  • @Marlon.Persaud
    @Marlon.Persaud 3 роки тому

    wow, this is EXACTLY the information I was looking for! Thank you! 🙏

  • @daddysfreepicks
    @daddysfreepicks 4 роки тому +3

    I can listen to you all day.

  • @ArchWayE
    @ArchWayE 4 роки тому +2

    Great informative video as always.

  • @L1GHT119
    @L1GHT119 3 роки тому +1

    Thanks for sharing! Very informative and well received!

  • @tareancarter6570
    @tareancarter6570 3 роки тому +1

    This video makes 100% sense and I work at a dealership for a few months

  • @ThePatDoran
    @ThePatDoran 3 роки тому +1

    Great video! Thanks for making this. Car sharing for passive income is something I’m looking to get into and this video is extremely helpful!

  • @edwardv4546
    @edwardv4546 3 роки тому

    Wow. This video was so thorough. Thank you for posting.

  • @DC-se3vr
    @DC-se3vr 3 роки тому

    Great information. I already need an exit strategy for my vehicle. An auction sounds like a great idea. If I could sell mine back an replace it with a higher end that would be great. I used that exit strategy you mentioned on my last car to clear the equity. I’m definitely going to look for used cars first now with good resale value. Thanks a bunch.

  • @illgazillion
    @illgazillion 4 роки тому +1

    Thank you, this helps me out a ton.

  • @martinextraordinaire
    @martinextraordinaire 4 роки тому +3

    Great information

  • @amadsamara7949
    @amadsamara7949 3 роки тому

    This is such valuable info!! Thank you!

  • @ChrisBrownREPro
    @ChrisBrownREPro 3 роки тому +1

    Appreciate the input and knowledge...

  • @tharindudharmakumara5554
    @tharindudharmakumara5554 Рік тому

    You are awesome man ♥️ you speak your real-life experience without hiding anything 😍 wish you all the best with your business and may your all dreams come true !!!!

  • @bluewilliams5991
    @bluewilliams5991 3 роки тому +1

    Thanks for the help. This clear things up

  • @DevinSymone
    @DevinSymone 4 роки тому +2

    Great video thanks 4 sharing!

  • @carshark2147
    @carshark2147 Рік тому

    I've watched many of your videos last 2 years. You do a great job of explaining every aspect and every avenue of how it works.
    Best Regards. The Car Shark 🦈 .

  • @JTthestreetking
    @JTthestreetking 2 роки тому

    Thank you for all the great info. You are very research heavy and you convey info very well. GOD bless you!!

  • @marcospelaez5970
    @marcospelaez5970 2 роки тому

    You’re one of my top UA-camrs to go to for Turo information, watched a lot of your videos. Very informational. Just put my personal car on Turo on a whim last week. I’m already booked for the majority of this month and next across 5 mid or long term trips. My first booking was 30 minutes after posting and all the other trip bookings happened within the first two days of being posted.
    Now I’m thinking of buying cars specifically to rent on Turo and you’ve been a lot of inspiration and education for me. Excited to learn more and see where this goes!

    • @saimahsexperience
      @saimahsexperience  2 роки тому +1

      that's amazing! so happy to hear that! please keep us updated time to time on how things go for you!

    • @marcospelaez5970
      @marcospelaez5970 2 роки тому

      @@saimahsexperience thanks so much Saimah! The first client just returned my car yesterday and gave me 5 stars! My next rental begins in two days - getting my car nice and clean tomorrow. I will definitely give another update after my next few trips.

  • @kensg
    @kensg 3 роки тому +2

    Thank you for this information, I never knew this ..thank you :)

  • @EnjoyTravelUSA
    @EnjoyTravelUSA 3 роки тому +59

    I love how you explain everything. Really cool video.

    • @VladTechGuy
      @VladTechGuy 3 роки тому

      xD nice даже ты тут)))

    • @Theo-dj7vs
      @Theo-dj7vs 3 роки тому

      Influenced much?

    • @DjJSlink
      @DjJSlink 3 роки тому +1

      Simp!

