No, people who manage their fleet better actually can make out really well. They buy Corollas, Camrys, Sentras and Altimas. Not the insane cars he bought😂
If he bought just regular cars, he would do better. The cars he has need a lot of maintenance to keep them running. Should have got a Corolla, Camry etc. Saying that, Truro is something I wouldn't do.
Exactly. Imagine trying to sell a car with just ONE previous owner through a dealer. That alone is risk than just being the sole owner. This dude is selling cars where multiple recorded owners have used the assets. Just my two sense. First mistake was even telling him about their use on Turo perhaps?! But good job being humble and offering the website at the end because not everyone’s going to devalue them like that either.
@@andyleo8418 I agree 100% maybe it’s the ignorance of some people but you cannot be successful on Turo with 2 to 3 cars if you want it as a full time gig. Theres some many that are barely breaking even with their fleets. Turo only works if you have a lot of extra money to spend and your fleet is 10+ economy cars and maybe 1 luxury one in a big city like Miami, Atlanta etc.
Yup. Friend of mine rents out 3 BMW’s he paid 15k for and does well. Can’t make money with enormous overhead. People are only willing to pay but so much for a rental car.
Never buy brand new cars for turo. Big rentals like enterprise buy in bulk fleet discounts and have their own dealer network to resell the used ones right before they fall apart.
Shortly before COVID I bought a Hyundai Kona that stickered for a little over $24k. After negotiating and incentives I got it out the door for a little over 19k. A couple years later I got a note in the mail from the dealership offering to buy it back sight unseen for more than I actually paid for it. 😂
COVID saw a huge rise in car prices due to shortage of chips and higher demand from free money so most likely they had a buyer that wanted a car just like yours and were willing to pay more for it so they figured they'd offer you a good deal so that they can sell it again for more than what they paid for lol
When he said that all of his other money is tied up in real estate that probably means that he just moved into a new apartment and used his last $1,200 for the security deposit.
Why do people who obviously arent wealthy try to appear that they are? To strangers who dont even care about them. The financial equivalent of clicks on social media.
He could be buying junk and paying for all remodels and updates on the property 🤔 flipping it with a lot more value than he paid+updates. Still that risk to reward isn’t keeping him stable with 4 cars, he would have to flip a house every 2 months for that to work.
Anyone who wants to start a business go to community college and take intro to Accounting, Business management, personal finance most places it’ll cost about 1k for all the classes and books and you’ll know wtf you’re doing. I see so many people in business and they’re not making any money just because they know now how accounting and taxes work. The average 1099 person out there would make more money at Walmart or Amazon.
This channel has given me a good insight into peoples financial decisions. Thanks for the content, and i hope you prosper and continue to grow Yusuf. God Bless!
We went to Alaska 2 years ago. The car rental companies all got rid of their fleets during Covid. Renting a car could be like 150 a day. We used this place. It was weird dealing with individuals but it did work and cost us so much less.
Out of curiosity I wanted to check the trade-in value for my 2023 XSE Camry V6. It’s about 34k wholesale. It has over 13,000 miles on it. Sticker when I purchased was 38k. It’s worth more than every individual car that guy has. Let that sink in.
38k is still overpriced and you won’t sell it and in 2 years your not getting that same offer so don’t act like you made the smartest decision it has payments and is the same price as a 6.2 v8 Camaro so yes you also got ripped but luckily you CAN AFFORD IT so good for you
@@Jasoncummings-uu5sl they’re not selling the 6.2 V8 Camaro anymore. I would’ve bought one, but they’re not available. And I won’t buy a used one because I’m sure 99% of them have the shit beat out of them. And I did make a smart financial decision because I am buying something like a Toyota Camry specifically the V6, which is naturally aspirated and they don’t make it anymore. I’m going to have something that’s going to hold its value for quite a while. Also it will be more reliable than any of the cars the guy in the video has it will be more reliable than the 6.2 you mentioned. I used a 2021 RAV4 hybrid as a trade-in for that V6 Camry. I got the all the money back that I paid for the RAV4. I basically drove it for free. I got the Camry for 3.99% at 48 months when I purchased it in April 2023. My payment is $215 a month. You seem bitter and jaded. Maybe you got screwed on your car deals. Don’t spread your negativity on me.
