My Turo Exit Strategy! How I buy cars for Turo. When to get out

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YT: Saimah's Experience

[@autopiawholesale]

As a prior GSM with luxury brands I think you nailed it! it’s a huge benefit to know how these sales managers think. Some nights I would have done almost anything for a deal.. Step up on a 1yr old Vette? No problem! Just do it. Make any deal. The top sales person approach is great, definitely your best play if you can’t get the sales manager on the phone or better yet work directly with the GSM, just call him like he’s your old buddy...just another way to cut straight through the clutter. Knowing your numbers is the key, the sales manager can assemble you numbers in 30 seconds, you should know them that good too. Find the SM or GSM and work the deal over the phone. Just remember they need deals, every day.

[@saimahsexperience]

Thank you for this awesome input!

[@crushinggiants995]

You should make a channel about this Scott

[@shonnbennett7682]

How do I figure out who the top sales person is if you walk in whoever you talk to is going to say they are. Lol

[@Jdonaldson901]

What’s the key to finding the best sales manager… When I purchased my first challenger I feel like the guy I was working with was new due to the conversations we had during the process and also I end up buying into what they wanted my price to be

[@guysumpthin2974]

@@saimahsexperience ❤️❤️❤️, but is that a “slingshot”= huge liability (get rid of it) . When the front end has 2x the stability of the rear end , abrupt spin-outs” are inevitable . I’ve seen the remains, in all types of traffic. Similar to having 40lbs of air in all but one rear tire having 5 lbs (and then drive it aggressively)

[@A_M2052]

No cap I just came because she’s Hottie... 😍.... I STAYED because she’s A Smartie 🙏🏾

[@cryptounderdog9665]

Same

[@kilrn4l510]

Non-fiction!

[@ghostup101]

Don’t simp.

[@TRDeals]

Facts

[@locks4]

@@ghostup101 are you gay?

[@SHEQUAN]

You are literally incredible. Also extremely good at speaking with flow, no edits what so ever.

[@dailyfuturetrades4998]

Great vid! New York laws are different for Tyro

[@trecome396]

🙄

[@ninovigil2254]

Exactly. Her content helps a lot . Very well explained and chopped up pretty good 👍😊👍

[@ORIGIN-qy1ve]

She definitely EDUCATED me on this and I am GRATEFUL !!! She gets straight to the point.

[@jeseniaespinal6350]

Wow, you really broke it down. This was one of the most clear and informative videos I have seen. I really appreciate you for making this video ❤️🙏

[@stbrown24]

This woman is dropping major keys an knowledge wow! Thank you!

[@MHM828]

Corvette keys sound great!

[@dj1ei8ht74]

I know this video is a year old, but you are the truth! Great business ethics, logic and details. Thank you for this video.

[@facetiouslyinsolent8313]

Wonderful information, for anyone new to the auto industry reading this stay "far" away from dealer add-ons. Dealerships regularly charge 200-800% and up for something you probably don't need or can do yourself. As an example a dealership I worked for charged $270 for fabric protection. For under $15 you can get 2 cans of Scotch guard and spend 10 minutes of your time to you save $255. That's a 1,800% mark-up and people buy it! Even worse, imagine paying interest on that insane mark-up. It's brutally painful.

[@PatriotsTribe]

Very true, except in certain situations like she’s taking about. Otherwise it’s better to put cash down to to get rid of negative equity and calculate your cash on cash return over the life of that loan.

[@user-vl2zh6bj6x]

My dumbass paid 800 dollars for some lux care package upon buying my 2015 STI

[@paulaevans6291]

@@user-vl2zh6bj6x Lol! You're not dumb. I like to say people don't know. People think it's better because it comes from the dealer; they're in business to make money.

[@user-vl2zh6bj6x]

Yeah, I paid $800 for 6 bottles of automotive detailing..And I bought an extended warranty (at time of purchase) for $1800 which just expired and I never used it😔😖 * 🤔hindsight is 2020 as the saying goes!😬

[@ScottyNandoMusic]

Thank thank you, between music and Turo you’ve helped me bank 7,00,000. You’re very helpful don’t stop

[@Kasaner]

yeahhhh let’s go with that

[@black12212]

I would suggest buying a car that is already 2-4 years old. The bulk of the depreciation is already in place by then, plus the car is new enough to still have a lot of life in it.

[@JohnDoa1980]

This is what I decided is going to be my strategy if I start up with the Turo business. Buy later model cars at a value that still have a lot of shelf life in them. If you can get a dealership licence and get them at auction that's gold. Great minds think alike.

