Turo

Yesha

@YeshaCallahan

I rented a @turo car last week in LA. I noticed it had temp plates. Didn’t think much of it - until a cop pulled me over & said the plates expired in 2024. I showed him the app to prove it was a rental & he let me go.

Jeremy

@jeremyct

23-year-old caller nearly bought a $60,000 Tesla to run a Turo rental side hustle: Jalen: “I ordered a Tesla Model Y for $60,000 back in December. Then I learned about the Baby Steps in January. I thought I could rent it out on Turo to cover the payment.” Dave Ramsey: “So if you can’t rent it out, you’re stuck with a $900 a month payment.” George Kamel: “This is just a way to get a sweet toy, let strangers drive it and possibly wreck it, while you’re the one on the hook for the payments.” Dave Ramsey: “Don’t do it. Pay off your Kia Soul first. If you want a Tesla someday, pay cash for it.” Jalen: “Should I use the positive equity in my Kia to pay it off faster?” Dave Ramsey: “Just work your job and pay off the Kia as fast as you can. If you want a Tesla later, do it in cash, debt-free.” Dave Ramsey: “None of the thousands of millionaires we’ve studied built wealth by going into debt to buy cars for rental income. People are destructive with things they don’t own. Turo is a lot riskier than you think.” Dave Ramsey: “Pan back. Think about where you want to be at 35, not what you want to drive at 23.” Dave Ramsey: “I used to be shallow enough to try to impress people with cars before I was 30. You have a chance to be smarter than I was.” A 23-year-old almost went $60,000 in debt for a car to rent to strangers.

hunter

@hxxntrr

You can take $250K from the banks, put $200K into a Turo fleet of 8 Teslas, and the rental income will pay off every credit card in 6 months while you collect $11,000/month in passive income from cars you don't drive The banks funded the cars. Strangers on Turo pay the banks back. You keep the cars AND the income. This is the most slept-on cashflow play in 0% business credit and I genuinely don't understand why more people aren't doing this Here's the full math on why a Turo fleet funded by 0% credit cards prints harder than most small businesses: A used 2022 Tesla Model 3 Long Range costs $24,000 to $28,000. Average it at $26,000. Buy 8 of them. Total: $208,000 Fund the entire purchase through 0% business credit cards. Liquidate through Melio and Plastiq into business checking. Processing fee: $5,928. Wire the money to private sellers or dealers. 8 Teslas in your LLC's name List all 8 on Turo. Tesla Model 3s are one of the highest-demand vehicles on the platform because renters love them and they're cheap to operate (no gas costs for the renter to worry about) Average daily rate for a Tesla Model 3 in a major metro: $85 to $120/day. Call it $95/day conservatively Average utilization on a well-managed Turo listing: 65 to 75%. Call it 70% Revenue per car per month: $95/day x 30 days x 70% utilization = $1,995/month Revenue for 8 cars: $15,960/month Turo takes 25% (on the basic protection plan). Your net after Turo's cut: $11,970/month Monthly expenses per car: Insurance (commercial Turo coverage through a provider like Avail): $250/month per car = $2,000 total Maintenance reserve (tires, brakes, cleaning between rentals): $150/car = $1,200 Software (Turo host tools, pricing optimization): $50/car = $400 Parking/storage for idle cars: $100/car = $800 Total monthly expenses for 8 cars: $4,400 Monthly net profit: $11,970 - $4,400 = $7,570 Credit card minimums on $208K: roughly $5,000/month Cash flow after minimums: $2,570/month in your pocket while the cards are being paid down Aggressive payoff timeline: apply 100% of the $7,570 to the credit cards each month. $208K / $7,570 = 27.5 months But at month 10 you cycle to new 0% cards. Clock resets. Keep paying aggressively from Turo revenue. All cards paid off by month 22 to 24 After month 24: you own 8 Teslas free and clear. Generating $7,570/month in net profit. $90,840/year in passive income from cars that strangers drive But the real flex is the depreciation play Teslas depreciate about 15 to 20% per year for the first 3 years. A $26,000 Tesla Model 3 is worth about $18,000 after 2 years. You've "lost" $8,000 per car in value on paper = $64,000 total across 8 cars Under Section 179 and MACRS depreciation, you can accelerate that depreciation and deduct the FULL purchase price of all 8 vehicles in year 1 if they're used 50%+ for business (Turo rental = 100% business use) $208,000 in depreciation deductions in year 1. If you're in a 32% tax bracket that's $66,560 in tax savings. In year 1 alone. On top of the rental income So the real math is: Year 1 Turo net income: $90,840 Year 1 tax savings from depreciation: $66,560 Year 1 total financial benefit: $157,400 Amount of your own money invested: $5,928 in processing fees ROI on actual cash invested: 2,655% And by year 3 when the Teslas have depreciated to $18K each, you sell all 8 for $144,000. Buy 8 new ones for $208,000 (funded by a fresh round of 0% credit cards). New depreciation deductions. New warranty coverage. The cycle continues Or don't sell them. A Tesla Model 3 at 3 years old with 50,000 miles still rents for $75/day on Turo. The revenue decreases about 15% but your cars are fully paid off so it's all profit A guy in our network runs 22 Teslas on Turo across Phoenix and Las Vegas. Started 2 years ago with 4 cars funded by $104K in 0% credit. Revenue last month: $41,200. Net after all expenses: $26,800. He hasn't had a regular job since month 6. His Turo fleet generates more income than a senior software engineer at Google He told me "I don't own a car company. I own a fleet of money printers that happen to have wheels. The bank paid for every single one of them and I've never given them a dollar of interest. Turo guests pay the bank. I keep the spread" Teslas are the perfect Turo vehicle because they cost $0 in gas (renters charge at their destination), maintenance costs are 60% lower than gas vehicles (no oil changes, no transmission, regenerative braking saves brake pads), they have the highest desirability score on the platform, and the tech features (Autopilot, sentry mode, phone-as-key) make them the most convenient rental for both the host and the guest everyone is arguing about whether to buy TSLA stock at $180 a share. this kid is buying the actual cars with free money and making $7,500/month while the stock bros hope for a 20% annual return lmao (we get 700+ score business owners $100K-$250K in 0% business funding. a Turo fleet is one of the fastest-to-cashflow deployment plays we see. DM me "funding")

