When you sell a car vs renting one you realize what a massive scam car rental services are.
I hope we can come up with a better system one day.
I just traded in a car I bought 5 years ago for 20K and got 10K for it. If I'd sold it myself I would have gotten more.
I put about 85,000 miles on it during that time and of course I spent a few hundred dollar on maintenance during that time.
The last car I rented cost me $800 for one week and it was a newer model of the same car I traded. Wild.
Can I ask, did you sell the car to one of those car buying/reselling places? If so, why did you choose that? It seems like 99% of people do that over just listing it on marketplace for example. I'm trying to gather data.
No I just traded at a dealership and part of the reason is because it's hassle free. I don't have to deal with any of the paperwork, taxes ect, but also because they had what I wanted.
Turo?
Been looking at starting a small rental business myself via Turo
This itself is a nasty chicken in the egg problem. There aren’t enough Turo renters and there aren’t enough Turo providers. You need them both but they’ll benefit each.
I've heard of it. I think my friend used it recently when we got a Tesla.
I imagine it'll take some time to pick up, but it'll probably grow the same way Airbnb and Uber did.