[@Renould2010]

Excellent, great job explaining, this data, on renting a car on Toro, Keep Shining, Bright, 😍🥰💎👑🌟⭐️💯👏👏👏👏👏👏👍.

[@saimahsexperience]

Thank you! 🤗

[@tareancarter6570]

This video makes 100% sense and I work at a dealership for a few months

[@EnjoyTravelUSA]

I love how you explain everything. Really cool video.

[@VladTechGuy]

xD nice даже ты тут)))

[@Theo-dj7vs]

Influenced much?

[@DjJSlink]

Simp!

[@antoinepowell649]

@@DjJSlink so wait if u get information from a woman and u thank her u call that simp 🤔

[@happydays454]

Simpson's!!! Good job

[@mr.drizzay7947]

Thank you.. not sure if your reading this . But the time you taken to explain to us in detail is soooooooo amazing to me for me and others you answered so many questions I had, you are a true QUEEN

[@glimaboston]

Saimah, love your videos! One important thing, though, on the Corvette example. Don't you have to factor in insurance, in addition to the car payment? Not talking about Turo's insurance cut (in your case, 15%), but your own personal insurance on the car for the times you're driving it.

[@CRVgarage]

Good point.

[@daddysfreepicks]

I can listen to you all day.

[@mynumerologynumbers]

I had so many questions this morning about the purchasing process and risk. The algorithm brought me here.

[@saimahsexperience]

awesome! definitely check out my new video it breaks it down even further kzbin.info/www/bejne/jpPYmKtrh6uVhJY

[@kirkdunn1379]

Had no idea this was even a thing.....ive bought 2 trucks in 2 years and about to buy my 3rd....I was smart, got good deals and recently bought a truck during covid thats in really high demand so I can get out of it for 0 cost aside my monthly payment.....learn something new everyday.....very well spoken presentation 👏

[@user-lc7zt8sk6i]

Did you get a 0% 60 month apr rate?

[@tharindudharmakumara5554]

You are awesome man ♥️ you speak your real-life experience without hiding anything 😍 wish you all the best with your business and may your all dreams come true !!!!

[@saimahsexperience]

Thank you so much 😀

[@user-rm9uh1jp7z]

Very informative information. I appreciate that you're sharing great information of value to folks considering getting into the Turo car-sharing business.

[@carshark2147]

I've watched many of your videos last 2 years. You do a great job of explaining every aspect and every avenue of how it works. Best Regards. The Car Shark 🦈 .

[@saimahsexperience]

Wow, thank you!

[@JohnnieCash305]

All the Big Rental car companies do the same thing. After they cars reach a certain amount of miles on it they sale them. If they have a exit strategy so should Turo host.

[@marcospelaez5970]

You’re one of my top KZbinrs to go to for Turo information, watched a lot of your videos. Very informational. Just put my personal car on Turo on a whim last week. I’m already booked for the majority of this month and next across 5 mid or long term trips. My first booking was 30 minutes after posting and all the other trip bookings happened within the first two days of being posted. Now I’m thinking of buying cars specifically to rent on Turo and you’ve been a lot of inspiration and education for me. Excited to learn more and see where this goes!

[@saimahsexperience]

that's amazing! so happy to hear that! please keep us updated time to time on how things go for you!

[@marcospelaez5970]

@@saimahsexperience thanks so much Saimah! The first client just returned my car yesterday and gave me 5 stars! My next rental begins in two days - getting my car nice and clean tomorrow. I will definitely give another update after my next few trips.

[@user-lc7zt8sk6i]

Every 1:45 I get an ad I need to skip...gessh...just let me watch the woman drop wealth of knowledge

[@Dspier23]

@19:30 mark .... you are so so right! I am in the Auto Industry and planning to start Turo on the side. However I have been the Salesman of the year 4 years straight and going on #5 now. Through my experience you hit it right on the nose it's all about units and time we have a way better understanding of what works and what doesn't work we also have a better sales relationship with the sales desk and finance department. As for a rookies or a "Green Pea" that is what we call them. They are not going to get as much leeway if we need to reduce the price of certain items. With the Green Pea the sales mgr or the "Desk" which is who says what goes numbers wise are going to hold the rookies feet to the fire and not budge as much in efforts to try and train them as well. Your statement about the value of the vehicle in a year and negative equity is key. Kelley Blue Book is another tool you can use to gauge the value of your car in a year. This will definitely fluctuate with the market. But at lease can get a ballpark value with the added miles. GREAT VIDEO! 👍🏽 THANK YOU

[@Arx9845]

Hi Saimah. This video was made prior to COVID. What portion of your profit is dedicated to reserve? Also, what are your average returns annualized?

