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#5: Tesla #4: Crossovers #3: Porsche #2: BMW 2S Convertible #1: Corvette C7 I wouldn't start on these right off the back, get some experience with something less expensive. BMW 2S can be good but are pricier on maintenance, just a note.
Here's a tip for the best car....start with a cheap CHEAP car that *YOU* think will do well in *YOUR* market and test it! Test the rates, test the customers and most of all test the risk (liabilities) *HERE ENDETH THE LESSON*
@Diallo Bushongo if it’s not your daily driver , it will likely take you 5+ months to break $3000 net profit if it’s rented 20 days per month. I would say sell it.
@Diallo Bushongo I would keep it. Even if you made your money back in 5 months, subsequent months are pretty much income. Of course you will have maintenance. You have the exact history on that vehicle since you drove it, which you don’t have if you buy another used vehicle.
I listed my Mazda CX-5 on Turo two months ago to try it out, and it’s been booked everyday since. I purchased two cars yesterday, and am going to have a fleet by the end of the year. Your information is priceless to me at this stage!
Ever since I started implementing that tip you gave of always telling renters they have the option to extend their rental if they want has gotten me 2 out of my 3 last renters to extend for 3 days each! Thanks again 🙏🏼
You should have 4-5 times the subscribers because your content is phenomenally organized, on-point, detailed and your English delivery is absolutely smooth and impeccable.
People don’t usually subscribe on these kinds of videos because they usually only watch one and there isn’t much personality, but I do hope she grows more!
@@Eric-sg4ts When someone is articulate, clear, and delivers the message in whatever language they are using, then it is appropriate to give them positive reinforcement and let them know they are doing well. It speaks volumes that you have a problem with that.
Few things o have learnt so far on listing vehicles No emotional attachment, understand the the coverage policy, picture taking is important, location matters, install a gps kill switch and get that emergency fund rolling.
I like Uber to rent & I want to rent out my 2018 Nissan Altima SL w/ 104,807 miles on it now. I'm making $2,000 a week as an Uber driver in Virginia, D.C., Maryland area! I just got $8,350 PPP loan from Womply & plan to pay off my car loan to purchase a minivan to make more income with Uber XL then rent out my 2018 Nissan Altima SL with either Uber or Turo which ever pays best. Love to make money from my current Nissan!!! Great video!!! You got my creative money making juices flowing!!!
Mercedes C class is an amazing car. Down payment and monthly costs are relatively low. That thing does about $1000 profit each month which is beautiful. I would prefer that over something more expensive with horsepower. I had a BMW m4 listed and it was more of a headache than anything. C class for the win 🙏
We're just outside Orlando. We had one Grand Caravan on the platform and it was booked almost solid. So we purchased a second one and listed it late yesterday afternoon. Had six bookings come in on it before I went to bed last night. Families on vacation coming to the Happiest Place on Earth - minivans just make sense in our market!
I just started listing on Turo with 17 honda sport, and a 19 Jeep wrangler unlimited. Your videos are keeping me optimistic, educated, and confident. Thanks.
agree on the lower end, luxury brand. My BMW 2 series, makes as much as most 3, 4, and 5 series. Enough that a copy cat in my market recently saw mine doing well, and bought two 2021's to list. I got a great deal on it before the great used car shortage started, and the blue book on my 2 continues to rise. It's bluebook is $2-3k higher now than it was at the beginning of the year. One of Turo's listed highest ROI cars, is also the BMW Z4, which used to be able to be found, used, sub $20k. I got mine for around that, and it's my most consistent performer. After 10 years of owning BMW's, I find them to be tanks. High cost parts, but break down relatively little. Replace the ignition coils on anything around 10 years old, and you're set.
