I started 6 months ago with 5 cars. Other than having a porsch macan engine die with no warranty it has been a fun business. Ive got 136 reviews and all are 5 stars. My macan will be finished next week. Thanks for the advice.
@LuckyLopez7772 жыл бұрын
$$$$$
@tjmac19863 жыл бұрын
Asking a customer to cancel and then sending them a Zelle payment is a huge ToS violation(as outlined in Mistake #10). Otherwise, great vid!
@LuckyLopez7773 жыл бұрын
Better then a bad review 😁
@bobsides593 жыл бұрын
Another great video Lucky id like to see a video on the Trucking / Box truck rental. V/R, Iron
@LuckyLopez7773 жыл бұрын
Sorry the box trucks I save for the classes
@mstevenchapman Жыл бұрын
Great video. Splash of cold water on warm and cozy dreams. Don't make all the money now... just make money.
@LuckyLopez777 Жыл бұрын
That's the plan!
@SonicBoomC982 жыл бұрын
I had a great host I was renting most of my Turos from until one broke down on me out of time. Neither he nor Turo was much help. I ended up having to rent a crazy expensive Turo for the rest of my time and had to fight with Turo to get reimbursed for the difference. The host wanted to give me a refund or a credit and an exchange, but I couldn't exactly get back to him to do the exchange. I'm thinking about getting into Turo myself. These are some great tips
@LuisVelazquez-ib7fc3 жыл бұрын
Thanks for your advice. Just started on turo last week this video is going to be very helpful.
@LuckyLopez7773 жыл бұрын
😁👍🙌
@Norseyjr3 жыл бұрын
As always right on point video. If people follow these simple tips you will do well in this business.
@LuckyLopez7773 жыл бұрын
Thanks 😁🙌
@AussiePeterE Жыл бұрын
Live and Die by Reviews. Great advice Lucky. Thanks
@slim8120012 жыл бұрын
Thinking about starting Turo with my rolls Royce ghost and my i8 , I bought them both cash and I’ve had fun but now I’m thinking about making money from it , I’m in Southern California btw
@Higgs1373 жыл бұрын
Good tips man! Very helpful
@LuckyLopez7773 жыл бұрын
Thanks 😁👍
@Couple_a_Cooks3 жыл бұрын
Great video as always Lucky!
@LuckyLopez7773 жыл бұрын
Thanks 😁
@luxuriouslady30343 жыл бұрын
Thank you I just found you. I greatly appreciate 🙏you. 🙏
@LuckyLopez7773 жыл бұрын
You are so welcome
@Mrfitness247263 жыл бұрын
my 1st trip with Turo was in a dirty Porsche inside and out. I did not feel good about the for the entire 4 day vacation. To things worst it was in beautiful Las Vegas.
@LuckyLopez7773 жыл бұрын
Sad happens alot
@scottgardner5918 Жыл бұрын
What about renting out a manual transmission car? Is this a bad idea? I know that less than 1% of cars are manual nowadays so I wonder if this could be popular in the future as manuals become more and more rare.
@Forthstar Жыл бұрын
Im thinking this too. Want a new manual muscle car bad but don't know if I can trust these Turo mf driving it....
@szceoltdtay Жыл бұрын
Unless you feel like letting someone learn on your 5 speed, I wouldn’t. I remember test driving cars at little used dealers and pretending I knew what I was doing. Live and learn. Then get bent
@slim8120012 жыл бұрын
Thinking about starting Turo with my rolls Royce ghost and my i8 , I bought them both cash and I’ve had fun but now I’m thinking about making money from it
@LuckyLopez7772 жыл бұрын
Try it out see if you like it also try hyercar
@slim8120012 жыл бұрын
@@LuckyLopez777 wow I never heard of them , I’m downloading the app now
@charlesMoore-zk4qe Жыл бұрын
Awesome information thanks much, but all the information out the window, if the cursing, is offensive, u have all faiths and people are listening to you, it's a turnoff, hopefully u will take this wisdom to heart thanks..
@hunterrodriguez68023 жыл бұрын
Great video and super clear tips for success
@LuckyLopez7773 жыл бұрын
Thanks I appreciate it
@bilalh2784 Жыл бұрын
I love this guy
@carlosortega86433 жыл бұрын
Great Video ! My only question would be taxes. Do you set aside an extra $100 or $200 from your monthly cashlow specifically for taxes ?
