
I’m eating with Turo, should have started earlier.
I feel like whenever I read about Turo, it’s mostly horror stories, bad renters, and people warning others to stay away. So I figured I’d share a positive experience.
I’ve been running my car on Turo for a little over a month. Granted, it’s been peak season in my area, so I’m probably getting more bookings than I normally would. But even with that in mind, I’ve already made over $1,500.
My car payment is only $350/month, so the amount of cash flow I’m generating is pretty significant. Even after accounting for maintenance, depreciation, cleaning, and the other expenses, the margins are looking pretty attractive.
What’s really caught my attention is the comparison to real estate. I was originally looking into buying rental property, but finding a property that cash flows this heavily seems much harder than what I’m currently seeing with Turo.
Obviously, I’m still early and I know one good month doesn’t prove the business model. I also understand that depreciation, repairs, insurance, downtime, and slower seasons can completely change the numbers.
But if I can consistently get anywhere close to these numbers, I’m seriously considering buying a few more cars and scaling the fleet.
For those of you who have been doing Turo for a few years, how has your experience been long term? Is scaling to multiple cars actually worth it, or do the headaches eventually outweigh the cash flow?