Cheap $8k cars like Corolla and Elantra. They rent for $40 and average 15days of rental. After 30% Turo fee you’re making $420 a month. If you buy BMW’s for CPO. 2018~2019 models. 5series goes for 30k and x4,x5 goes for 35k they easily rented out for $150 a day in my area. Average 15days of rental after 30% Turo fee you’re making $1575 a month. Just do a simple math. You’re making about same revenue per investment. Why do you want to stress yourself 4x times for checking in and out , maintenance and such. Also not everyone has endless parking spaces. Ppl will say “but BMW’s cost more to maintain.” Yes that’s why you buy CPO. Most parts are still under warranty. Normal routine like oil change and tire costs more indeed but maintaining 4 cars costs more. Also cheap old cars has random parts that breakdown Also Tesla’s are good choice if you get used model s and model x since there’s way too many Model 3’s out there and there’s ppl who just trying to make their monthly payment on the car so they lowball their price. For example there’s one lady renting out her model 3 for $70 in my area. $70 for $40k car? That’s really no brain. For $40k, you can buy 2016~2017 model s which can be easily rented out for $140~160 a day. Used Model X price is around 50~55k but they goes for $180~$220 a day. Also I love longer term financing. Prefer 72mo minimum and better if 84mo. Why? I usually make 2.5~3x of monthly payment on my Turo rental cars. At that rate I can pay off my car within 20~22month. Also there is a chance for total loss and that’s when gap insurance kicks in. For example, I bought CPO 2017 bmw 540i in November 2019 for 33k (tax title included) and sold it on april 2021 for 29k ( yes I was lucky with current used car price) I owned that car for 17 month. $4750 for 17mo and $1530 for insurance and $830 for maintenance. Total cost of ownership over 17month : $7110 I made $26450 from renting, $4300 from reimbursement (over mileage and smoking etc) and $2640 from claims. Total earning : $33390 So $33390 - $7110 = $26280 over 17 month. 1 car made me $1500 a month net profit. I only own 5 cars because i have full time job as a engineer and I only have parking spaces for 5.
How did you manage with the turn over while working a 9-5 job? Like exchange of keys? Pick up/drop offs? Did they come to your house for pick? Also, did turo take 30% or less?
Thats incredible. You should do a video breakdown on this for beginners like me. Like top 5 cars a beginner could go finance right now and make profit.
My uncle rents one particular c7 stingray that's electric blue every time he visits me in south Florida, and he literally has paid $2000+ for one week, 3 years in a row. Corvette people will always be Corvette people.
If you are going to rent a Tesla on Turo, (Host or Guest) the host should know the product and be able to support it. Driving an EV is a totally different experience, and if the host can give the guest an excellent experience, including recommendations while they are on their trip, they will enjoy the trip more. If your host doesn't drive electric, that's a dead giveaway that they won't be able to answer a guest's questions. I read a comment in here about guest's driving the car down to zero %. Tell the guest why they shouldn't drive down to below 20%. In a Tesla there are multiple reasons why they shouldn't and even when it's not too big an issue. But again, host without knowledge of the product will result in issues. Also I don't rent short term trips. Minimum 5 days right now for me. Maybe that's less revenue, but the hour plus it takes to wash the car isn't worth my time on a day or two rental when factoring in depreciation that comes from guest's driving the car. I'm only 3 trips in on Turo with my Red Tesla Model 3 SR+ with FSD, and I'm also doing it to share the experience on UA-cam, but I'm all electric, all the time. Sharing the Data Because it's Electrifying!
I’m in Jacksonville, FL I tested my 2021 Jeep Wrangler out and made $1000 with 3 trips and one of those was a same day trip. Looking to purchase a car now!
Hello, my name is Tony I'm in Louisville, KY and I'm also a Turo host, I'm the top host in my city and state, I have over 1,200 trips, I make over $300,000 a year with only a 17 cars fleet! I love your videos and interviews and would love to do one with you and talk business!
Hello, my name is Tony from Louisville, KY. I'm the top Turo host in my city, I just started a year ago and now have over 1,200 trips, 17 cars fleet, and make over $300,000 a year! I would love to do a video with you and talk business!
I don’t know shit about toro but I’ve been selling cars for years and can say there are zero cars available for 18% under sticker right now. That’s nationwide right now. In fact we’re selling used cars for new pricing. Oh and there are zero C-8s available brand new anywhere in the country. You’ll be paying 20k over sticker if you did find one. Used C-8s are selling @15k over the new price.
Can you enlighten us on how to deal with guests that bring the car back reeking of smoke/cigars? I am a really nice guy that lets a lot of things slide. Not this time, as the smoke smell gave my pregnant wife an asthma attack. I think showing how and when to charge for incidentals will help a lot of people that fear doing that in order to avoid a bad review.
@Sandy Shines How cam I keep my personal home address private from renters based on my vehicle registration? Turo requires personal registration and insurance proof in the car.
Prius is #1 money maker monthly. If those 5 only get rented 1 or 2 days they won't really make money sitting in the garage. Prius is gone 20 plus days monthly.
Excellent video! I'm looking to start on Turo next summer as a new income. Watching your videos has been a huge help. While watching your C7 unload, I was wondering, who do you have deliver your cars most frequently? I'm looking to find a better service for my cars. Keep up the great work!
Have you had problems with the Tesla with people running the battery to zero? I have 5 vehicles doing well and just bought a Tesla in January and every renter has ran the battery to zero so far.
