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> The only people who make money (like real money and not pretend “profit” that doesn’t account for everything I listed) are people who buy cars specifically to
by dx034 7y ago
> The only people who make money (like real money and not pretend “profit” that doesn’t account for everything I listed) are people who buy cars specifically to rent out on Turo. They don’t get attached to any of the cars because those things will get fucked.
Which is exactly what rental companies do. If Those private individuals can be any cheaper than Hertz & co with their huge discounts, it's just VC money being thrown at it, not a sustainable business model.
- thawaway1837 7y agoAlternatively Turo will make money because people don’t realize the costs of renting a car is far more than their immediate expenses. They won’t factor in the costs of a crash, or reduced life, or if the insurance companies catch up then the additional insurance cost. Turo’s profit lies in having unsavvy hosts pick up these costs.
- cbsmith 7y agoTuro includes insurance for the rental period, so I don't see where there'd be significant additional insurance costs. Honestly, the handful of hosts I've worked with are basically operating their own rental businesses and simply preferred Turo's deal vs. franchising with one of the big names.