anyone ever heard of TURO? the app to rent your car and make

BMW 3 Series
$69/Day
Utilization (Days it’s rented out): 90%
Monthly Cost w/Insurance: $400
Profit: $69*30 Days * 90% = $1,863 Revenue – 25% Fee = ~$1,400

Good luck getting your insurance to cover that shit lmao

>>1568877
the company TURO covers your car up to $1mil. NEXT!

>>1568890
You mean like uber covers their drivers?

NEXT!

>>1568892
http://www.travelcodex.com/2016/01/my-car-was-stolen-while-renting-through-turo/

>>1568892
its an article about a guy who's BMW got stolen. the company paid him, not the shop, he walked away with extra cash too. honestly im kinda sold on the idea. I wan to lease a few 3 series BMW's and give it a shot. I'll have my cars paid off soon so if it doesnt pan out ill be able to cover it.

>>1568851
i think that utilization rate is a little too optimistic. i think 50% is more realistic

>>1568916

i think even 50% is being optimistic.

Who is renting these cars?

Normally car rentals are done by people vacationing, or on business. So car rental places are around airports.

I could see this working in big cities with upscale cars.

I'd think if it takes off car dealers might directly go into it.

>>1568916
I think the 90 is from
>>1568906
But the whole thing sounds like a paid review.

>>1568906
Just fukin lol at doing all this work and dealing with all this bullshit to make less than 500 bucks a month. Not to mention your car will be worthless in one year with the 50k plus miles people put on it, plus crazy high insurance.

>>1568849
And destroy the value of my biggest asset through letting people ruin it?

Fuck no. I don't even let people sit in it if I don't trust them.

>>1570296
how in the world does anyone consider a car an asset?

>>1570296
cars depreciate the minute you leave the lot.

>>1570328
>>1570331
You do know this board has IDs, right?

Either way, it's worth money, it doesn't depreciate much after the initial three years, and I'm saving considerable amounts by driving a newer car compared to an old unreliable piece of shit that breaks down constantly and can't be relied on to get places.

>>1570367
You're funny.

>>1570367
completely aware, I can't edit a post.