@LuckyLopez7773 жыл бұрын
I do there a formal we use that covers. Cost insurance. Overhead maintenance depreciation and tax
@MrBeefsnorkel2 жыл бұрын
thanks for the vid!
@user-uj4zy5sj8x2 жыл бұрын
I see host and guest with dad experiences on TURO. Owners with cars badly damaged by customers who mistreat them and TURO sending unjustified invoices to customers who have taken care of the cars. I consider that TURO is not doing a good job to guarantee everyone that they have a good experience. This makes me think that the commitment of these companies, owners and clients, is very little and that the benefits obtained from one and the other are very great.
@allaindeejoseph8199 Жыл бұрын
Hey my man what camera do you use to record that quality is top notch!
@jykirachanelle25993 жыл бұрын
Thanks for sharing 💎💎
@LuckyLopez7773 жыл бұрын
Thanks for watching 😁👍
@leyotheturtle3132 жыл бұрын
With Turo you are basically just get paid the depreciation of you car up front instead of over the years, unless you find a car at the bottom of it depreciation with low mileage it’s probably not worth it
@mertefe22873 жыл бұрын
Any host in Chicago area!! ✌️🏻
@moedallas38153 жыл бұрын
Hi, Great Content Thank you. What about renting work trucks for contractor projects or homeowner use? I have a Ford 150 with an 8 Ft bed. lots of folks rent the Home depot trucks nearby. Live in the Dallas Fort Worth area. Is there a market for these trucks?
@LuckyLopez7773 жыл бұрын
Those are my favorite commercial vehicles are the best rentals especially if you get a long-term contract with construction companies you’re probably gonna have to get your rental car license if not try to do hire car
@frederickevenden36742 жыл бұрын
@@LuckyLopez777 l)
@xkiddshadowx8813 жыл бұрын
I know your probably busy but I can’t figure out how to set up an consultation on your website I have a few major questions that can help my dealership out a lot. Thanks
@LuckyLopez7773 жыл бұрын
Emails us at Lucky@automotivelife.com so set up a consulting call
@Cardboardbrokeboi3 жыл бұрын
So i'm in the market to buy a new car and kind of want to put it on turo. My question is, I'm doing the research on the models with the turo car calculator except im not in any of the major cities listed. I'm actually about an hour and a half from San Francisco and my market im in doesn't have much going on. Is it worthwhile to rent this car out in SF even though its so far away for more bookings?
@LuckyLopez7773 жыл бұрын
thats up to you if you want to set a system in place to do remote rentals. I would stay close to home on your first rental. then on your 2 or 3rd. then place on in SF
@Cardboardbrokeboi3 жыл бұрын
@@LuckyLopez777 that makes sense, thanks for the reply God bless!!
@deniseg47412 жыл бұрын
when is required a rental license? I'm just starting and I've listed 4 cars. I don't have more than that.
@LuckyLopez7772 жыл бұрын
Be 18. and have 3-5 cars. and a clean drivers license
@deniseg47412 жыл бұрын
@Automotive Life I means when it is recommended to get a rental license? Thanks for your time :)
@Mrfitness247263 жыл бұрын
Can you explain how the insurance through Liberty Mutual works? (Price per vichle and deductible)
@LuckyLopez7773 жыл бұрын
It depends on the policy I have to see it because there’s different deductibles per incident also it doesn’t cover your vehicle if your renter doesn’t have insurance either rental car insurance is extremely complicated
@Mrfitness247263 жыл бұрын
@@LuckyLopez777 So basically in the event of an accident my insurance carrier pays for the damages and Turo pays for loss of time not rented?
@kharimott8227 Жыл бұрын
Is it a good idea to lease or purchase?
@ginalowe9103 Жыл бұрын
What is a rental license?
@t.d.r.autosport2633 жыл бұрын
Hey Lucky, I sent you a reply email regarding the 1hr call for the rental car business. let me know when
@LuckyLopez7773 жыл бұрын
I’ll check now 👍
@user-hw3wk2lg3x3 жыл бұрын
Hi. for example if i want to put a few cars on turo in nevada, do you recommend to open brand new llc and register it on the company(non rental llc company) or for private person? I do have dealer license, but wasnt ready to make rental license yes. Just want to check how it go
@LuckyLopez7773 жыл бұрын
When you’re first starting I recommend not opening an LLC trade on tour or hire car after 3 to 6 months if you feel like it’s working out then I would get a LLC
@user-hw3wk2lg3x3 жыл бұрын
@@LuckyLopez777 so you recommend just put on personal name? is it safe? you have limit 3 cars to sell in nevada thru personal, i want to avoid it+ if something happens investigators pull up to me directly..llc just 250 $ but maybe its like a shield at least to protect identity ?
