Re: Any feedback on Turo?
for the renter I think it will mostly work out ok. the one quibble I would have is that you have no idea what the maintenance history of the car you're renting really is. yeah people thrash on rental cars but the fleets keep up on the maintenance schedule, turn cars over pretty fast, and are going to take care of you pretty well if you have an issue.
for the owner (is carlord the right term here?) I think it's a bad play. the first problem is that enough people are going to undervalue their ownership costs that it's going to suppress market prices below what is sustainable. the second problem is that people thrash on rental cars and Turo's insurance is intentionally deceptive. I've heard horror stories about the policy the car owner bought into not actually covering anything when a car got too sideways and shit got real.
Re: Any feedback on Turo?
Quote:
Originally Posted by
zachateseverything
for the owner (is carlord the right term here?) I think it's a bad play. the first problem is that enough people are going to undervalue their ownership costs that it's going to suppress market prices below what is sustainable. the second problem is that people thrash on rental cars and Turo's insurance is intentionally deceptive. I've heard horror stories about the policy the car owner bought into not actually covering anything when a car got too sideways and shit got real.
Good to know. I have no intention of "carlording" through them (great term), but your description doesn't surprise me. Like with Uber, it's likely to be a model that exploits the desire/need for drawing quick cash out of a vehicle, rather than a sustainable business. As a consumer, that's... not a great way to vote with your dollars.
Re: Any feedback on Turo?
I used Turo once three years ago in Denver when there was a convention happening and no rental cars (or rooms) were available. It worked out great - late model in great condition. I returned it to owners house and the owners wife dropped us at the airport.
Re: Any feedback on Turo?
Was in Hawaii about two years ago and needed a car for the day. Rented a Miata for the day for less than the RT taxi/Uber fare would have been from where I was to the airport. The clutch had seen better days, and the car wasn't in very good shape overall, but I got to drive around Maui for a day in a manual convertible for about $80.
If I were going to be a "carlord" on Turo, I think I would buy interesting cars that were nearing the end of their useful life, advertise them as such, and price accordingly. No way I'd ever rent out my personal car.