I completely and 100% related to what you said when you first started with stocks it all looked like gibberish. 😸 That is exactly how I feel right now. Intimidating. 😐
This Turo seems interesting. I agree about doing research but I would think that the Turo company would provide potential hosts with localized market data. I did subscribe since the info is valuable.
Love your content! I wanted to ask you What your thoughts are about buying cars in the $5-10k range like a 2015 Nissan Sentra, Accord, Camry. Looking to get started with something that’s is low maintenance and economical that could possibly rent for $35-$45/day and not have to have a car note. I’m here in Southern CA/LA market. Do these cars do well or do you think higher end vehicles/luxury cars are the way to go?
Hey first time listener, first time caller... I’m new to all of this and looking to getting my first car to start on Turo. What is your strategy for paying off the car? Do you stack profits to pay it off sooner or just pay according to the schedule of the finance
@Saimah's Experience. I'm on the east coast (Washington, DC region) where we get mild-moderate winters. I certainly comprehend your rationale & explanations for why certain sportscar & convertible models are on your "Top 5 Best Turo Cars" list. However, I'd be interested to hear from Turo hosts who own similar vehicles in locations that experience winters. If a host opts to rest their sportscars & convertibles (take them OFF the platform) during Winter. Then how do the numbers work out during the full course of the year?
Quick question, what if a renters puts in the cheapest gas in a luxury car??? I give you major props,just seems like giving the keys to strangers in hopes they treat the ride like Gold.
Great video! I had a question tho I noticed you manly focus on high end vehicles, do you think economy cars do well on Turo? If so would you be willing to make a video on which ones? That would be helpful!! Keep up the great content!🙌🏽
I watched a lot of your videos and still learning which I appreciate. I know I will get into the Turo platform. I'm in NYC and I finance a 2020 Mitsubishi sport Highlander Brand new with 3 miles 6 months ago. I was thinking of refinance next month. I know New Jersey is having a good opportunity with Turo's. I have to move out to New Jersey or something to join Turo. Keep up the good work spreading the knowledge and wisdom. Peace and Love NYC...
I’m on Turo on nyc , you can use it but you have to open an LLC (which is not complicated) and you need to have a comercial insurance , Turo will give you 92% of the earnings , also if you have a friend living on New Jersey just post his address and offer free delivery on certain areas nearby your home on nyc , I did that and it worked , hope this inf help you in some way
@@egresz4011 Yes the info very helpful and very appreciate it. Also I do have a friend that lives in New Jersey. If I post his address do I offer free delivery near by my home in NYC? Peace and Love...
Any thoughts on a Jeep Gladiator? I have done a bunch of research and have learned that Jeep Wranglers do very well on Turo but am nervous about getting into a Gladiator due to it being VERY SIMILIAR to a Wrangler BUT also a truck... I am in the PNW so there isn't a shortage of "outdoorsy people here/visiting". Would love any advice! Cheers!
The best thing to do in my opinion is to always start a business with any creative idea 💡 you might have and build that business credit. Net(30) So eventually you’ll be to purchase more vehicles without PG (personal guarantee) with less down payment or none. And will be able to do write offs on taxes But starting off use what is available to you. But start that LLC.
@@georgelokko4333 Yeah, here in Dallas they rent really well. I have my mustang covertible and rents out all the ime. Looking to get Camaro convertible or another mustang convertible. these are cars that provides people experiences and even years later they are great looking cars.
@@kavonjonesmba I would say stay with automatic because the is a bigger customer base with automatic. The big muscle car enthusiasts would love manual but that demographic is smaller.
@@pharoah1200 not so much as you think in the Dallas area. Plus these are to hold for a while since they maintain a very modern look and the experience of being a convertible that people get to experience. you look at a 2016 Mustang or Camaro and they do not look very different than a 2019 0r 2020 Mustang/Camaro, in fact very very much the same. I see Mustangs/Camaro 2019/2020 with day rates like $120/$150 yet they have little to no trips. On the other hand look at 2016-2018 Mustang/Camaros going for $79/$89 and they have several trips. So from a business perspective of renting, I will stick with the car that rents the most, that in fact is the object of the business to rent them out.
Hi. Thank you for the feedback. Thinking of purchasing a used Corolla (maybe 2017 or 2018) to rent in Riverside, CA. Am I making the right decision? Lol
It’s weird to have a backdrop of a a bookshelf and then have next to no books, calling a Porsche a porch-A is super cringy too. This lady probably loves LV purses too
**LEARN HOW TO BECOME A 6 FIGURE HOST ON TURO THROUGH MY EXCLUSIVE COURSE!**
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#5: Tesla
#4: Crossovers
#3: Porsche
#2: BMW 2S Convertible
#1: Corvette C7
I wouldn't start on these right off the back, get some experience with something less expensive. BMW 2S can be good but are pricier on maintenance, just a note.