@Juniorflip013 жыл бұрын
I just started turo a week ago with one car. How long should I wait til I add another? And how would I go about getting approved for another car?
@LuckyLopez7773 жыл бұрын
Depends on your beget and plan. 3-6 monthbs
@mahbubmo3 жыл бұрын
Does turo allow prior salvage cars on their platform.
@LuckyLopez7773 жыл бұрын
No. I’ve seen people get away with it but if you get audited you will get kicked off the platform
@mahbubmo3 жыл бұрын
@@LuckyLopez777 thanks fir getting back.
@alvincurry15293 жыл бұрын
I'm in Atlanta I'm a small dealer I keep hearing it takes 250,000 to start doing bhph y does it take some much? Does that included floor plan money?
@LuckyLopez7773 жыл бұрын
You can’t use lines of credit when doing BHPH
@LuckyLopez7773 жыл бұрын
Could take more if you sell a lot of cars
@Mrfitness247263 жыл бұрын
You mentioned rental license, does Turo provide the license or do I need to obtain my own?
@LuckyLopez7773 жыл бұрын
you have to get it on your own
@Mrfitness247263 жыл бұрын
I guess I should've ask, is a rental license required to be Turo host?
@LuckyLopez7773 жыл бұрын
@@Mrfitness24726 no it’s not
@Mrfitness247263 жыл бұрын
@@LuckyLopez777 Thank you!
@guyana4263 жыл бұрын
I have a question so I have a 2019 Camaro 2ss which is modified pushing like 500whp’ does turo accept modified vehicles for rent ?
@LuckyLopez7773 жыл бұрын
In my opinion no. If it’s cosmetic. It helps. But if you put 500hp. People are going to want to do burnouts in you car
@daquanmcdonald71042 жыл бұрын
Someone gone fuck that car up bro 🤧
@drewfoster14932 жыл бұрын
Ive got a 450 hp F150 and would never put it on turo. People dont know how to handle modified cars and would reck it.
@dprecocious12 жыл бұрын
Down payment??!! Now why on earth would I ever want to make one of those???
@LuckyLopez7772 жыл бұрын
To our run depreciation. Most rental car companies and people on Turo always pay the bare min. After two years of racking up a bunch of miles and beating up the car they are usually upside down $8k to $12,000 and they can’t get into a new vehicle unless they roll that into the new one so we always recommend putting a down payment as well adding $100 on top of a monthly payment.
@dprecocious12 жыл бұрын
@@LuckyLopez777 I don’t follow. Why would having a high mileage rental stop you from getting into a new vehicle???
@dprecocious12 жыл бұрын
@@LuckyLopez777 And why should the goal be to outrun depreciation in every or even most instances? A high mileage vehicle still will serve as an asset, provided someone is willing to rent it. It becomes a liability only insofar as you want to sell the vehicle or maintenance costs become prohibitively expensive. But if you aren’t interested in selling and maintenance costs are manageable, i.e., don’t outpace profits, then a high mileage vehicle can definitely work.
@dprecocious12 жыл бұрын
@@LuckyLopez777 The way to avoid owing more on the vehicle than it’s worth is to reinvest OPM (other people’s money) back into the vehicle) or get gap insurance (if you’re worried about coming out of pocket in the event of an accident). This way you outrun depreciation and hold on to more of your own cash. Now way I’m giving a car/finance company any more than I absolutely need to.
@xavierrobinson2002 жыл бұрын
Guys have friends rent your car and leave reviews 😁.
@jwhit38492 жыл бұрын
Paying them for a positive review. Sounds like a dishonest practice.
@LuckyLopez7772 жыл бұрын
Not really just about every company out there will give you some sort of a benefit for believing a positive review whether it’s a gift card a free upgrade a discount every major corporation does it
@Projects7272 жыл бұрын
If you keep giving people money you renting your car for free because there's not much money in this, might as well just stop doing turo