Abomination

@Abomination81

For the people calling me a liar in the DM's. Here is my receipts. Turo was sending me $5,000 a day on average for years... It's a viable way to make money if you treat it like a business. I was making probably 5k gross, 2k net a day in income off Turo alone. It just became too much work and hassle for the return. I shut it down profitably.

Ethan

@EZebroni

One of our 2022 Model Ys returned from a weekend trip late last night. The “no profile picture” guest was on their first Turo trip. Upon booking, the guest asked specifically if the trip was a “self check-in thing” or if we would be meeting in person. On the day of return, the guest reached out stating that their “schedule changed unexpectedly” and needed a few extra hours on their trip. The Tesla was due back at 8PM last night. Around dropoff time, the guest reached out stating the Tesla was taking longer than expect to charge and it would be returned shortly. It as returned about an hour late. My co-host went to move the Tesla from the pickup lot and noticed damage to the front bumper. Take a look at the photos. It appears the guest damaged the bumper then tried to glue it back together. There is sticky residue all over the front end of the Tesla Model Y. We immediately messaged the guest to ask about the damage and missing key card. The guest stated “somebody did hit the car downtown with a lime scooter” and claimed they didn’t see any damage upon inspection. Today, we will get some better photos to see the extent of the damage and get it over to a nearby body shop for repair. Stay tuned. 🍿

Officer Frenly (High IQ)

@FrenlyOfficer

lmfao, this is incredible >tesla vehicle needs linked credit card >can’t charge EV w/o linked card >tesla diner auto IDs car and charges its card >OP rents out tesla on turo >guest gets big meal at tesla diner >charged to owner’s card >guest ghosts OP >turo sides with guest https://t.co/bnoyA5wv9B

Andre Haddad

CEO

Car enthusiast who has led Turo as CEO since 2011, scaling it into the world's largest car-sharing marketplace.