    • @antoinepowell649
      @antoinepowell649 3 роки тому +2

      @@DjJSlink so wait if u get information from a woman and u thank her u call that simp 🤔

    • @happydays454
      @happydays454 3 роки тому

      Simpson's!!! Good job

  • @dr.ghaith
    @dr.ghaith 4 роки тому

    Great video and info. You are very smart and knowledgeable about this

  • @keithwalters221
    @keithwalters221 3 роки тому

    Great advice I get it now it was everything I needed to know before I started

  • @Dspier23
    @Dspier23 2 роки тому

    @19:30 mark .... you are so so right! I am in the Auto Industry and planning to start Turo on the side. However I have been the Salesman of the year 4 years straight and going on #5 now. Through my experience you hit it right on the nose it's all about units and time we have a way better understanding of what works and what doesn't work we also have a better sales relationship with the sales desk and finance department. As for a rookies or a "Green Pea" that is what we call them. They are not going to get as much leeway if we need to reduce the price of certain items. With the Green Pea the sales mgr or the "Desk" which is who says what goes numbers wise are going to hold the rookies feet to the fire and not budge as much in efforts to try and train them as well. Your statement about the value of the vehicle in a year and negative equity is key. Kelley Blue Book is another tool you can use to gauge the value of your car in a year. This will definitely fluctuate with the market. But at lease can get a ballpark value with the added miles. GREAT VIDEO! 👍🏽 THANK YOU

  • @user-rm9uh1jp7z
    @user-rm9uh1jp7z Рік тому

    Very informative information. I appreciate that you're sharing great information of value to folks considering getting into the Turo car-sharing business.

  • @rockyortiz6620
    @rockyortiz6620 3 роки тому +2

    Extremely talented young lady, very informative, Thank you for the advice.....

  • @truthseeker123
    @truthseeker123 2 роки тому

    I’m on car 4 now, just seen you video and definite value so thanks

  • @nashsaleem2156
    @nashsaleem2156 3 роки тому

    brilliant, very knowledge and informative. thank you for all the information.

  • @christophermoreno9525
    @christophermoreno9525 4 роки тому

    I have much to learn. Thank you!

  • @imrichbtch1995
    @imrichbtch1995 3 роки тому

    This helped my business so much thank you

  • @MrNatefitz
    @MrNatefitz 3 роки тому

    Keep giving advise, The Car Guy 👍🏽

  • @MrSuperman0994
    @MrSuperman0994 2 роки тому

    You’re so dope. Thanks for taking the time to do this

  • @BLESS59
    @BLESS59 3 роки тому

    Hey good morning now in all fairness the smile and beauty is what completely brought me here but ur knowledge and experience definitely made me have a seat🤷🏽‍♂️...I love a Beautiful Business woman, I would pay for ur knowledge, great video!

  • @yenielcazola5307
    @yenielcazola5307 4 роки тому +4

    Gracias por compartir tus conocimientos,thanks a lot for sharing ur knowledge with us ,I’m starting soon on this business,trying to get me a BMW ...mucha suerte en tu negocio ( cuba is in the building mami 👊🏽)

  • @UndefinedSolutions
    @UndefinedSolutions 3 роки тому

    Great content thank you for this information very useful

  • @jeffshearer7800
    @jeffshearer7800 2 роки тому

    So thorough on all angles. You are a brilliant one.

  • @drchrisfrykman7573
    @drchrisfrykman7573 Рік тому

    Very thoughtful. Thank you.

  • @stbrown24
    @stbrown24 4 роки тому +31

    This woman is dropping major keys an knowledge wow! Thank you!

    • @MHM828
      @MHM828 3 роки тому

      Corvette keys sound great!

  • @alexgreene7939
    @alexgreene7939 2 роки тому

    Great videos thank you for all the information!

  • @robertsamuel2990
    @robertsamuel2990 2 роки тому

    Awesome information ℹ️

  • @ScottyNandoMusic
    @ScottyNandoMusic 3 роки тому +2

    Thank thank you, between music and Turo you’ve helped me bank 7,00,000. You’re very helpful don’t stop

    • @Kasaner
      @Kasaner 3 роки тому

      yeahhhh let’s go with that

  • @Rbakerjr03
    @Rbakerjr03 3 роки тому

    Awesome information!!!!

  • @cedrichylton6256
    @cedrichylton6256 2 роки тому

    Great video! Very informative. Will definitely be using these tips

  • @jamesrobinson2017
    @jamesrobinson2017 3 роки тому +1

    I'm subbing to you channel. Great info. I'm ready to get a second vehicle here in Houston, just need to decide...maybe an X series, JGC Summit, or Fiesta

  • @billionairestatus539
    @billionairestatus539 2 роки тому

    Thank you for this

  • @kirkdunn1379
    @kirkdunn1379 3 роки тому

    Had no idea this was even a thing.....ive bought 2 trucks in 2 years and about to buy my 3rd....I was smart, got good deals and recently bought a truck during covid thats in really high demand so I can get out of it for 0 cost aside my monthly payment.....learn something new everyday.....very well spoken presentation 👏

  • @ermexik8
    @ermexik8 3 роки тому

    thanks for the real life examples

  • @mynumerologynumbers
    @mynumerologynumbers 2 роки тому

    I had so many questions this morning about the purchasing process and risk. The algorithm brought me here.

