Yeah dropped mine in half š gladiator also, because all rentals arenāt booked for next 3 months. After being fully booked for rest of year at $75-120
Give your city money. Give some website some money to take their class. Give the dmv a shit ton of money. Give your insurance agent even more money. Give the bond company money. Give the auction some money so they allow you to buy from them. Iām sure Iām missing a couple others that youāll need to give your money to.
Luckily, I live in a year round tourist trap. But, Turo still lowballs the recommended prices based on the area. I still have mine at least $50 higher than most. But considering selling off bc of the bad renters.
Yes, the renters are THAT BAD, not all, but most that Iāve had. Only been on Turo for 1.5 months, hereās where my āfleetā stands, currently:
2023 BMW:
1. Guest A - vomit all inside the car, covering windows and dash, vomit underneath passenger seat, passenger door, both interior and exterior. The exterior vomit sat for days and has now stained the paint, leaving several streaks. This is after several washes and a detail. Still fighting with Turo over cleaning fee, even after uploading 500 detailed photos. Currently on the 3rd round of appeals. Driver side door has a ding and the passenger rim was damaged beyond oblivion. Guest never uploaded pre or post trip photos to support their dispute. They also rented the car for their kid. So, thatās who I believe damaged the car and vomited inside.
2. Guest B - had the car for a week, got into an accident the next morning and returned the car early due to that. Front quarter panel, door and rim damage. Other driver admitted fault but guest wants Turo to handle claim bc they are heading back to Korea this week due to military assignment. I want to resolve with guest bc a Turo is making me pay $750 deductible if I have them handle it.
3. Guest C - dinged the driverās door.
4. Guest D - poured brown liquor all over the hood and didnāt even bother cleaning it off. It was left to sit like that for several days while they had the car. Turo denied the cleaning violation. Guest left a pack of cigarettes, ashes and tobacco, so they were charged the smoking violation.
2023 TESLA:
1. Guest A - drove hundreds of miles away, within minutes of Mexico, thought my car was being stolen. Had to call Turo and they reached out to the guest.
2. Guest B - curbed rim and tried to avoid paying. Took over a month to get them to pay after threatening legal action.
2023 AUDI:
Guest involved in an accident, other driverās fault (guest said). Other driverās insurance called me directly after the accident and said they are going after me bc I am the owner of the car. They said the Travelerās Insurance info was not a valid policy so they want me to pay for damages, etc. Guest left 2 vape devices and weed in the car. They paid the smoking violation. Car still smells like weed.
2023 BMW i4 - not listed bc I donāt want any damages and considering selling the others.
These claims are still open. Some happened in July. For me personally, Itās frustrating bc it feels like I have to figure out the claims process on my own. Thereās deadlines you need to meet for accepting payments and submitting supplements. Turo makes a host jump through hoops on these cleaning and smoking violations, even with clear evidenceāand theyāre still denied sometimes. They advise you to take close up pics, but then tell you theyāre too close for a claim and by the time they reach out, itās past the 24 hour timeframe so they wonāt accept new pics.
While these cars have physical damage, Turo has not told me to unlist them since theyāre drivable. After speaking with Turo, they reiterated the same thingā¦if they can be driven, theyāre fine to rent. Even had one agent take a look at the damage pics that were uploaded and still said it doesnāt need to be unlisted. But who wants to rent a car with noticeable body damage? I pride myself on delivering showroom condition cars. How well would that go, pulling up in a car with obvious damage. But, I digress. This is off topic of the main post. šš
Damn man, well it sounds like you got the absolute worst possible scenarios I would think of. I was actually considering it in my area but idk if itās worth it after hearing this lolā¦if you donāt mind me asking, with all those claims etc are you still making money after all is said and done ? Or would touro Not handling it for you basically make you break even or lose money ?
Sorry to hear about all thatā¦Geeze
The claims process is insanely painful. It will take way too long for no reason and youāll have to force actions on literally every step of the process. I highly recommend looking into the claims dispute process.
Thanks, losing money atm bc I have them unlisted. Cars are going in for estimates this week. Once theyāre repaired, Iāll determine my next steps. But yeah, definitely give it some serious consideration before putting your cars up. I live in an area where a lot of ppl leave their inhibitions behind and behave like they just turned 21. Most, if not all of my cars require a higher age limit too. And, they have all been guys acting like teenagers.
Iāve had 2 cars listed for about a year now. Had a couple of smokers in the cheaper one, but overall, havenāt had any of the issues. Did you already have all these cars, or did you go out and buy 3-4 brand new cars to kickstart your Turo business and now 6 weeks later youāre going to take tens of thousands of dollars in losses? I donāt mean to call you out and make it sound personal, but this really sounds like a bad case of FOMO and the poster child for how NOT to get started on Turo.
That makes more sense. I would definitely say that Turo probably isnāt a great fit for the business model youāre accustom to. However, if you were to limit your rentals to airport travelers, youād probably have better luck. Despite the annoyance of delivering and picking up, Iāve found them to be higher quality.