[@tosha904]

Awesome! Totally changed my perspective on car buying to run a business

[@NathanShutes]

I haven't even finished this video yet, but it's pure gold. Thank you. I actually own a C7 as a personal car, so I know what you are saying it dead on.

[@eliasdiaz2634]

Very good information to consider when doing Turo. I feel trade in value depends highly on a lot of variables such as Geographic location. Jeeps here in Texas are up there for resale values with pickup trucks. Everyone owns and wants a pickup truck or Jeep to modify. I got a good amount on my trade for my 2013 Jeep Wrangler compared to other cars...

[@martellparks1450]

by far one of your best videos. this was so much value.

[@TonyLuxuryCars]

Hello, my name is Tony from Louisville, KY. I'm the top Turo host in my city, I just started a year ago and now have over 1,200 trips, 17 cars fleet, and make over $300,000 a year! I would love to do a video with you and talk business!

[@asktonywhy]

Okay everything she is saying is great. What she didn't talk about beside the car payment is also the insurance payment. When financing the car I have to get my own insurance to satisfy the bank who is giving me the loan. So it's not only the car payment, there is also the insurance payments.

[@George-nn8ui]

Trading and having 20% apr was a rough start. Best to look for private deals or pay a huge chunk of the car with cash at least half.

[@hextremelydesirable1648]

HEX coin is paying up to 40 percent apy... currently $0.22 will most likely settle to .19 again.. youre welcome. check out richard heart on youtube for more

[@arakibit]

Things to look out for when buying a Turo car: - 18% off MSRP - generally dealers who have incentive to clear out their vehicles - 1-3% interest on loan - Good resale value (e.g. selling a corvette at a BMW dealership get a BMW financing and its cashflow +ve where as something like a KIA will likely go to auction) - look for the top sales person whom usually go by quantity of their sales than up-sell

[@yenielcazola5307]

Gracias por compartir tus conocimientos,thanks a lot for sharing ur knowledge with us ,I’m starting soon on this business,trying to get me a BMW ...mucha suerte en tu negocio ( cuba is in the building mami 👊🏽)

[@dkimanib]

Nice video, very clear and informative no distracting music or gimmicks. Thank you for posting.

[@jeffshearer7800]

So thorough on all angles. You are a brilliant one.

[@saimahsexperience]

Thank you!!

[@themillionairechannel3969]

How did this plan work during the pandemic? Were you able to get the deal you were looking for? If you did, did you profit or break even on rentals?

[@PatriotsTribe]

Can you tell us what your criteria on milage when purchasing and selling cars?

[@bugged120]

Excellent overview and solid suggestions. Thanks 😊

[@AboutMyIssue01]

Man.... The fact that your knowledgeable and informative .. Thank you.

[@deanlicorish9219]

THIS VIDEO WAS SOOOOO GOOD!!! OMG, CLARITY! THANK GOD FOR YOU!

[@rockyortiz6620]

Extremely talented young lady, very informative, Thank you for the advice.....

[@teebrown1986]

You do a great job of explaining your process with detail. Very professional. Thanks

[@JesusismyRedeemerandLord]

Thank you for all the great info. You are very research heavy and you convey info very well. GOD bless you!!

[@transracial6973]

If you have cash auction cars would be great

[@transracial6973]

Nvm they dont take salvage vehicles

[@aymenem5304]

They don’t ?

[@ThePatDoran]

Great video! Thanks for making this. Car sharing for passive income is something I’m looking to get into and this video is extremely helpful!

[@aswadmalik1740]

I enjoyed your perspective. If I move forward I will use you as mentor through your vids.

[@BLESS59]

Hey good morning now in all fairness the smile and beauty is what completely brought me here but ur knowledge and experience definitely made me have a seat🤷🏽‍♂️...I love a Beautiful Business woman, I would pay for ur knowledge, great video!

[@MrSuperman0994]

You’re so dope. Thanks for taking the time to do this

[@consaka1]

Its good for you that you are in pretty good weather all year. Up here in WA I don't think I could rent a Corvette out that much. I'd love to try though.

[@user-lc7zt8sk6i]

Keep us posted on how it goes!

[@consaka1]

@@user-lc7zt8sk6i My current goal is to get out of it. I just don't have time anymore and with covid-19 I'm losing money left and right.

[@user-lc7zt8sk6i]

@@consaka1 I didnt want to assume anything, but that's what I was imagining and wondering. Thanks for the reply!

[@onesmoothcat]

@@consaka1 what year is it, i may be able to sub lease from you. if still available

[@consaka1]

@@onesmoothcat I don't have a lease.

