Is TURO Worth It in 2024?? (5 reasons to start) #turo #sidehustle #smallbusiness

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🚗 Is Turo Worth It in 2024? 5 Compelling Reasons to Start Your Car Sharing Business Today! 🚗

Thinking about diving into the world of Turo car sharing? Wondering if it's a good business venture in 2024? Look no further! In this video, I dive into the current landscape of Turo and why it might just be the perfect time to get started.

Join me as we explore the top 5 reasons why starting a Turo car sharing business could be your next big move 💵
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Please, what kind of insurance can I use for turo.

biodunenahoro
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Nope! I did my hard research just recently and for most areas it is not really profitable. What is happening is that there is so much competition - the smaller fleets and owners of one or two cars are lowering their price/day just to GET BY and pay their loan and other expenses. They do not care about profit at this time. So there is a price war to the downside. This in turn is causing the larger fleets to do the same... in fact, a lot of mid-large fleet owners are SELLING their fleet to bring in income and to get out of the business!!

According to the numbers of my local area - owners of 6 - 9 vehicles are only doing about $80 per month/vehicle @ average of 4 days rented ... to $118 / month / vehicle @ average of 6 days rented on the lower end. On the higher end; $509/month per vehicle @ avg of 4 days rented ... to $763/month per vehicle @ avg of 6 days rented.

Remember, those are GROSS figures not NET - you still need to include cost of maintenance, gas, cleaning, repairs, insurance, parking, etc., which is about 67.5% of GROSS.

Now, do the math...

mrweddingspeech