I thank you👍🏽
Would a Mazda Miata have the same clientele as the BMW?
@@williamRRR most likely no
Jeep Wrangler should be in the top 5
👍👍
I have 3 Buick Enclaves in South FL, rented 29 days a month
Whats your day rate?
Miami, Florida?
Surprisingly the enclaves preforms very well in my market in Ohio.
@@brandonjones4723 60-75
@@henryflores7492 West palm beach
Here's a tip for the best car....start with a cheap CHEAP car that *YOU* think will do well in *YOUR* market and test it! Test the rates, test the customers and most of all test the risk (liabilities) *HERE ENDETH THE LESSON*
I’ve started with a Chevy Cruz and already 80% booked.
@@deidramartin6762 I'm starting with a 2017 chevy cruze rs package as well
@Diallo Bushongo if it’s not your daily driver , it will likely take you 5+ months to break $3000 net profit if it’s rented 20 days per month. I would say sell it.
@Diallo Bushongo list it for the experience! It will cut your teeth really quick and you’ll find out if this is for you.
@Diallo Bushongo I would keep it. Even if you made your money back in 5 months, subsequent months are pretty much income. Of course you will have maintenance. You have the exact history on that vehicle since you drove it, which you don’t have if you buy another used vehicle.
I listed my Mazda CX-5 on Turo two months ago to try it out, and it’s been booked everyday since. I purchased two cars yesterday, and am going to have a fleet by the end of the year. Your information is priceless to me at this stage!
Did you finance or lease the cars ? And one question did u buy them under ur name or in a Llc
@@buffalo_6621 also curious about this??
What year CX-5 do you got?
Who provides the insurance? Is it a commercial policy?
Do you buy cars outright or finance them?
Ever since I started implementing that tip you gave of always telling renters they have the option to extend their rental if they want has gotten me 2 out of my 3 last renters to extend for 3 days each! Thanks again 🙏🏼
I noticed Toro extended rentals at a WAY HIGHER rate then they pay me.. seemed a bit messed up
@@kennethbeath1367 Thats probably because you need to be on Turo and not Toro. =)
@@slixxster5118 😆
@@kennethbeath1367 not worth it anymore.
@@slixxster5118 yoooo lol
You should have 4-5 times the subscribers because your content is phenomenally organized, on-point, detailed and your English delivery is absolutely smooth and impeccable.
People don’t usually subscribe on these kinds of videos because they usually only watch one and there isn’t much personality, but I do hope she grows more!
I agree even her intro got me listening
your “English delivery” is this necessary?
@@Eric-sg4ts When someone is articulate, clear, and delivers the message in whatever language they are using, then it is appropriate to give them positive reinforcement and let them know they are doing well. It speaks volumes that you have a problem with that.
You do business very well
Wish more woman could be like you
Your in control - speak clear and you know your shit - Keep it up - we support you
And men too! Lol
Few things o have learnt so far on listing vehicles
No emotional attachment, understand the the coverage policy, picture taking is important, location matters, install a gps kill switch and get that emergency fund rolling.
I like Uber to rent & I want to rent out my 2018 Nissan Altima SL w/ 104,807 miles on it now. I'm making $2,000 a week as an Uber driver in Virginia, D.C., Maryland area! I just got $8,350 PPP loan from Womply & plan to pay off my car loan to purchase a minivan to make more income with Uber XL then rent out my 2018 Nissan Altima SL with either Uber or Turo which ever pays best. Love to make money from my current Nissan!!! Great video!!! You got my creative money making juices flowing!!!
Hustling
What is uber to rent?
whaaaaat! I live in the DMV, and I have a 2018 Altima... We need to connect
@@kortezsgthopkins2748 I wanna know too!
Mercedes C class is an amazing car. Down payment and monthly costs are relatively low. That thing does about $1000 profit each month which is beautiful. I would prefer that over something more expensive with horsepower. I had a BMW m4 listed and it was more of a headache than anything. C class for the win 🙏
Nice which year c class is working for you?
@@golurk9521 I have a 2016
What made the bmw a headache?
Really
Can I ask where you are located?
I have a RAV 4 hybrid in the Bay Area and my car is out every weekend for 3-4 day trips.