Yea bro paying 800 a month for a Camry is criminal plus insurance bro your paying 1k month not including gas. I would just trade it in get an older Lexus with less miles for 30k and under🤣🤣🤣
@@sammyjammy6647you’re leaving a lot out, you clearly put a lot of money down… and tbh while yes a Toyota will depreciate far less and even after 5-6 years of driving it you’ll prolly get 20k back buying a new car in general is a bad decision. you could easily pick up a used Camry for 20-25k… scoop a clean Camry coming off a 3 year 36 mile lease for 26k or so
@@15SilverSurfer15 $215 a month payment plus $192 a month for 50k/100k policy. $100 deductible on comprehensive. $500 deductible on collision. So the math is $407 a month, not including gas. Keep surfing 🏄♀️, Mr. silver. 🥹
Turo is just a "race to the bottom“ game. It's literally cheaper to get a long-term rental from Turo than leasing the same vehicle considering you're not responsible for the maintenance and insurance and also you get a higher mileage allowance with Turo.
And that's why so many people get in trouble on Turo. Too many people don't understand the actual cost of ownership when it comes to cars, so in order to compete everyone's pricing them too cheap and don't realize they're losing money. If a large rental company that has the advantage of economies of scale determines they need to charge 60 bucks a day on a particular vehicle to make a profit, there's no way Joe Sixpack is going to make anything charging $35 a day. This problem gets even worse with expensive/exotic cars that have much higher operating costs, but the owner thinks he's getting ahead because he is charging a 1/4 of the monthly payment when it goes out-not realizing that renting it is accelerating his already high depreciation, wear and tear, and maintenance costs.
I love watching theses videos and shorts cuase it shows me that u don’t need a nice car because who cares and cars are depreciating asset. If u got money then do what u want
He probably has excellent credit if he is current with his payments. That's how he got those cars to begin with. He might be underwater, but not behind. Yet.
@@andyleo8418Maybe credit score is still good. But no cash available to pay down the negative equity on cars he’s trying to offload? Sounds like a house of cards that’s about to collapse.
Credit score is a combination of how reliably you make the payments and how much they make from you in interest. If he's current, they're making a BUNCH of interest of of him.
@@nitroneonicman cars have maintenance and taxes too. Not every home has an HOA. Cars are depreciating assets, houses are appreciating assets. You also get federal tax breaks for providing housing to people
The scary thing here is that Carfax will tell you when a car was owned by Hertz or another rental car company - but it will never know if a car was on Turo. So many potential ticking time bombs from cars that were raw dogged for a daily rental fee...
i love your channel b/c it makes me feel good about myself and my financial decisions. I can always tell myself, at least I aint those dumb asses that call Yusuf.
I always thought my minor financial mess was bad until I started seeing videos such as this and the ones Dave Ramsey does. What I've learned is that people are out of their flipping minds when it comes to getting themselves into massive debt. What is even the point in financing expensive vehicles when there's the used car market where you can just save up and buy something used that will be paid off and will actually be yours and not the bank's. All of this debt people go into to create an outward image for people who don't give a rat's about them. I drive around everyday not batting an eye at those driving around me or putting an ounce of care into who is driving what car. And you know you do the exact same thing! So, remember this when you are wanting to buy something to "impress" others. Don't put yourself in mountains of debt or expenses just because you want to impress or want to look and feel good, because at the end of the day, you'll be feeling crushed beneath the weight of a massive financial boulder laying on top of you. I drive around in a paid off vehicle with title in hand. No payments whatsoever. You should too, especially in this crap economy!
Why do people think being upside down on a car won't affect their next purchase??? That dealer or any dealer will not, not " hook " you up and offer you a deal where the negative equity goes poof and it's gone 🙄???? Getting rid of negative equity requires cash which no one he talks to ever has haaaaaa!?!?
I listen to these so I can feel better about having my base model roll down windows, no power locks, put the key in the door to unlock basic bitch completely paid off. Zero car payment. Whew these car payments are insane.
