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Alternatively 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
by thawaway1837 7y ago
Alternatively 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.