[@earnyourmillions55]

I'm in California!! And I'm looking to buy a car for Turo excited and nervous but I'm ready. New to the channel support and subscribe

[@LaniKauvaka]

Thanks for all of the advice! Definitely want to get started!

[@tooting786]

Hi, I wanted to find out how to you deal with GAP insurance when giving out your cars? Most GAP insurnaces which will not cover peer to peer car sharing or renting car out in the UK

[@patrickobrien3333]

9:45, but I like shiny things. I have started contemplating starting a Turo business, but haven't made any decisions yet. I appreciate you informing us how important it is to do research prior to just jumping in head 1st. I see you have some more recent videos, also. Thank you for the tutorial. I hope you have great success in your business.

[@L1GHT119]

Thanks for sharing! Very informative and well received!

[@Reg44T]

Now I get it. Those car going 120 mph on the expressway are rentals!

[@truthseeker123]

I’m on car 4 now, just seen you video and definite value so thanks

[@byzik3114]

Great video! I started with a 2018 Camry I didn’t use and it’s been great but I want to expand more and was looking at use cars and this video brought a more clear point to me, with the cost of maintenance and all, thanks 🙏🏼

[@amaturearcadia]

So have you expanded and what are you earning after overhead with the Camery

[@PurposetheSaviour]

I’m glad I came across your page amazing info 💪🏾🔥🔥

[@robertsamuel2990]

Awesome information ℹ️

[@jojoxlt]

Also, looking for the best or top salesman at a dealership can guarantee you one thing, you're probably going to pay more than you should for the car, warranties, amenities, etc. You never want to talk monthly payment, you should always talk bottom line price of the vehicle, even in this instance for renting your car out. If you can get 1-3% APR, then you're in great shape, but most car buyers are nowhere near that APR and end up getting raked over the coals.

[@fabrodfabian]

My auto advocate is another great channel that focuses on buying cars from a dealership. Their rule of thumb is NEVER talk about car payments.. Always focus on the total price. Naturally if the total price is lower the payment will be lower especially if you secure a loan through your bank.

[@okthennone]

Private party purchase is much better. In Arizona we pay no sales tax on private party purchases.

[@alexgreene7939]

Great videos thank you for all the information!

[@christopherross8358]

How do you feel about using Classic Cars (60's & 70's) if you knew how to restore, maintain, and tune them?

[@DC-se3vr]

Great information. I already need an exit strategy for my vehicle. An auction sounds like a great idea. If I could sell mine back an replace it with a higher end that would be great. I used that exit strategy you mentioned on my last car to clear the equity. I’m definitely going to look for used cars first now with good resale value. Thanks a bunch.

[@KarelleDIY]

Great content as usual Saimah.. But to anyone looking to start TURO. *RESEARCH* your area First!! Corvettes are a great choice for her area but may not be for yours! You don't want to buy an expensive car if there is no demand for it in your area.

[@cedrichylton6256]

Great video! Very informative. Will definitely be using these tips

[@saimahsexperience]

appreciate it!

[@Marlon.Persaud]

wow, this is EXACTLY the information I was looking for! Thank you! 🙏

[@jamesrobinson2017]

I'm subbing to you channel. Great info. I'm ready to get a second vehicle here in Houston, just need to decide...maybe an X series, JGC Summit, or Fiesta

[@johnlamb4465]

You are so on top of this and its awesome. Great video!

[@nashsaleem2156]

brilliant, very knowledge and informative. thank you for all the information.

[@arthurlang7453]

I agree The Corvette is the ideal car but you have to be able to get it

[@ChrisBrownREPro]

Appreciate the input and knowledge...

[@wynterduh]

can you make a video on how you used your turo profits to actually invest into more cars? like the strategy? or did youjust wait till you made enough profit for another down payment?

[@LookOutside...]

where do you park your cars?

[@bluewilliams5991]

Thanks for the help. This clear things up

[@papat6969]

Thank you so much!!! Starting Turo has been good so far thanks to your advices.

[@kensg]

Thank you for this information, I never knew this ..thank you :)

[@drchrisfrykman7573]

Very thoughtful. Thank you.

[@imrichbtch1995]

This helped my business so much thank you

[@billionairestatus539]

Thank you for this

[@keithwalters221]

Great advice I get it now it was everything I needed to know before I started

[@jojoxlt]

Crazy you say Jeep's don't have resale value...they basically hold their value (if kept in good condition) better than or as good as any vehicle on the market right now.