What year? I’m also in the bay
@@themisguidedpodcast 2018. My rate is like $45+ per day. Right now it’s out for two months with a long term renter but March was insane for me
@@themisguidedpodcast most of my March renters were for weekend trips to Tahoe or Santa Cruz
@@randocalrissian9217 i bet! March was good for me too. I like the rav 4. If i were you I’d raise the price tho!
@@themisguidedpodcast hahah yeah, right? Good looking out, rav 4 homie.
Love the fact you said your sharing your mistakes so other won’t have to make them ❤️💙❤️💙
We're just outside Orlando. We had one Grand Caravan on the platform and it was booked almost solid. So we purchased a second one and listed it late yesterday afternoon. Had six bookings come in on it before I went to bed last night. Families on vacation coming to the Happiest Place on Earth - minivans just make sense in our market!
If you have a job that's 9-5 and someone wants to book a car, would a customer wait untill you finish your job to come after hours to pick it up ?
Where do you store the car?
@@fischertimothy6619 we store the cars at our house and deliver them to the airport when guests arrive.
I just started listing on Turo with 17 honda sport, and a 19 Jeep wrangler unlimited. Your videos are keeping me optimistic, educated, and confident. Thanks.
How is it going? Where are you located?
@@a.j.gallegos2191 I'm in Atlanta , 2 exits from the airport Hartsfield-Jackson.
Getting ready to list my 2016 Camry. Since it’s paid for and clean I have nothing to lose.
and it's a great way to test the market!
Get it!
It's been some months how's it going ??
This should be the #1 trending rn, but for selfish reasons I’m hyped to see this before everyone else 💀
agree on the lower end, luxury brand. My BMW 2 series, makes as much as most 3, 4, and 5 series. Enough that a copy cat in my market recently saw mine doing well, and bought two 2021's to list. I got a great deal on it before the great used car shortage started, and the blue book on my 2 continues to rise. It's bluebook is $2-3k higher now than it was at the beginning of the year. One of Turo's listed highest ROI cars, is also the BMW Z4, which used to be able to be found, used, sub $20k. I got mine for around that, and it's my most consistent performer. After 10 years of owning BMW's, I find them to be tanks. High cost parts, but break down relatively little. Replace the ignition coils on anything around 10 years old, and you're set.
If you have a 9-5 job , and a potential customer wants to rent it, would they wait after you finish the job so they can pick it up after hours ?
You mean BMW X2 SUV?
Your video are literally changing my life. Thanks 😁 so far I have my Cadillac ELR on the platform. You're legit a GOAT.
How is it going with your rental business?
makes sense. Cars that aren't dependable so everyone likes to drive them, but they don't want to own them (bmw, jeep)
Cheap $8k cars like Corolla and Elantra. They rent for $40 and average 15days of rental. After 30% Turo fee you’re making $420 a month.
If you buy BMW’s for CPO. 2018~2019 models. 5series goes for 30k and x4,x5 goes for 35k they easily rented out for $150 a day in my area. Average 15days of rental after 30% Turo fee you’re making $1575 a month.
Just do a simple math. You’re making about same revenue per investment. Why do you want to stress yourself 4x times for checking in and out , maintenance and such. Also not everyone has endless parking spaces.
Ppl will say “but BMW’s cost more to maintain.”
Yes that’s why you buy CPO. Most parts are still under warranty. Normal routine like oil change and tire costs more indeed but maintaining 4 cars costs more. Also cheap old cars has random parts that breakdown
Also Tesla’s are good choice if you get used model s and model x since there’s way too many Model 3’s out there and there’s ppl who just trying to make their monthly payment on the car so they lowball their price. For example there’s one lady renting out her model 3 for $70 in my area. $70 for $40k car? That’s really no brain. For $40k, you can buy 2016~2017 model s which can be easily rented out for $140~160 a day. Used Model X price is around 50~55k but they goes for $180~$220 a day.
Also I love longer term financing. Prefer 72mo minimum and better if 84mo. Why?
I usually make 2.5~3x of monthly payment on my Turo rental cars. At that rate I can pay off my car within 20~22month. Also there is a chance for total loss and that’s when gap insurance kicks in.
For example, I bought CPO 2017 bmw 540i in November 2019 for 33k (tax title included) and sold it on april 2021 for 29k ( yes I was lucky with current used car price) I owned that car for 17 month. $4750 for 17mo and $1530 for insurance and $830 for maintenance. Total cost of ownership over 17month : $7110
I made $26450 from renting, $4300 from reimbursement (over mileage and smoking etc) and $2640 from claims. Total earning : $33390
So $33390 - $7110 = $26280 over 17 month.
1 car made me $1500 a month net profit.
I only own 5 cars because i have full time job as a engineer and I only have parking spaces for 5.
