Buy Corvettes "for Turo Rental" w/ NO Money Down! (Turo Carsharing Power Host)

LEARN HOW TO BECOME A 6 FIGURE HOST ON TURO THROUGH MY EXCLUSIVE COMMUNITY
www.powerhost.club/
-6 Figure Hosting Turo Course
-Chat With Me Live
-Behind the Scenes Videos
-Industry Insider Videos
-Videos I Can’t Show to the Public
-Weekly Live Calls
-Exclusive Host Interviews
-Private Turo Host Community
www.powerhost.club/
----JOIN NOW!-----
www.powerhost.club/
MY TRACK RECORD AS AN ALL STAR HOST
- 6 YEARS
- 6 FIGURES
- THOUSANDS OF 5 STAR REVIEWS
Turo Features
turo.com/blog/community/how-t...
turo.com/blog/community/one-h...
Turo Profile
turo.com/us/en/drivers/624296
Instagram: @saimahsexperience
www.powerhost.club/ Go to:
www.saimahsexperience.com/
------------------------------------------------------------
LEARN HOW TO BECOME A 6 FIGURE HOST ON TURO WITH MY MEMBERSHIP PROGRAM
www.SaimahsExperience.com
-6 Figure Hosting Turo Course
-Behind the Scenes
-Industry Insider Videos
-Videos we can’t show to the public
-Weekly Live Calls
-Exclusive Host Interviews
-Private Daily Driven Members Facebook Support Group
www.SaimahsExperience.com
----SIGN UP NOW!-----
MY TRACK RECORD AS AN ALL STAR HOST
- 6 YEARS
- 6 FIGURES
- THOUSANDS OF 5 STAR REVIEWS
Turo Blog: turo.com/blog/community/how-t...
Find Me On
Turo Profile: turo.com/en-us/drivers/624296...
Instagram: @saimahsexperience
YT: Saimah's Experience

[@jonworsham8023]

in December, we had a 2015 BMW X5 that was involved in a accident when a guy hit my mom on the 5 freeway. It was marked as salvage and we needed a new car. My mom didn’t have the best credit due to buying a home. Her credit was about 655. She got approved for a 0% loan with ford motor company on a 72 month long term. Get a guy to go with you at the very last day of the year. We walked out because we wanted a lower payment! But a hour later they called with a amazing deal! anything is possible

[@4jrgolf]

Thanks, felt like this video was made for me. I admire your patience.

[@VideoGrabBag]

Saimahs, where are your earlier videos ? because I've watched all your videos from the start and it seems like you've been making videos for years with how well you explain things and that you have so many cars now. The video I'm looking for is an example of one of your Corvettes what your numbers look like... car payments and expenses vs. income. Bad months and good months.

[@Robertking1996]

So knowledgeable! thank you

[@dorrianh5237]

Very informative... thank you sis!!!

[@latticehudson]

Great information! I had no idea about technically not having to put down a down payment!! I will use that when I go right after Christmas!

[@lvtbus3167]

But xmas is the best time, or year end

[@TheCodeAcademy]

I got into a car accident 2 months in a row, I wasn't at fault. I haven't been able to work so my credit has free-falled. My credit has gone from 710 to 500. I just got approved for a brand new 2018 Toyota Corolla which I plan on using for Lyft or Hyrecar

[@arnoldkevorkov3640]

690 score is good. He definitely tried to make that extra

[@alexandersurratt9260]

A lot of knowledge, just picked up a c300 for zero down aiming to get a c7 corvette for zero down with a 700 credit score.

[@myreviews4905]

Go to a credit union and get preapproved for a loan first before you decide which car to get/buy. You should get the lowest rate this way.

[@antoniocruz-lg7hx]

You are absolutely right that's how I buy my cars I got 2% on my last 2 car loans

[@juliosantiago1735]

Great post

[@gabrielthomas1528]

Great video!

[@tonyoliver2330]

What has been your rate of return so far? What percent after your costs do you look for in setting up a car for the app?

[@platinumrose]

🌹So true about the down payment. None needed!

[@johnd6287]

New cars are great, but they depreciate quickly. A new car might get you a good APR right off the bat, but a gently used vehicle will hold its value better. Plus, you can (and should) refinance after a few years.

[@futures.scalper.808]

If the dealership insists on a down payment, I'll sign 3 post dated checks for say 1-2K over 4-6 weeks. Works out when timed to my paychecks.

[@williamhall2287]

Do you buy the cars in your name or under a business? By the way great content that you post!