Just when you get comfortable with the phrase 'The dumbing of America' people like this come along and one-up you to 'The ultimate stupidity of America'. Hats off to this 'captain of industry'
You never go full Reta rd or you will get folded like dis dude. 2/3 of your cars should be paid off and the cash you get from your other cars should all go to paying off the other car. You snowball it.
was I reading that right? 31+18+28+24 in negative equity? So 101K in negative equity? I just dont understand how there isnt some huge repo crisis right now, with so many recent cars being so negative. Also, I have seen a few videos, I have never heard someone say they had more than $5-10K in cash to cover the negative equity.
How many of your customers are buying high end cars, renting them out of Turo when they're new and low mileage, spending the difference between their monthly payment and their rental income while it's good, then calling you in a panic when the cars are a few years old and can no longer attract the rental income in order to cover the monthly payment?
Real Estate guy here. Cut the crap bro. No way you took profits from turo, and invested it into Real Estate with your credit score and negative equity in those vehicle. JUST ADMIT YOU FUMBLED THE BAG AND YOUR BROKE. Everyone trying to save face on the internet.
He should've had gap on all of them and do what the big boys do, hire someone to crash into them or steal them all. Are you shocked I would say such a thing? How when you even get charged a hefty new car tax on top of all the other BS??? Everyone is getting robbed right now just out here trying to live. High groceries, high interest, high rent, high gas, high electric....everyone wins except the little guy
And schemes like this are sticking it to the "little guy" with the skyrocketing insurance rates as of late. Nobody forced these people to way overpay for cars just because they had to have one during the pandemic.
@@channell11 there was a car shortage during the pandemic. I sold two cars back to the dealer for more than what I paid for them initially and went out and got a great deal on a 2020 truck that now costs 30k more than what I paid. Insurance companies like USAA screwed themselves by insuring a bunch of nonmilitary folks. Also, people simply don’t know how to drive. It’s a money grab now. I remember having to take my drivers test over because I was steering one handed. Now they’ll just give a license to anyone
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
This channel represents the dumbest financial decisions every customer made
But it’s soo good because it shows you exactly why you should avoid tryna” fake it till you make it”
That's financial Audit Some dumb ppl there
Yeah but he gets to tell the ladies at the club he has a fleet of cars
@@BCNeil hahahahahahaha so true tho lmao
Right. How do you not get gap insurance on cars you are renting out. Good lord..
As soon as I hear “ hustle , grind, etc” you know it’s going to be stupid.
hustle used to mean a pimp or a prostitute, i cant believe dum people use it as a harvard business term!!
And "passion"
@@Letsberealish he's a "passion grinder"!!
@@lunam7249underrated
Turo sold all these people an unrealistic dream
Exactly. 👍
No, people who manage their fleet better actually can make out really well. They buy Corollas, Camrys, Sentras and Altimas. Not the insane cars he bought😂
If he bought just regular cars, he would do better. The cars he has need a lot of maintenance to keep them running. Should have got a Corolla, Camry etc. Saying that, Truro is something I wouldn't do.
Exactly. Imagine trying to sell a car with just ONE previous owner through a dealer. That alone is risk than just being the sole owner. This dude is selling cars where multiple recorded owners have used the assets. Just my two sense. First mistake was even telling him about their use on Turo perhaps?! But good job being humble and offering the website at the end because not everyone’s going to devalue them like that either.
@@andyleo8418 I agree 100% maybe it’s the ignorance of some people but you cannot be successful on Turo with 2 to 3 cars if you want it as a full time gig. Theres some many that are barely breaking even with their fleets. Turo only works if you have a lot of extra money to spend and your fleet is 10+ economy cars and maybe 1 luxury one in a big city like Miami, Atlanta etc.
How to make money with turo:
Rent out your old paid off car that you put 100k miles on
Yup. Friend of mine rents out 3 BMW’s he paid 15k for and does well. Can’t make money with enormous overhead. People are only willing to pay but so much for a rental car.
6-7k cash cars is the only way i see anyone can make any real money.
This channel doubled the subs in like two weeks. People like hearing about others people's financial mistakes 😂
People love drama. They love invasion of privacy. Social media created this
Makes me sleep better at night as I thought I was in a s$it hole lol
Make me feel like I’m doing alright in life. I’m doing alright but at least I’m not these people who somehow made the worst financial decisions
Dude has more negative equity than it cost me to get a PhD in chemistry.