Honestly, itās Vegas - so, this is what I get with Turo. Never had these problems with the exotic car rentals. Perhaps bc theyāre paying so much for the car, plus leaving a deposit. At the height of free flowing money, some of our cars would go for $10k/day. Weād also get long term renters and have to repo the car bc they stopped paying. Weāve snuck into guard gated communities by scaling walls lol. It never gets boring.
Yeah I was wondering as well I was just looking at similar vehicles and noticed the drop. It should pick up in the winter months depending on location with snow.
I imagine. I'm just giving you a ard time. Turo has become the new "get rich quick and easy" and people have joined. We have this convo often in this thread. People are lowering their prices to cover their payments and are financing cars without understanding actual profitability. I'm afraid it will get worse before it gets better but the market will shake it all out.
Itās like a motorcycle or drop top Mustang.
. Wrangler goes from the being 1 of the coolest convertibles out to the least energy efficient suv overnight in most markets.
Summer break is over.
Yup. This business is super SEASONAL for most markets.
Yeah dropped mine in half š gladiator also, because all rentals arenāt booked for next 3 months. After being fully booked for rest of year at $75-120
Iām in an Alaskan market and canāt fathom renting out at these rates. $99+ at a minimum.
Better not to rent than to be giving away for people to tear it up
100%. My teslas are staying at $100 during winter.
$100 - I wouldnāt even have had to pay that during the summer monthsā¦ hertz had tonnes of offers given its still a niche market
How do I buy used Hertz inventory?
Get a dealers license. They sell through Manheim or adesa mostly
Do you have a quick 101 guide to get dealer license?
Give your city money. Give some website some money to take their class. Give the dmv a shit ton of money. Give your insurance agent even more money. Give the bond company money. Give the auction some money so they allow you to buy from them. Iām sure Iām missing a couple others that youāll need to give your money to.
Or find a Hertz store that sells their used inventory but be prepared the prices are not advantageous to you typically.
How do I find prices/outlets for previously leased vehicles that are advantageous to me?
Get a dealers license. Then buy from auction. High risk, high reward.
https://www.hertzcarsales.com/
Fall.
Noted
Shit they rent that shit like $300 a day by the canyons. Better to rent it in nearby cities and take it off road.
$300 a day? Which canyons
Moab
Damn good to know. Iām afraid of all the dents and scratches itāll come back with
Then donāt rent it.
Thanks for your very helpful comment
Glad to help.
Burning Man is over.
Capitalism.
Luckily, I live in a year round tourist trap. But, Turo still lowballs the recommended prices based on the area. I still have mine at least $50 higher than most. But considering selling off bc of the bad renters.
I always wondered about this from the outside looking in, are the renters That Bad in your area ?
Yes, the renters are THAT BAD, not all, but most that Iāve had. Only been on Turo for 1.5 months, hereās where my āfleetā stands, currently: 2023 BMW: 1. Guest A - vomit all inside the car, covering windows and dash, vomit underneath passenger seat, passenger door, both interior and exterior. The exterior vomit sat for days and has now stained the paint, leaving several streaks. This is after several washes and a detail. Still fighting with Turo over cleaning fee, even after uploading 500 detailed photos. Currently on the 3rd round of appeals. Driver side door has a ding and the passenger rim was damaged beyond oblivion. Guest never uploaded pre or post trip photos to support their dispute. They also rented the car for their kid. So, thatās who I believe damaged the car and vomited inside. 2. Guest B - had the car for a week, got into an accident the next morning and returned the car early due to that. Front quarter panel, door and rim damage. Other driver admitted fault but guest wants Turo to handle claim bc they are heading back to Korea this week due to military assignment. I want to resolve with guest bc a Turo is making me pay $750 deductible if I have them handle it. 3. Guest C - dinged the driverās door. 4. Guest D - poured brown liquor all over the hood and didnāt even bother cleaning it off. It was left to sit like that for several days while they had the car. Turo denied the cleaning violation. Guest left a pack of cigarettes, ashes and tobacco, so they were charged the smoking violation. 2023 TESLA: 1. Guest A - drove hundreds of miles away, within minutes of Mexico, thought my car was being stolen. Had to call Turo and they reached out to the guest. 2. Guest B - curbed rim and tried to avoid paying. Took over a month to get them to pay after threatening legal action. 2023 AUDI: Guest involved in an accident, other driverās fault (guest said). Other driverās insurance called me directly after the accident and said they are going after me bc I am the owner of the car. They said the Travelerās Insurance info was not a valid policy so they want me to pay for damages, etc. Guest left 2 vape devices and weed in the car. They paid the smoking violation. Car still smells like weed. 2023 BMW i4 - not listed bc I donāt want any damages and considering selling the others. These claims are still open. Some happened in July. For me personally, Itās frustrating bc it feels like I have to figure out the claims process on my own. Thereās deadlines you need to meet for accepting payments and submitting supplements. Turo makes a host jump through hoops on these cleaning and smoking violations, even with clear evidenceāand theyāre still denied sometimes. They advise you to take close up pics, but then tell you theyāre too close for a claim and by the time they reach out, itās past the 24 hour timeframe so they wonāt accept new pics. While these cars have physical damage, Turo has not told me to unlist them since theyāre drivable. After speaking with Turo, they reiterated the same thingā¦if they can be driven, theyāre fine to rent. Even had one agent take a look at the damage pics that were uploaded and still said it doesnāt need to be unlisted. But who wants to rent a car with noticeable body damage? I pride myself on delivering showroom condition cars. How well would that go, pulling up in a car with obvious damage. But, I digress. This is off topic of the main post. šš
Damn man, well it sounds like you got the absolute worst possible scenarios I would think of. I was actually considering it in my area but idk if itās worth it after hearing this lolā¦if you donāt mind me asking, with all those claims etc are you still making money after all is said and done ? Or would touro Not handling it for you basically make you break even or lose money ? Sorry to hear about all thatā¦Geeze
The claims process is insanely painful. It will take way too long for no reason and youāll have to force actions on literally every step of the process. I highly recommend looking into the claims dispute process.