[@Bluebird22200]

No the fuck they don't

[@dr.ghaith]

Great video and info. You are very smart and knowledgeable about this

[@andriymamonov3438]

I give you like because you are giving important information for free

[@ArchWayE]

Great informative video as always.

[@stephenberry2192]

Best Video I’ve seen so far in this subject. I want to get high revenue and profit, so may go with the LUX/Sports cars, but will start my research for now to see how I can start with any high valued car and still be able to get a good Turo price, and re-sell value in 12 months. Will definitely be looking at car dealership lots allot differently now. I don’t mind starting with a cheaper car, but will have to trade it in maybe in 6 months, which maybe could get it leased, or buy with high value. Then move up from there.

[@illgazillion]

Thank you, this helps me out a ton.

[@ahmeshmughal1406]

Can you make a video on how you choose your coverage?

[@ivanleyva5047]

Bueaty & brains, subscribed.

[@krystalsperfectteeth8194]

You are a true inspiration to me.

[@edwardv4546]

Wow. This video was so thorough. Thank you for posting.

[@martinextraordinaire]

Great information

[@MooreLegacyFarms]

You’re amazing and I love your strategies. I wanted to follow those who looked at this truly as a business with a wealth mindset. My husband and I are super excited to learn more and look to your trainings as well.

[@danieldwyer3555]

Very Informative Thanks!!

[@danielacker7085]

Thank you for such an in depth video on this! How do you handle insurance? Thanks

[@XX-166]

There’s only one real thing I would disagree with on your buyer strategy. Never tell these salesman what you want your note to be upon entering the dealership or signing any papers. That lowers your bargain position totally and it places the position of control in their hands. Remember they need you and you have to act aloof and act like you don’t need them even if you do. Get your invoice price before you go in and then look at 2-8% lower then that NOT the sticker price. share as little info as possible with them and get your preferred buyer/price number on a contact signed before you talk about any trade in number... don’t let them combine the two. That’s 2 separate transactions so treat them that way and you’ll walk away a winner. But be prepared to walk out also and move onto a dealership that will EARN your business not the stealerships that don’t deserve your business.

[@herranton]

I don't sell cars, but I do make 100% of my income from commission on sales. And I will say this. If you tell me what you can afford, and where you want your monthly payments, I will get you the best deal on products you can afford and that you will be happy with. If you try to play me, I will feel it instantly (I do this shit every day, youre not going to do/say anything I haven't heard 20 time before), we aren't going to come to a deal we can both be happy about because one of us is being shady. Most people in sales, and the good ones, don't care about squeezing maximum commission from every deal. They want happy customers that will come back and spend more later and tell their friends. The object is to make more deals, not screw people. The more honest, the more money. If the customer isn't being honest, they are just hurting themselves.

[@XX-166]

herranton1979 if the customer doesn’t do their own homework prior to the sale they’re hurting themselves. The last thing they wanna do is tell a salesman what they want their car note to be, that’s when the customer will get played.

[@herranton]

@@XX-166 Of course, do your own homework. But don't be shady. I don't walk into any deal thinking I want to squeeze every last penny out of someone. Nor does any good sales guy. You shouldn't walk into it with the expectation that you're going to know more than the sales people. I make more money when my customers are happy. They tell their friends and I get more sales. I wanna be your guy. That's how sales people make money. If you get a reputation for screwing people, you won't last, especially in the internet age. (But also, let's be clear here, I know more about my product than you do. If you 'do your homework' and get everything wrong when I show up; don't get all mad when I correct you. This happens every once in awhile where I show up, someone insists on the wrong product, and gets mad when I advise against it. At that point I have two bad options. I can sell you a product you won't be happy with, or I can try to explain why you want something else. At that point, if I try to sell you something else, people sometimes think I'm putting a sales job on them. Then you're just hurting yourself. More than once, someone has insisted on a product I don't recommend, spent over ten thousand dollars, and then called 3 months later either mad that the product failed (even though I explained that it probably would) or that they aren't happy with it because it isn't performing how the internet said it would. I'm very sorry Mrs. Johnson, but do you remember when we discussed how I didn't think this product would work for you? I know you read that on the internet, but I tried to explain that isn't how _my_ product works.)

[@XX-166]

herranton1979 that’s great that you subscribe to your own sales tactics. The buyer should subscribe to their own to protect that financial investment so that the money is spent wisely. Get informed BEFORE you go into the dealership and the buyer will have a better experience since it’s their money that’s being spent. The informed customer ultimately decides their destiny not the dealership or the salesman.

[@royalty12]

She came up with an exit strategy for Turo, then came up with one for our marriage. I’m still in love but now depression is kicking in