Great profit
Thanks for this!
How did you manage with the turn over while working a 9-5 job? Like exchange of keys? Pick up/drop offs? Did they come to your house for pick?
Also, did turo take 30% or less?
Thats incredible. You should do a video breakdown on this for beginners like me. Like top 5 cars a beginner could go finance right now and make profit.
Excellent and Thorough breakdown!!! Thank you!
The high end/luxury cars have "HIGH REPAIR" cost when needed.
You are so well spoken, it literally made me watch the entire video! Well done my friend!
My uncle rents one particular c7 stingray that's electric blue every time he visits me in south Florida, and he literally has paid $2000+ for one week, 3 years in a row. Corvette people will always be Corvette people.
If you are going to rent a Tesla on Turo, (Host or Guest) the host should know the product and be able to support it. Driving an EV is a totally different experience, and if the host can give the guest an excellent experience, including recommendations while they are on their trip, they will enjoy the trip more. If your host doesn't drive electric, that's a dead giveaway that they won't be able to answer a guest's questions. I read a comment in here about guest's driving the car down to zero %. Tell the guest why they shouldn't drive down to below 20%. In a Tesla there are multiple reasons why they shouldn't and even when it's not too big an issue. But again, host without knowledge of the product will result in issues.
Also I don't rent short term trips. Minimum 5 days right now for me. Maybe that's less revenue, but the hour plus it takes to wash the car isn't worth my time on a day or two rental when factoring in depreciation that comes from guest's driving the car.
I'm only 3 trips in on Turo with my Red Tesla Model 3 SR+ with FSD, and I'm also doing it to share the experience on UA-cam,
but I'm all electric,
all the time.
Sharing the Data Because it's Electrifying!
Your delivery is awesome! Can tell you do great in everything that you do, keep it up 💯🙏🏾
I’m in Jacksonville, FL I tested my 2021 Jeep Wrangler out and made $1000 with 3 trips and one of those was a same day trip. Looking to purchase a car now!
Hello, my name is Tony I'm in Louisville, KY and I'm also a Turo host, I'm the top host in my city and state, I have over 1,200 trips, I make over $300,000 a year with only a 17 cars fleet! I love your videos and interviews and would love to do one with you and talk business!
Hey Tony! Love it! Send me an email at sesponsors@gmail.com and I’ll see if we can get something on calendar
I did so much research and I already had my list and you nailed them. Very good and I'm glad I was right!
Love that you love cars. Just started my Turo journey and your video is so helpful.
How has your experience been so far?
It’s been great so far.
What car did you start with ?
Hello, my name is Tony from Louisville, KY. I'm the top Turo host in my city, I just started a year ago and now have over 1,200 trips, 17 cars fleet, and make over $300,000 a year! I would love to do a video with you and talk business!
I don’t know shit about toro but I’ve been selling cars for years and can say there are zero cars available for 18% under sticker right now. That’s nationwide right now. In fact we’re selling used cars for new pricing. Oh and there are zero C-8s available brand new anywhere in the country. You’ll be paying 20k over sticker if you did find one. Used C-8s are selling @15k over the new price.
Thank you for the info and thanks for pronouncing Porsche correctly! :)
🤣
Thank You Saimah! I build confidence with every video I watch of yours
I need to tell my father about considering this. He has a 2019 Corvette Z06 and a Slingshot that sit in his garage.
I’m in Portland and have 2 model 3’s on the platform and more to come.
How many days are you renting them per month on average?
How do they perform?
How about a video on gps tracker please? What ones have you used likes and dislikes about them
can you make a video on cost of running Turo. Cleaning, Car washes, detailing, insurance. Thanks!
Can you enlighten us on how to deal with guests that bring the car back reeking of smoke/cigars? I am a really nice guy that lets a lot of things slide. Not this time, as the smoke smell gave my pregnant wife an asthma attack.
I think showing how and when to charge for incidentals will help a lot of people that fear doing that in order to avoid a bad review.
I'd love to read what other experienced Turo hosts have to say about this...
@Sandy Shines How cam I keep my personal home address private from renters based on my vehicle registration? Turo requires personal registration and insurance proof in the car.
Thanks for your thorough explanation.Which insurance plan with Turo do you use for your luxury vehicles?
Did you get an answer?
If your getting a Porsche get ready for the high maintenance cost , but make sure to get CPO 2 year unlimited mile warranty .
It’s not that much more just find a good mechanic.
Great content im getting trackers hardwired bc of u as well ty for help ing me understand turo n helping me be a better host
Great video ! Thank you for being so transparent
If you want to test the water per a different article a good car yo get your feet wet is the fist 500 low monthly and least expensive to maintain
Aren’t 5-10k cars way more bang for the buck compared to these way expensive cars?