[@samwalker5297]

Hey Saimah! It’s Sam again! Just as you advised, I have been doing a lot of homework on Turo. Actually the past three months I have been doing it with my cheap little 06 corolla and researching how it works. I am nervous but excited to say I am going to buy a brand New 2018 Hyundai Elantra. They have $3,500 off MSRP + $1000 (Uber affiliate) deals + $400 college grad deals! So it’s cheaper then the 2017 models! That’s a grand total of $4,900 off MSRP! I’m going to go right after Christmas! I have already got in contact with a dealer and my father might co-sign for me (cause I have a small credit history) cause I am young! If you have anymore tips on how to get your car ready so you can have it in the chamber and ready to go seconds after buying please let me know! I am going to college and I think this is a awesome investment!!

[@Channel--Ai]

How much are renting that for ? Keep in mind the sales tax alone might be turo car like your 06. I have a 07 seems to rent for close to what I see some new ones rent for? Good luck!

[@butterfly-pf8lj]

Sam Walker did u put your car on turo?

[@juancarlosaglugub1935]

When you say do your homework, know your numbers... what exactly am I looking for? I really want to get started. I’m down to pay for a Saimah’s Turo business class.

[@jpshoar]

How long do you usually finance for? I ask because you mentioned in another video that you'll be talking about the best time to trade in the car or sell it (I think?).

[@moneymanfernando1594]

Do you recommend new cars because they are under warranty ?? Also how about leasing your cars rather than buying them ?? Wouldn`t that make more sense ???

[@berniecruz8405]

Question, how would one buy or finance a car with no money down, with the intent of putting the car on turo for starting a business, if one doesn't have already a full time job showing a steady monthly income? I'm wondering, when you bought your first car and was just starting off with turo, did you have a job already where you were able to show a steady income in order to get the first car?

[@artcomore]

How would you prioritize your financed car payments, insurance expenses into your monthly car rental income to have a more realistic profit range? By the way great 👍 Content

[@Dynamix15]

Hi Saimah ! quick question, where do you usually store your vehicles when it's not rented out ? Thanks in advance !

[@jbenz1990]

@saimah can you give advice on where you would store vehicles if you don’t have garage space?

[@dmytroiurchenko1656]

Didn't know that you can sublease the cars. Unless if you work there and then you can make a deal with them

[@angelortiz8351]

When you do a trade in into a dealership how many miles does a car it has so it can be a good trade in car for then and you.

[@sarvenyanyan1451]

Hello Saimahs Can you rent your car at Turo if its a leased car or or does to have to be a financed?

[@gjonjuan5633]

Were you working outside of Turo, when you bought these cars?

[@jamesferrero3684]

I have 708 on transunion n 742 on equifax i’m in michigan am I able to get zero down ?

[@AugieRomero]

skip to 4:20

[@cmglandscaping2220]

I am looking to get into this business, I have herd of some people calling the clients and basically doing a small interview, is that what you do? Also what questions do you ask?

[@tyinahellcat2449]

They can't interview drivers that's not their job! Turo has screened everybody already

[@sidharthchand8072]

How about saving up And paying cash or putting a really high down payment?

[@Gotfish]

Hey Saimahs, new follower and subscriber here. I have a question about starting a TURO fleet business like you in my area. I was thinking about leasing cars for TURO fleet business. What do you think about that? Would that be riskier or more profitable in your opinion? Would be great if you did a video on that.

[@Gotfish]

@@saimahsexperience Thank you for the response. I was wondering about your story on why and how you got started with your business on Turo and how long ago? Were you always a car junkie or did you start getting into cars after jumping on Turo? I'm not sure if you did a video on your background in Turo. If you did, I apologize for repeating these already answered questions and can you link me to the video?

[@chadmcclellan7034]

Hi, great Turo video series! Intelligent lady! Do you have any issues getting car loans for a 10th or more car? Most car dealers I've talked to said it's extremely difficult for 1 person to get more than 2 car loans, even with high credit scores. Do you tell them the cars are for rental/ business use and show them Turo? Are your cars all personal car loans or business loans? And besides your credit score, is the loan based on your Turo income? I appreciate your insights and helpful information about Turo.

[@carvin66]

Chad McClellan a

[@MriLoveMyLife]

Good questions

[@samuelcaravalho268]

Aloha saimah. I would love to know these answers. Thank you.

[@roblutts457]

My question too!

[@acastillo0319]

Do you finance / lease all your cars on your own? I been told i have too many cars (3) on my name and will be hard to finance.

[@arnoldkevorkov3640]

Short term lease from, year or two would best

[@shaunwillis642]

have u ever ran into an issue where the car doesnt get rented?! what do u do if u cant pay the new car payment while trying to scale ur business?