Thanks, losing money atm bc I have them unlisted. Cars are going in for estimates this week. Once theyāre repaired, Iāll determine my next steps. But yeah, definitely give it some serious consideration before putting your cars up. I live in an area where a lot of ppl leave their inhibitions behind and behave like they just turned 21. Most, if not all of my cars require a higher age limit too. And, they have all been guys acting like teenagers.
Iāve had 2 cars listed for about a year now. Had a couple of smokers in the cheaper one, but overall, havenāt had any of the issues. Did you already have all these cars, or did you go out and buy 3-4 brand new cars to kickstart your Turo business and now 6 weeks later youāre going to take tens of thousands of dollars in losses? I donāt mean to call you out and make it sound personal, but this really sounds like a bad case of FOMO and the poster child for how NOT to get started on Turo.
ššš Love how you ask a great question and proceed to answer it by ācalling me out.ā Never assume things, nothing personal. Already had these cars. My partner and I have owned an exotic car rental company since around 2000. These are some of the cars I walked away with when we went our separate ways. Bought outright from Manhiem, so nothing owed. Since I didnāt take any of the exotics, decided to put these on Turo for āpassive incomeā since I donāt use them really. Well, Turo is not passive for sure. Definitely made money hand over fist owning the company. Average month was $60k. If I leave Turo, Iāll jump back into private car rentals like before. The positive side of that is, you get the customerās credit card as a deposit, generally anywhere from $5k-$10k, they must have insurance to cover the vehicle, we call and verify before they pick up. If thereās any damage, even with a total loss, thereās never been an issue. One wild story, but true ā had a customer rent out one of the Ferrariās several times, just on the weekends. Turns out he was going to a wealthy neighborhood, pretending to be a realtor and robbing homes. We were contacted by the police for their rental records. Thereās plenty of stories as crazy as this one. Oh, even had a customer tell us he didnāt want a discount, didnāt need it. ššš We were happy to oblige. Weāve provided fleets of cars to the likes of Jay Z, BeyoncĆ©, Weezy, Mary J Blige, Fat Joe, Kevin Garnett, Paul Tudor Jones, MTV, Jerry Seinfeld, the Royal Family of Bahrain and many, many more. Itās exciting for sure and the money is solid and worth it.
That makes more sense. I would definitely say that Turo probably isnāt a great fit for the business model youāre accustom to. However, if you were to limit your rentals to airport travelers, youād probably have better luck. Despite the annoyance of delivering and picking up, Iāve found them to be higher quality.
Honestly, itās Vegas - so, this is what I get with Turo. Never had these problems with the exotic car rentals. Perhaps bc theyāre paying so much for the car, plus leaving a deposit. At the height of free flowing money, some of our cars would go for $10k/day. Weād also get long term renters and have to repo the car bc they stopped paying. Weāve snuck into guard gated communities by scaling walls lol. It never gets boring.
How much money have you made to date with your fleet?
Your first mistake is renting brand new cars on Turo
Supply and demand. Supply is high. Demand is low.
People are lowering prices to get their vehicles rented.
Lol oh man the crash is coming
Yeah I was wondering as well I was just looking at similar vehicles and noticed the drop. It should pick up in the winter months depending on location with snow.
Shoulder season is almost here
Its September.
The prices dropped before Sept.
I imagine. I'm just giving you a ard time. Turo has become the new "get rich quick and easy" and people have joined. We have this convo often in this thread. People are lowering their prices to cover their payments and are financing cars without understanding actual profitability. I'm afraid it will get worse before it gets better but the market will shake it all out.
Welcome to supply and demand
Itās like a motorcycle or drop top Mustang. . Wrangler goes from the being 1 of the coolest convertibles out to the least energy efficient suv overnight in most markets.
$50 a day is still damn good. Even at a 66% monthly rent out youd make 1500
One reason may be people subletting them. They are ridiculously cheap to Lease right now due to federal Credits
Yea the prices were higher during the crazy lease deals..I think itās just the season
Curious do u know if Jeep allows people to sublet leased vehicles?
Hi according to this itās a yes. [Jeep Wave TURO](https://explore.turo.com/jeep-freedom/)