In Florida Im fully booked with bmw and audis 120$ 2017’s
Nice which models?
@@golurk9521 bmw 430i
Audi A6
Range Rover sport
Maserati gibli
Prius is #1 money maker monthly. If those 5 only get rented 1 or 2 days they won't really make money sitting in the garage. Prius is gone 20 plus days monthly.
What year and model?
Daily price for prius rental?
Peace and prosperity, you’re info is top notch 🙏🏾
I’m from miami, I’ve been thinking about getting a car for turo...I’d assume convertibles do really well in this city..
I'm in St Louis MO any recommendations
Looking forward to seeing how TURO will do in Alabama. Very interested in this business. 🤑
Did you ever start renting if so how did you do
Waiting for my 21st birthday next month to put my BMW 2 series coupe on the platform here in south FL. So excited to start!!
Goodluck! Hows the insurance looking like ?
Best profit is toyota Yaris
Excellent video! I'm looking to start on Turo next summer as a new income. Watching your videos has been a huge help. While watching your C7 unload, I was wondering, who do you have deliver your cars most frequently? I'm looking to find a better service for my cars. Keep up the great work!
THANKS FOR THE RESPONSE!!! 🤯🥰 I was one of the requesters! Lol
Hi Saima, love the content. How do you go about finding out stats, what cars are renting well etc in your area.
I have two Tesla’s in North Carolina and they are doing really well!
Have you had problems with the Tesla with people running the battery to zero? I have 5 vehicles doing well and just bought a Tesla in January and every renter has ran the battery to zero so far.
Which cars are doing okay for you?
I completely and 100% related to what you said when you first started with stocks it all looked like gibberish. 😸
That is exactly how I feel right now. Intimidating. 😐
These differ by state based on TURO’s calculator
I was thinking of listing a Toyota camry :/
thank you so much, so much useful information
Have two model 3’s and typically booked most the time.
What is your avg car payment for 3 Tesla’s? And what’s your profit margin?
@@MrBklynTrini he said he has 2 of them not 3?
Can you do a video on how to get cars under LLC
What do you think about getting a 2014 - 2017 Porche Panamera?
Also, what should be the max miles I should look for on a used car?
It’s different for everyone depending on where you live how the weather is etc.
This Turo seems interesting. I agree about doing research but I would think that the Turo company would provide potential hosts with localized market data. I did subscribe since the info is valuable.
Love your content! I wanted to ask you What your thoughts are about buying cars in the $5-10k range like a 2015 Nissan Sentra, Accord, Camry. Looking to get started with something that’s is low maintenance and economical that could possibly rent for $35-$45/day and not have to have a car note.
I’m here in Southern CA/LA market. Do these cars do well or do you think higher end vehicles/luxury cars are the way to go?
Yep - these are perfect cars from a maintenance point of view. None of these cars will attract A**hole renters who will do burnouts etc etc.
She’s so beautiful 😍
Hey first time listener, first time caller... I’m new to all of this and looking to getting my first car to start on Turo. What is your strategy for paying off the car? Do you stack profits to pay it off sooner or just pay according to the schedule of the finance
ALWAYS stick to schedule and use money saved for another down payment on another vehicle.
Thank you Saimah for keeping it real, much success 2u❤🇺🇸🇮🇳
My Wife is an Iranian expatriate👍 🇺🇸🇮🇷
@Saimah's Experience. I'm on the east coast (Washington, DC region) where we get mild-moderate winters. I certainly comprehend your rationale & explanations for why certain sportscar & convertible models are on your "Top 5 Best Turo Cars" list.
However, I'd be interested to hear from Turo hosts who own similar vehicles in locations that experience winters. If a host opts to rest their sportscars & convertibles (take them OFF the platform) during Winter. Then how do the numbers work out during the full course of the year?
Thnx for the vid. Very informative.
Quick question, what if a renters puts in the cheapest gas in a luxury car??? I give you major props,just seems like giving the keys to strangers in hopes they treat the ride like Gold.
So great Saimah! Thank you for doing the research for us. I'm looking at the Macan and C7 for Phoenix market. Your videos are a treasure.
Hi, did you end up buying one for Turo?
GIRL BOSS! ❤️ just subscribed!
What cars works best in Long Island, NY??? 🤔 Just curious.
Good video. I would like to see a numbers breakdown for profit and expenses next time.
Agreed
Great video! I had a question tho I noticed you manly focus on high end vehicles, do you think economy cars do well on Turo?