[@alexanderduke8895]

I love you

[@Branum]

Have you read the gap insurance policies or ever had to deal with them after sharing your car in turo? I’ve been thinking about financing another new car but I’m worried about being upside down and gap not covering me due to some clause covering ride sharing.

[@Branum]

That’s a bummer I hope they give you a good value for it

[@JesusFriend]

Hi how are you. Question .do you lease or finance?

[@joelbielecki3501]

can i get a high mileage lease and rent it on turo?

[@diegodilf100]

Hey Saimahs, You are right on! I work for a dealership and everything you said is correct. I been watching multiples of your videos and they are all great and very explanatory. I am very interested in starting a business is Turo and i still have a lot to learn. I am looking to buy the new 208 Jeep wrangler for Turo especially since there is not many out there. I am also located in Miami so is the perfect vehicle for the weather. What are your thoughts?

[@navatiks7295]

Are you buying the vehicles under your name or your company?

[@bellausa411]

Mine is 712 I got for 3.25% for 3 years

[@chrisreed26]

I had car payments for years because I felt I had to have a new, name brand (Infiniti QX56, $575 mo pmt) and now at 45 I only pay cash for cars that are used, higher end well made cars such as a 2008 Lexus LS or another luxury, high end car but used is still a very nice car that someone else has eaten the high depreciation!

[@cawheeler27]

I think this video is teaching people bad habits. It's really dangerous to take out huge loans at high interest (anything above 5% is too high and you should not be buying a car.) It's especially dangerous to do it for something like turo. What happens if the company goes under? Youre now stuck with a bunch of cars you can't afford and youre left with bankruptcy.

[@murse_life]

11%?! Sheeesh!

[@hernandezorange29]

I got a 470 credit score but my sister has a 650 and she’s my co signer this didn’t answer my question about how to get a car with a 0 down payment

[@BryanAgapito]

Don’t borrow money to buy a car, pay it cash, having credit is for people who want to stay in debt. You can definitely lease and buy a house with no credit.

[@Pernection]

Insurance?

[@FortyTwoAnswerToEverything]

Do the banks know that you are lending out the cars? Are they against that?

[@wirecoaching477]

Good question

[@conservativeveterans3129]

Which is better for turo business, lease or purchase a car?

[@conservativeveterans3129]

Saimahs Experience what if the leasing is not unlimited mileage?

[@conservativeveterans3129]

Saimahs Experience 💕

[@BoredAtWork2000]

11% ?!? Wow...you need to find a new lender!

[@maduran31]

What model Vette is that?

[@grantprice2328]

C7 stingray

[@dabfan3644]

Sooooo basically you’re saying sign a 4 or 5 year loan at 11% and try to parlay that purchase so that you earn enough from it on turo to cover the payment?!? Lol. I’m glad you don’t dictate my finances.

[@samgallub4340]

I thought you must own cars outright for Turo no financing allowed?, I just asked Turo online customer service

[@ronalvalerio1195]

A Nissan pathfinder 2017 will be a ok turo rental?

[@ronalvalerio1195]

@@saimahsexperience thank you

[@arnoldkevorkov3640]

650 score with get you bought but at what rate??? 650 score means big monthly

[@arnoldkevorkov3640]

Saimahs Experience I know how credit works, I used to sell cars at key's Mercedes. No way out of a high payment on a lease with 650score. Perfect credit with long history won't help. Because the good credit and low score means the person has a high income to debt ratio. So bigger down or higher score is inevitable and 72month financing don't make sense to me. After couple of years of use the car is not worth much much less because it was load out to people and it was use. So to me it seems like I'll be pay 72 months for something that has no value after 36 month if that. Just my opinion ✌️

[@Essays4College]

Give us real numbers! Are you making a profit on the Turo cars not???

[@situationmoney]

Actually, there is no advantage for dealers if they get paid in cash, down payment /loan, or 100% financing. They will get the full negotiated sales price from the buyer and/or the finance company within a few days. Because of this, always negotiate the out the door sales price (car+tax+title+license) first before talking about payment options.

[@customername181]

This information is not entirely accurate but I'm sure it was offered with only good intent to help inform people that there are options available even when they might not think there is. The down payment that a dealership asks for may or may not be a requirement from the bank that the dealership plans to use. If the bank gives the dealership an "approval" or "counter offer" that is requesting 10% - 20% down payment based off your personal credit and the vehicle that you are purchasing then that's the amount that bank will need to receive to fund the deal. If you want to get yourself a vehicle loan with "No Money Down" you'll need to either have good credit, a trade with positive equity, or down payment assistance from the manufacture or dealership. You'll find it's often best to buy New if you are new to credit or have had some credit issues in the past because often times the factory financing incentive will allow for little to no money down even if you have sub-par credit worthiness.

