Turo

[Icey4s]

I would do some more research in regards to the daily price you would be happy with a Taycan renting.

I just did some small searches in big cities and at least on Turo, Taycans are not fetching anywhere near some of prices mentioned, $750, $500/day.

Here is Vegas there is a 22 4S for $200/day, 21 Base for $179 and another 21 Base for $155.

Highest I saw in LA was $260, the highest in Miami was $250.

Just something to consider.

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[MissionE]

I would do some more research in regards to the daily price you would be happy with a Taycan renting.

I just did some small searches in big cities and at least on Turo, Taycans are not fetching anywhere near some of prices mentioned, $750, $500/day.

Here is Vegas there is a 22 4S for $200/day, 21 Base for $179 and another 21 Base for $155.

Highest I saw in LA was $260, the highest in Miami was $250.

Just something to consider.

Interesting no one has listed Turbos; Which would undoubtedly go for more.

 

[MissionE]

Porsche renting out their cars and an individual renting out their Porsche is comparing apples and oranges. I guess you could make the argument they are both investments then.

Yep.

Also renting from an individual is different than renting from a company. I know I’m much more likely to be cautious in a car owned by a person than from a rental outfit. You’d think that would be a deciding factor in how well someone treats the car.

 

[Gfada008]

Yeah Camrys aren’t going for 800/week. Taycan seems a perfect fit for the luxsport segment while evading the ICE risks other cars face with renters.

But I appreciate the feedback.

Yep. Camry's cost a lot less than 100K. Then again, the Turbo costs 150K plus which most likely lengthens the capital investment recovery period to 4 or 5 years - assuming all goes well. Anyway, good luck with your Turo investment business.

 

[Torv]

First rule wrt TURO is you rent a car for which you have little to no attachment. Notwithstanding, here's my fairly conservative forecast assuming you buy a used Taycan 4S:
Investment cost: $100K
Average annual Sales @800/wk: $42K
Annual estimated running costs: $5K
Contingent Exp @10% of sales: $4k
Net Annual Profit: $33K
Annual ROI: 33%

Assuming nothing crazy goes wrong, you recover your invested capital in 3 years which suggests this could be a reasonably good investment. Personally, I wouldn’t do it with a Taycan but with a Camry or a car I don't care too much about.

Don't forget Turo’s commission of 25% to facilitate the booking. On top of that, Turo charges a couple of other mandatory fees totaling approx. $40-50/rental. And finally, Turo expects you to wash the car prior to the rental, so figure another $30/rental. Turo does handle the insurance, but maintenance is completely the responsibility of the car’s owner.

 

[MissionE]

Don't forget Turo’s commission of 25% to facilitate the booking. On top of that, Turo charges a couple of other mandatory fees totaling approx. $40-50/rental. And finally, Turo expects you to wash the car prior to the rental, so figure another $30/rental. Turo does handle the insurance, but maintenance is completely the responsibility of the car’s owner.

I’m wondering if a better operation would be a company that owns all its cars and houses them in purpose-built garages complete with concierge and delivery. A total experience for the renter vs picking up the car at a guy’s house, or the airport. Pure profit.

 

[Archimedes]

I would do some more research in regards to the daily price you would be happy with a Taycan renting.

I just did some small searches in big cities and at least on Turo, Taycans are not fetching anywhere near some of prices mentioned, $750, $500/day.

Here is Vegas there is a 22 4S for $200/day, 21 Base for $179 and another 21 Base for $155.

Highest I saw in LA was $260, the highest in Miami was $250.

Just something to consider.

And if you look at the reviews, they don’t seem to be renting very frequently. I think owning a Taycan only for Turo rental purposes would be a money losing endeavor. The revenue from a few days rental a month, less fees and costs, won’t begin to cover the TCO of a Taycan.

 

[MissionE]

And if you look at the reviews, they don’t seem to be renting very frequently. I think owning a Taycan only for Turo rental purposes would be a money losing endeavor. The revenue from a few days rental a month, less fees and costs, won’t begin to cover the TCO of a Taycan.

I should think it wouldn’t be used solely for the purpose of paying for itself and braking even.

 

[Icey4s]

And if you look at the reviews, they don’t seem to be renting very frequently. I think owning a Taycan only for Turo rental purposes would be a money losing endeavor. The revenue from a few days rental a month, less fees and costs, won’t begin to cover the TCO of a Taycan.

For sure, I've heard people say they don't want to deal with charging while on vacation and that could be why the Taycans and Etrons don't rent that frequently, but then I see Teslas with a ton of rentals so I'm not sure.

 

[Archimedes]

For sure, I've heard people say they don't want to deal with charging while on vacation and that could be why the Taycans and Etrons don't rent that frequently, but then I see Teslas with a ton of rentals so I'm not sure.

People rent the Teslas because they’re cheap. And it seems some people do it to see what EVs are about and to beat on the cars. I’m a fairly responsible adult, but if I Turo’d a Tesla, I would beat the living shit of it.

 

[MissionE]

People rent the Teslas because they’re cheap. And it seems some people do it to see what EVs are about and to beat on the cars. I’m a fairly responsible adult, but if I Turo’d a Tesla, I would beat the living shit of it.

Customers as enemies. No bueno

 

[WasserGKuehlt]

Customers as enemies. No bueno

I'd say he has a point - I really can't fathom who'd be paying hundreds for a few hours with a high-end car and treat it gingerly. I don't mean carelessly (door dings etc.) but doing standing starts or anything they'd think is within their skill level.

Mind you, it's not what i'd do, but what I imagine my customers would, were I to rent my car out. As you pointed out earlier, Porsches are (generally) made to be driven - they won't melt, but you do accrue over-revs, launches etc. At the end, it depends on your combination of risk tolerance and faith in humankind..

 

[MissionE]

Mind you, it's not what i'd do

Yea, personally if I knew I was renting from a private owner and had to pay an $800 deposit [and knew the car would be scrutinized when I brought it back] I would treat it as gingerly as possible.

 

[mcdermottm]

I had a buddy who owned a large RV and he listed it on one of the RV rental/AirB&B type websites. He said he made money at it but it was a full-time job. He happened to be out of his real job on medical leave so he had the time but he said there's no way he'd have time to manage it with a full time job. I've gotta figure there would be less to deal with on the Taycan vs. an RV but there's still some management involved. Something to think about.

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