    • @saimahsexperience
      @saimahsexperience  2 роки тому

      awesome! definitely check out my new video it breaks it down even further ua-cam.com/video/Xbugx5RFbN4/v-deo.html

  • @eliasdiaz2634
    @eliasdiaz2634 4 роки тому +10

    Very good information to consider when doing Turo. I feel trade in value depends highly on a lot of variables such as Geographic location. Jeeps here in Texas are up there for resale values with pickup trucks. Everyone owns and wants a pickup truck or Jeep to modify. I got a good amount on my trade for my 2013 Jeep Wrangler compared to other cars...

  • @markiscouch6729
    @markiscouch6729 3 роки тому

    Interesting! Informative! Thanks.

  • @papat6969
    @papat6969 4 роки тому +2

    Thank you so much!!! Starting Turo has been good so far thanks to your advices.

  • @danieldwyer3555
    @danieldwyer3555 2 роки тому

    Very Informative Thanks!!

  • @MooreLegacyFarms
    @MooreLegacyFarms 3 роки тому +1

    You’re amazing and I love your strategies. I wanted to follow those who looked at this truly as a business with a wealth mindset. My husband and I are super excited to learn more and look to your trainings as well.

  • @ivanleyva5047
    @ivanleyva5047 3 роки тому +3

    Bueaty & brains, subscribed.

  • @deadmankilla
    @deadmankilla 3 роки тому +1

    Just subscribed! Can't wait to learn more! Are you in houston? Would you do a sit down in person to mentor me!?!

  • @byzik3114
    @byzik3114 4 роки тому +4

    Great video! I started with a 2018 Camry I didn’t use and it’s been great but I want to expand more and was looking at use cars and this video brought a more clear point to me, with the cost of maintenance and all, thanks 🙏🏼

    • @amaturearcadia
      @amaturearcadia 4 роки тому

      So have you expanded and what are you earning after overhead with the Camery

  • @facetiouslyinsolent8313
    @facetiouslyinsolent8313 4 роки тому +27

    Wonderful information, for anyone new to the auto industry reading this stay "far" away from dealer add-ons. Dealerships regularly charge 200-800% and up for something you probably don't need or can do yourself. As an example a dealership I worked for charged $270 for fabric protection. For under $15 you can get 2 cans of Scotch guard and spend 10 minutes of your time to you save $255. That's a 1,800% mark-up and people buy it! Even worse, imagine paying interest on that insane mark-up. It's brutally painful.

    • @PatriotsTribe
      @PatriotsTribe 4 роки тому +3

      Very true, except in certain situations like she’s taking about. Otherwise it’s better to put cash down to to get rid of negative equity and calculate your cash on cash return over the life of that loan.

    • @user-vl2zh6bj6x
      @user-vl2zh6bj6x 4 роки тому +2

      My dumbass paid 800 dollars for some lux care package upon buying my 2015 STI

    • @paulaevans6291
      @paulaevans6291 3 роки тому +5

      @@user-vl2zh6bj6x Lol! You're not dumb. I like to say people don't know. People think it's better because it comes from the dealer; they're in business to make money.

    • @user-vl2zh6bj6x
      @user-vl2zh6bj6x 3 роки тому +3

      Yeah, I paid $800 for 6 bottles of automotive detailing..And I bought an extended warranty (at time of purchase) for $1800 which just expired and I never used it😔😖
      * 🤔hindsight is 2020 as the saying goes!😬

  • @futures.scalper.808
    @futures.scalper.808 3 роки тому

    Thank you!

  • @Renould2010
    @Renould2010 2 роки тому +1

    Excellent, great job explaining, this data, on renting a car on Toro, Keep Shining, Bright, 😍🥰💎👑🌟⭐️💯👏👏👏👏👏👏👍.

  • @Janeduh27
    @Janeduh27 3 роки тому

    Inspirational!

  • @davidkirkley8985
    @davidkirkley8985 3 роки тому

    Great Info

  • @patrickobrien3333
    @patrickobrien3333 Рік тому

    9:45, but I like shiny things. I have started contemplating starting a Turo business, but haven't made any decisions yet. I appreciate you informing us how important it is to do research prior to just jumping in head 1st. I see you have some more recent videos, also. Thank you for the tutorial. I hope you have great success in your business.

  • @krystalsperfectteeth8194
    @krystalsperfectteeth8194 4 роки тому +4

    You are a true inspiration to me.

