Car Rental evidence: 62 quotes from 9 creators

“With a cheap $5,000 car, you can expect to make anywhere from $800 to $1,500 per month in profit.”

“on the revenue side, this vehicle is bringing in anywhere from $1,200 to $1,800 a month.”

“Whenever it comes to a Kia Soul, they generally make about $1,100 per month.”

“We could average like 10 to 13,000 a month.”

“when I saw I make almost $2,000, $1,900 for the month of April”

“So, $455.87 of monthly cash flow, the average ROI on these vehicles”

“But now a car like that, you can't make that much. You're probably between 6 to 800 dollars a month, depending on your market”

“So your average being let's just call it a thousand dollars per month.”

“So about $10,000 you can be successful with it to make about $1,000 a month”

“I consider this a secondary income. It's certainly a sizable income”

“it's allowed us to build a real business, run multiple cars, do six figures with a flexible schedule.”

“Once you get past a few cars, this is no longer just a side hustle. You're running a real operation.”

“I quit my job and I start my tour journey and I purchased one little car which is my Mercedes-Benz and now have 40 vehicles.”

“I quit my hotel manager job to become a Turo host.”

“Now we have about 300 cars directly tailored towards Uber and Lyft drivers.”

“if you want to do this full-time, you you want to build it up to about 20 cars. And that's when I realized you could have a full-time employee while still making a profit on it.”

“So our our revenue dropped 50% in the summer.”

“I recommend ABI.X, which comes out to about $100 per car per month.”

“their insurance is $100 a month. They have a GPS tracker that's $12.95 a month. Then they have their car washes that are $20 a month, right? Those are all of your fixed costs.”

“For this, I guess I can just write out off trip. Super variable. The prices will vary a ton, but you're talking about $40 to 120 per month.”

“On average, when we're on Turo, it was pretty close to 80 bucks a car per month is what we're spending per month per car on like scheduled maintenance.”

“They have a set 8020 split that's going on and they are marketing themselves as the place for professional operators.”

“80%, Turo gets 20%. Let's say that you go and deliver a vehicle for $100.”

“Turo would take either 30%, 20%, or 10%.”

“Right now, we run on the 90/10 plan, which means we keep 90% of the trip revenue, and Turo gets 10% of the of the revenue, right?”

“Now, after Turo took their 10%, we actually received about 173,000, right?”

“So, after that 10% cut, I'm you know, we're getting $144 off a car that was originally priced at 200.”

“If they book it 3 to 13 days in advance, the least you can get is 70%. The highest you can get is 90%.”

“We started with one car, made plenty of mistakes along the way, and eventually scaled to over 50 plus vehicles just in Pittsburgh with over a 100 vehicles through our multiple locations.”

“Those are three cars of our 45-car fleet that are completely out of commission.”

“So, you can maybe see how these numbers work out, especially once you have 30, 40, 50 cars, and how it can end up being a substantial amount of money over time.”

“So, you can easily pocket $400 profit on each vehicle every month. So, if you have multiple vehicles like I have right now, it become very profitable.”

“I quit my job and I start my tour journey and I purchased one little car which is my Mercedes-Benz and now have 40 vehicles.”

“eventually grew to this amount of vehicles that I have today, which is 40 on my fleet”

“You can have 10 cars, 20 cars, 30 cars, or more.”

“Started with one car, grew it all up. We have about 300 right now between Phoenix and LA.”

“you need to budget $5,000 to buy your first rental car.”

“Typically, I say people should have at least 7 to 10K sitting aside to be able to get into this business.”

“are very easily purchased for about $5,000.”

“Like $17,000 is about where I'd expect you to come in.”

“For $5 to $10,000 a car, 1,200 a month.”

“So about $10,000 is what I recommend to start.”

“you need to budget $5,000 to buy your first rental car.”

“you could buy a car, a really nice car, and you could have people pay you to use the car every once in a while”

“Buy a car, add it to the system, and rent it out.”

“This is a hard business though to own if you're not there. I mean, you've got to be able to do damage control and crisis management and booking emergencies.”

“With a cheap $5,000 car, you can expect to make anywhere from $800 to $1,500 per month in profit.”

“on the revenue side, this vehicle is bringing in anywhere from $1,200 to $1,800 a month.”

“Whenever it comes to a Kia Soul, they generally make about $1,100 per month.”

“So about $10,000 is what I recommend to start.”

“you need to budget $5,000 to buy your first rental car.”

“Typically, I say people should have at least 7 to 10K sitting aside to be able to get into this business.”

“I recommend ABI.X, which comes out to about $100 per car per month.”

“their insurance is $100 a month. They have a GPS tracker that's $12.95 a month. Then they have their car washes that are $20 a month, right? Those are all of your fixed costs.”

“On average, when we're on Turo, it was pretty close to 80 bucks a car per month is what we're spending per month per car on like scheduled maintenance.”

“I've noticed one thing that puts the entire business at risk, and that thing is building the business around one platform.”

“Never accept the first offer. Run a fair market value analysis, file a supplemental claim, and claim your loss of rental income.”

“Do NOT pay the tow yard to release it until you call Turo. If it's totaled, they send IAA to grab it for free.”

“Turo would take either 30%, 20%, or 10%.”

“Right now, we run on the 90/10 plan, which means we keep 90% of the trip revenue, and Turo gets 10% of the of the revenue, right?”

“Now, after Turo took their 10%, we actually received about 173,000, right?”

“So our our revenue dropped 50% in the summer.”