If so would you be willing to make a video on which ones? That would be helpful!!
Keep up the great content!🙌🏽
#1 Tesla
#2 Tesla
#3 Tesla
#4 Tesla
#5 Tesla
How do you ensure the renters put premium gas for the vehicle that requires premium gas such as BMWs?
Which cars provide the best experience for renters.
Costs vs Margins.
Future outlook of how that vehicle will perform. Consider a 2-5 year commitment.
I watched a lot of your videos and still learning which I appreciate. I know I will get into the Turo platform. I'm in NYC and I finance a 2020 Mitsubishi sport Highlander Brand new with 3 miles 6 months ago. I was thinking of refinance next month. I know New Jersey is having a good opportunity with Turo's. I have to move out to New Jersey or something to join Turo. Keep up the good work spreading the knowledge and wisdom. Peace and Love NYC...
I’m on Turo on nyc , you can use it but you have to open an LLC (which is not complicated) and you need to have a comercial insurance , Turo will give you 92% of the earnings , also if you have a friend living on New Jersey just post his address and offer free delivery on certain areas nearby your home on nyc , I did that and it worked , hope this inf help you in some way
@@egresz4011 Yes the info very helpful and very appreciate it. Also I do have a friend that lives in New Jersey. If I post his address do I offer free delivery near by my home in NYC? Peace and Love...
Wonderful video! Thanks for the info!
Doesn’t insurance eat up your profits? Renting a Porsche to Joey bog of donuts has to be expensive.
Any thoughts on a Jeep Gladiator? I have done a bunch of research and have learned that Jeep Wranglers do very well on Turo but am nervous about getting into a Gladiator due to it being VERY SIMILIAR to a Wrangler BUT also a truck... I am in the PNW so there isn't a shortage of "outdoorsy people here/visiting". Would love any advice! Cheers!
I’ve also read the wrangler is a popular vehicle on Turo.
Hi Saimah, did you create an LLC for your turo cars/ are you leasing under that business or are they all under your personal credit?
Waiting for an answer to this question
Same lol ^
good qustion
Still waiting for a response
The best thing to do in my opinion is to always start a business with any creative idea 💡 you might have and build that business credit. Net(30)
So eventually you’ll be to purchase more vehicles without PG (personal guarantee) with less down payment or none. And will be able to do write offs on taxes
But starting off use what is available to you. But start that LLC.
Thanks for all the value in this video!
Great video!
Also, everyone around here should be knowledgeable of the bookkeeping ins and outs.
I was surprised not to see the Camaro/Mustang, especially the convertibles.
same haha those sell fast
@@georgelokko4333 Yeah, here in Dallas they rent really well. I have my mustang covertible and rents out all the ime. Looking to get Camaro convertible or another mustang convertible. these are cars that provides people experiences and even years later they are great looking cars.
@@kavonjonesmba I would say stay with automatic because the is a bigger customer base with automatic. The big muscle car enthusiasts would love manual but that demographic is smaller.
Bad resale values.
@@pharoah1200 not so much as you think in the Dallas area. Plus these are to hold for a while since they maintain a very modern look and the experience of being a convertible that people get to experience. you look at a 2016 Mustang or Camaro and they do not look very different than a 2019 0r 2020 Mustang/Camaro, in fact very very much the same. I see Mustangs/Camaro 2019/2020 with day rates like $120/$150 yet they have little to no trips. On the other hand look at 2016-2018 Mustang/Camaros going for $79/$89 and they have several trips. So from a business perspective of renting, I will stick with the car that rents the most, that in fact is the object of the business to rent them out.
Where do you keep all of your cars at? How many cars do you have?
Hi. Thank you for the feedback. Thinking of purchasing a used Corolla (maybe 2017 or 2018) to rent in Riverside, CA. Am I making the right decision? Lol
Yes
Yes you are very reliable car low maintenance. You really don't have to get a 2017 you can get a 2008 - 2013 pay cash for it.
She is so beautiful
There is nothing like a business-minded woman and in your case Very Gorgeous one!
Hey Saimah, do you finance or lease your new cars? and what are your thoughts in this market with inflated prices? tia
It’s weird to have a backdrop of a a bookshelf and then have next to no books, calling a Porsche a porch-A is super cringy too. This lady probably loves LV purses too
It seems like a Toyota Corolla would be the best when you factor repairs. Totally surprised by this video.
I just started your monthly mentorship program
Good video! Thanks
What about trucks like Toyota cruiser , Lexus RX?
4Runner isn’t a crossover. It’s a body on frame truck, not a unibody crossover. Just to be specific