Uh don't you get paid a small stipend to get a PhD?
@SBRS47 yup but there is like 2k in fees and stuff a year depending on your course load. And depending on the program some the stipend is only 50%.
🤣🤣🤣🤣🤣🤣
Congrats on the Chemistry PhD tho!
All the profit this guy thought he was making was actually just depreciation.
How to go broke 2025 😂
Till 2050
Just insane
That's his problem nobody told him to buy four cars 😂😂😂😂😂
Wouldn't call financing buying.
Turo really gave people hope that simply buying a luxury car and renting is a good business model 😂
😂😂😂😂😂😂😂
The repo man is going to be pulling up on this gentleman shortly
😭😭
Four cars at $1750 each seems like a bad idea.
Because it is a bad idea unless you can afford it.
@@doom4067 And people who CAN afford it are in most cases not so stupid to pay 7000$ on depreciating junk but invest it wisely.
The real question is why do you want to have 4 cars you just cant afford.
He thought he was gonna make bank by renting them out. Doh
Never buy brand new cars for turo. Big rentals like enterprise buy in bulk fleet discounts and have their own dealer network to resell the used ones right before they fall apart.
And those big rental companies just resumed selling lower mileage inventory which is depressing used car prices even more.
Even worse that the 100k negative equity, I'm guessing someone from Turo totaled his i8.
Thats why its insured. His dumbass didnt buy the gap coverage
Shortly before COVID I bought a Hyundai Kona that stickered for a little over $24k. After negotiating and incentives I got it out the door for a little over 19k. A couple years later I got a note in the mail from the dealership offering to buy it back sight unseen for more than I actually paid for it. 😂
COVID saw a huge rise in car prices due to shortage of chips and higher demand from free money so most likely they had a buyer that wanted a car just like yours and were willing to pay more for it so they figured they'd offer you a good deal so that they can sell it again for more than what they paid for lol
Another reminder that these "get rich quick" schemes (like Turo) never work.
Cars have NEVER been an asset that appreciates
Lmfao he has that much negative equity and thinks he can get out of it without a down payment? How stupid are these people.
The best is thinking he'll buy an electric car and the incentives will just take care of it.
Very stupid. Very very stupid indeed.
I ain't Du Nuffin, I want to sell my Hoopties, then I'll buy a Mercedes Benz $150,000 dollars.
When people are desperate they'll gloss over reality.
he's taking a course to be an airbnb kingpin now
When he said that all of his other money is tied up in real estate that probably means that he just moved into a new apartment and used his last $1,200 for the security deposit.
Cool! That absolutely was not a set-up to push his website. 😉
Why do people who obviously arent wealthy try to appear that they are? To strangers who dont even care about them.
The financial equivalent of clicks on social media.
He rents them on turo
It's usually to compensate for some insecurities they're battling in the closet
why do people who write these type of YT comments never actually understand what is going on?
He's not doing this to look cool, he rents them on Turo; he's running a business.
A very stupid business, sure, but he's still a businessman.
I make good money, do you have a down payment? No 😂
Bro nothing tied up in real estate stop lying
LOL!
Hahahahaha my thoughts exactly when I heard that weak explanation! 😂😂😂
🤣🤣
He could be buying junk and paying for all remodels and updates on the property 🤔 flipping it with a lot more value than he paid+updates. Still that risk to reward isn’t keeping him stable with 4 cars, he would have to flip a house every 2 months for that to work.
@jordanbutler4894 he said it himself i should have been buying real estate super cringe
Dude got 4 luxury vehicles worth 200,000 and pay 7k a month with no money for down payment. 🤦🏽
Tough lessons man
This is wild
Listening to these videos as as I'm changing out the CV Axles on my 08 Civic.
Damn, people really living to flex out here.
Anyone who wants to start a business go to community college and take intro to Accounting, Business management, personal finance most places it’ll cost about 1k for all the classes and books and you’ll know wtf you’re doing. I see so many people in business and they’re not making any money just because they know now how accounting and taxes work. The average 1099 person out there would make more money at Walmart or Amazon.
