Quote:
Originally Posted by aerostar
Was a 2018 Kia Rio.
They priced it at $35 a day.
At that rate even with half booking I'd be beating the lease/finance payment by quite a margin.
If you never drive the car you don't even need to insure it since Turo provides insurance once it's in the renter's hands.
From what I understand most people re-sell the cars after 12-14 months.
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I get the model of recoup-ing some money while the car is sitting in the garage, doing nothing.
But to do this on a full time... buying a brand new car just to rent it out and have cash positive flow... if it could be done, it is being done by Hertz and friends, don't you think? Or better, Turo would do it themselves. Why let you get a piece of their pie?
What makes you be able to do better than Hertz, with their economy of volume, versus your 1 car? If you think you have cash positive flow, likely you forgot to include the incidental costs, like repair/maintenance.
People suck and will destroy your car. Have you accounted for that?