Best Cars for Turo Rentals

Key Considerations for Turo Fleet Success

• Return on Investment (ROI): Focus on cars that deliver high profits after all expenses.
• Maintenance Costs: Reliable cars with lower maintenance costs tend to perform better.

Host Experience and Offer

• Experience: Over 6 years as a Turo host with 27 cars.
• Income: Generates $25,000 to $30,000 monthly.
• Course Offering: Car Sharing Masterclass available with a $200 discount during Black Friday promotion.
  • Covers setting up a Turo business, LLCs, insurance, buying cars, and more.

Evaluating Car Performance

• Look at both current performance and trends.
• Consider purchase cost, maintenance costs, and repair needs.

Top Three Best Performing Cars

3. 2009 Mercedes-Benz C300

• Performance: Highest earner, repair-free apart from regular maintenance.
• Earnings: Made $32,000 after expenses in 2.5 years.
• Purchase: Low mileage and well-maintained by previous owners.
• Learning: Inspired purchase of another Mercedes in fleet.

2. 2011 Ford Focus

• Consistency: Consistently rented and issue-free.
• Purchase: Bought for $5,000 with under 100,000 miles.
• Earnings: Expected profit of $20,000 upon sale.

1. 2007 Ford Focus

• Cost Efficiency: Extremely reliable with low purchase cost ($2,300).
• Earnings: Estimated over $40,000 in profit.
• Maintenance: Minimal issues, mostly typical maintenance.
• Strategy: Reinforced focus on low-end economy cars.

Three Worst Performing Cars

3. 2015 Kia

• Issues: Frequently unavailable due to repairs and a recall.
• Cost: Paid $6,700 with 100,000 miles.
• Performance: Made twice its cost but unlisted due to recall.

2. Lexus ES350

• Mistakes: Overpaid; underestimated impact of hail damage on luxury renters.
• Performance: Poor performance on Getaround and Turo.
• Adjustments: Sold car to reallocate funds.

1. 2012 Ford Fusion

• Problems: Major PCM failure led to 6 months of inactivity.
• Cost: Purchased for $5,700 but only made $3,000 in profit.
• Conclusion: Worst performer in fleet history.

Conclusion

• Hosts should focus on ROI and maintaining a fleet of reliable vehicles.
• Lessons learned from both successes and failures are crucial for future decisions.
• Availability of the Car Sharing Masterclass offers structured guidance for aspiring Turo hosts.