[@DozerbobTV]

Her significant other is her camera man and tripod FeelsBadMan

[@bandmajorsbeats836]

How are you able to trade in a car with an existing loan. I didn't know banks let you finance another car without paying off the existing loan.

[@brianarmstrong7196]

Are you really buying your cars brand new? Wouldn't it be better to buy a used car that gone through some depreciation already?

[@SuperFootage]

single

[@justinliu1570]

if you can go broke buying Christmas gifts YOU CAN'T AFFORD A CAR!

[@mikelee7912]

Not that bad? Lol you can get a house with a 610 score if she got a 690 she can take the car off the lot for the most part lol where u at in Vegas? Lol

[@butterfly-pf8lj]

mike lee can u please tell me where can i get a house with a 610 please i am looking into mortgage a house with such credit of 640

[@jeffcolmyer3644]

So this is what it sounds like when a low information person tries to explain something they really dont understand lol. Good attempt though.

[@AaronCunningham]

A lot of car dealers are Sleazeballs. Get a Tesla and avoid them altogether!

[@arnoldkevorkov3640]

You shouldn't buy a car if you know you don't have money. Just my opinion ✌️

[@speedbird7976]

Arnold Kevorkov that advise is solid and I will never finance a car for personal use, however when it’s for business and money generating purposes I do believe in financing.

[@stickdeck]

Wow thanks for waiting my time, you said absolutely nothing. And I can see from the comment section that you don’t respond to your viewers, really nice.

[@Mankelberrie]

mike black “wasting”

[@lukasmeyer1992]

Why would you buy a car on credit? I just dont get it why americans are so much into buying stuff on credit. Get a 500$ shitbox, save the money and buy your dream car cash. Whats so difficult about this idea? US Americans have a very good income on averege, why would they need credit to buy a car? Cars are like 50% the price of the same cars in Europe and US people ear about the same.

[@BoredAtWork2000]

This person is renting the car for business. Who would rent your $500 shit box?!?

[@lukasmeyer1992]

BoredAtWork2000 But why dont you buy the cars with your money? Is it so sexy to buy on credit?

[@BoredAtWork2000]

Lukas Meyer you still don’t understand. If you can only afford a $500 car, you won’t be able to rent it on Turo. So you take a loan from the bank at 5% (or whatever) to buy the car as a business investment. You then rent the car through TURO and make $750 a month. Just making up numbers. Meanwhile your loan payment is $400 a month. Would you rather take a loan to make $350 a month? Or just sit there with your $500 car and make zero. In this case it’s a business investment. Then if you do that long enough you could pay cash for the next car. Or buy 5 instead of 1.

[@lukasmeyer1992]

BoredAtWork2000 Buying cars and renting them out is not a 0 risk business. Dont you think its a bit cracy to go into dept just to earn a couple of 100 Dollars a month?

[@BoredAtWork2000]

Lukas Meyer the cash on cash return is good. Most large companies in the world have debt. That’s how they grow. I’m really not sure if you are severely risk adverse, still not getting it, or just don’t understand business. I’m not trying to be rude. Taking a risk is normal in the business world regardless of what country you are from.

[@KickAssHappyDay]

I've been in real estate (I know finances) all my life.... Buying a car with ZERO down is the dumbest advice I've heard in my life. Literally, you are setting people up for failure. The first person to lose their shirt is gonna be you. You are buying expensive new cars with ZERO down. All it will take is a dip in the economy or Turo loses its business/market. There is a recession coming(Early 2019 to late 2020), real estate prices are on a stagnant to a downward trend, and Europe is already in financial crisis. Be careful madam or this hobby of yours is gonna make you lose everything. I doubt you are figuring in the cost to maintain and run these vehicles properly. A 60K car has to be rented for $200-$400 a day to break even in the long term.

[@texastyrannyresponseteam794]

you are full of bullshit.. New car financing is cheap... 0%-2.9%... alot less than you can make on your money elsewhere.. why would you use your cash on hand when you can borrow theirs so cheap... the rule is put your cash where it makes you the most... and in the dealers pocket isn't it.. not when they are selling money so cheap... now, on sub prime loans.. 18%.. you will have to put money down just to get the loan equitable for the lender to take the risk.. and the dealer to clear their fees they "can't" disclose... oh.. and the profit. but she's talking about good credit new car loans.. you should always take the cheap money.. and invest your cash where it makes most..

[@heatherhousesatlanta888]

AP has a point. I’m in Real estate as well. If Saimah has all high end financed cars when we hit the recession-the market for those types of cars may go down. I think it’s important to diversify your Turo fleet.