  • @consaka1
    @consaka1 4 роки тому +7

    Its good for you that you are in pretty good weather all year. Up here in WA I don't think I could rent a Corvette out that much. I'd love to try though.

    • @user-lc7zt8sk6i
      @user-lc7zt8sk6i 3 роки тому

      Keep us posted on how it goes!

    • @consaka1
      @consaka1 3 роки тому +1

      @@user-lc7zt8sk6i My current goal is to get out of it. I just don't have time anymore and with covid-19 I'm losing money left and right.

    • @user-lc7zt8sk6i
      @user-lc7zt8sk6i 3 роки тому +1

      @@consaka1
      I didnt want to assume anything, but that's what I was imagining and wondering.
      Thanks for the reply!

    • @onesmoothcat
      @onesmoothcat 3 роки тому

      @@consaka1 what year is it, i may be able to sub lease from you. if still available

    • @consaka1
      @consaka1 3 роки тому

      @@onesmoothcat I don't have a lease.

  • @glimaboston
    @glimaboston 4 роки тому +12

    Saimah, love your videos! One important thing, though, on the Corvette example. Don't you have to factor in insurance, in addition to the car payment? Not talking about Turo's insurance cut (in your case, 15%), but your own personal insurance on the car for the times you're driving it.

  • @Ectodex
    @Ectodex 3 роки тому +1

    Very knowledgeable information! I’m 18 and have been doing research on investing into car rentals but I loved the info that you shared in this video. Are you by any chance a financial accountant or something?

  • @queensoniah2056
    @queensoniah2056 2 роки тому

    Very intelligent. Great video!

  • @coojoza
    @coojoza 4 роки тому

    Interesting for sure

  • @black12212
    @black12212 4 роки тому +4

    I would suggest buying a car that is already 2-4 years old. The bulk of the depreciation is already in place by then, plus the car is new enough to still have a lot of life in it.

    • @JohnDoa1980
      @JohnDoa1980 3 роки тому

      This is what I decided is going to be my strategy if I start up with the Turo business. Buy later model cars at a value that still have a lot of shelf life in them. If you can get a dealership licence and get them at auction that's gold. Great minds think alike.

  • @RonalValerio
    @RonalValerio 3 роки тому

    Thank you

  • @majidmohammad4820
    @majidmohammad4820 3 роки тому

    Well done

  • @jaimenavarro4345
    @jaimenavarro4345 3 роки тому

    Thanks!

  • @asktonywhy
    @asktonywhy 3 роки тому

    Okay everything she is saying is great. What she didn't talk about beside the car payment is also the insurance payment. When financing the car I have to get my own insurance to satisfy the bank who is giving me the loan. So it's not only the car payment, there is also the insurance payments.

  • @physicianslounge4457
    @physicianslounge4457 3 роки тому

    Nice video.. stay blessed

  • @andriymamonov3438
    @andriymamonov3438 3 роки тому

    I give you like because you are giving important information for free

  • @ahmeshmughal1406
    @ahmeshmughal1406 3 роки тому +2

    Can you make a video on how you choose your coverage?

  • @raysyd5643
    @raysyd5643 3 роки тому

    Nice, just got started on Turo. Thanks for the experience

    • @sgtmac3431
      @sgtmac3431 3 роки тому

      How's it going for you so far?

    • @raysyd5643
      @raysyd5643 3 роки тому +1

      @@sgtmac3431 First month was great, then the car had a little damage that got taken care of by the body shop. Rentals seem to have slowed a lot recently with the new higher pricing.

    • @sgtmac3431
      @sgtmac3431 3 роки тому

      Good to know, thanks for responding. Best of luck moving forward.

    • @aymenem5304
      @aymenem5304 3 роки тому +1

      Who cover the damage ? You or the client

  • @francgride7526
    @francgride7526 4 роки тому +1

    Great video :) any tips for porsches on turo? Thanks

  • @KarelleDIY
    @KarelleDIY 4 роки тому

    Great content as usual Saimah.. But to anyone looking to start TURO. *RESEARCH* your area First!! Corvettes are a great choice for her area but may not be for yours! You don't want to buy an expensive car if there is no demand for it in your area.

  • @Dc-luxury-motors
    @Dc-luxury-motors 2 роки тому

    Good video.

  • @jykirachanelle2599
    @jykirachanelle2599 3 роки тому

    You remind me of Saanvi from Manifest 💙 thanks for the information.

  • @victorsinclair188
    @victorsinclair188 4 роки тому +2

    So much wisdom here! 👏🏾👏🏾👍🏾😃