How To Decide if a Turo Car is Worth Buying

Let's talk about how to analyze Turo deals
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00:00 - Intro
What's up you guys! In today's video, I am going to walk you through step-by-step how I analyze deals for my Turo fleet. Let's go!

00:36 - My Thought Process With My Fleet
First and foremost I have to mention that at this point in time I have been on Turo for nearly 5 years, so because of that I certainly have learned what works and what does not work. This means that as long as I stick to what I know I don't do a ton of market analysis, the one time I do is if I am buying a new car that I don't know a lot about or that I've never owned before.

06:32 - Car Sales Are Slowing
Additionally, used car sales are beginning to slow down as well. If we take a look at a chart with data gathered by the US Census Bureau you will see that used car sales hit an all-time high around this time last year, but ever since then, sales have been declining. Of course, this is in part (and mostly) due to the fact that there have been MAJOR production problems in the used car market, but we've seen even heavier decreases in the last 60 days and I believe this is due to lowering demand, not necessarily poor production.

01:54 - ROI For Cars 0-$10,000
First, let's take a look at cheaper cars, these are cars that are below $10,000 (preferably around the $5,000 mark) these cars have a different set of requirements that I would like for them to meet when it comes to ROI than say for example a more expensive car.

04:41 - ROI for Higher Value Vehicles
The next set of vehicles are higher value cars, this is really any car that is above $15,000 but really I am talking about the "normal" everyday cars that are priced between $30,000-$50,000. These also have their own set of rules when it comes to ROI.

13:53 - Other Things to Take Into Account
But, when it comes to determining a good Turo Investment, ROI is just part of the equation. Maintenance should also be taken into account as well as the depreciation of the car.

15:33 - Closing
I hope you guys enjoyed this video, make sure to hit the like, subscribe, and the notification bell and I will see you guys in the next video.
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Disclaimer:
I am not a CPA, attorney, lender, or financial advisor. The content in these videos should not be construed as tax, legal, or financial advice...etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Aubrey may have an ownership interest in them – Please do not make buying or selling decisions based on Aubrey’s videos. If you need advice, please contact a qualified professional.

#SideHustle #Turo #CarMarket

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