Buying M3 for Turo

[xxfasteddie]

So I thought about getting a used MX for Turo, but don't want to spend that much. Was thinking of getting either a RWD M3 or wait for the M3LR and try to get the tax credit. Right now I have a MYP and use it for rideshare as a side hustle. I could even rent that out and use the M3 since I'm not attached to it. Any recommendations?

 

[jjrandorin]

Any recommendations?

How long would it take you to earn back the money you spent buying the car? Said another way, how long would you have to rent it out, and at what numbers, to even "break even" on it?

 

[Chattanooga3]

I have enough headaches in my life without dealing with that nonsense. (Especially in Vegas)

Work the numbers as stated above.

 

[APT21]

I used to Toro my QX80 but it was paid off. It’s an easy money maker but I stopped as it wasn’t worth the stress. If you’re not concerned then just do the math and see what others are making. You’re the only one that will know if the money is worth it. Good luck

 

[Kandiru]

There will be collisions as chem impaired driver ratios are disproportionately higher in Vegas, once that happens car will wait for parts 2-3mo at a time. Not worth the aggravation. Better train and get a good job.

 

[ThomasD]

If I was to put a car on Turo I would pay cash for it. It will get damaged. It will get flat tires. Some people will rent it then not return

 

[xxfasteddie]

I have enough headaches in my life without dealing with that nonsense. (Especially in Vegas)

Work the numbers as stated above.

I actually moved to Franklin, TN so the car would be rented in the Nashville area.

 

[Chattanooga3]

I actually moved to Franklin, TN so the car would be rented in the Nashville area.

I don't do NashVegas either...

 

[Apprunner]

Now that Hertz is renting Teslas for relatively cheap, is it even worth it? I got an 8 day Model Y LR rental for $530 during thanksgiving (unlimited miles).

 

[APT21]

I don't do NashVegas either...

hahaha... ive been here in Mt Juliet right outside NashVegas for 5years.