Those extended warranties ain’t paying anything since he does turo anyways lolololololol
Savage
I’m sure he would leave that part out if he were to submit a claim
Thank goodness I have a 2017 camry
This channel has given me a good insight into peoples financial decisions. Thanks for the content, and i hope you prosper and continue to grow Yusuf. God Bless!
I had no idea Turo existed before this video. Jesus, lol. Airbnb for depreciating assets.
We went to Alaska 2 years ago. The car rental companies all got rid of their fleets during Covid. Renting a car could be like 150 a day. We used this place. It was weird dealing with individuals but it did work and cost us so much less.
i thought i was bad rolling over 2.2k negative equity from a kia to a toyota
😂😂 got to love seeing the "hustle/grind" people getting the shaft
Absolutely brutal. People are crazy.
Out of curiosity I wanted to check the trade-in value for my 2023 XSE Camry V6. It’s about 34k wholesale. It has over 13,000 miles on it. Sticker when I purchased was 38k. It’s worth more than every individual car that guy has. Let that sink in.
38k is still overpriced and you won’t sell it and in 2 years your not getting that same offer so don’t act like you made the smartest decision it has payments and is the same price as a 6.2 v8 Camaro so yes you also got ripped but luckily you CAN AFFORD IT so good for you
@@Jasoncummings-uu5sl they’re not selling the 6.2 V8 Camaro anymore. I would’ve bought one, but they’re not available. And I won’t buy a used one because I’m sure 99% of them have the shit beat out of them. And I did make a smart financial decision because I am buying something like a Toyota Camry specifically the V6, which is naturally aspirated and they don’t make it anymore. I’m going to have something that’s going to hold its value for quite a while. Also it will be more reliable than any of the cars the guy in the video has it will be more reliable than the 6.2 you mentioned. I used a 2021 RAV4 hybrid as a trade-in for that V6 Camry. I got the all the money back that I paid for the RAV4. I basically drove it for free. I got the Camry for 3.99% at 48 months when I purchased it in April 2023. My payment is $215 a month. You seem bitter and jaded. Maybe you got screwed on your car deals. Don’t spread your negativity on me.
Yea bro paying 800 a month for a Camry is criminal plus insurance bro your paying 1k month not including gas. I would just trade it in get an older Lexus with less miles for 30k and under🤣🤣🤣
@@sammyjammy6647you’re leaving a lot out, you clearly put a lot of money down… and tbh while yes a Toyota will depreciate far less and even after 5-6 years of driving it you’ll prolly get 20k back buying a new car in general is a bad decision.
you could easily pick up a used Camry for 20-25k… scoop a clean Camry coming off a 3 year 36 mile lease for 26k or so
@@15SilverSurfer15 $215 a month payment plus $192 a month for 50k/100k policy. $100 deductible on comprehensive. $500 deductible on collision. So the math is $407 a month, not including gas. Keep surfing 🏄♀️, Mr. silver. 🥹
Scammer sacamming the scammed😂
Turo is just a "race to the bottom“ game. It's literally cheaper to get a long-term rental from Turo than leasing the same vehicle considering you're not responsible for the maintenance and insurance and also you get a higher mileage allowance with Turo.
And that's why so many people get in trouble on Turo. Too many people don't understand the actual cost of ownership when it comes to cars, so in order to compete everyone's pricing them too cheap and don't realize they're losing money. If a large rental company that has the advantage of economies of scale determines they need to charge 60 bucks a day on a particular vehicle to make a profit, there's no way Joe Sixpack is going to make anything charging $35 a day. This problem gets even worse with expensive/exotic cars that have much higher operating costs, but the owner thinks he's getting ahead because he is charging a 1/4 of the monthly payment when it goes out-not realizing that renting it is accelerating his already high depreciation, wear and tear, and maintenance costs.
This is completely true. I've literally driven across the country and back in a turo rental with unlimited miles for next to nothing
@@channell11"Joe Sixpack"! I'm dead!😂😂😂😂😂😂
I feel like with these videos, it's the same place we were in as a society with housing in 2008....
So what he saying is he’s broke and he has no money
He put money into real estate tho if he could keep that going he could bounce back if not he might have a problem bigger than just the cars
I can't believe people are really paying these high ass car notes
I love watching theses videos and shorts cuase it shows me that u don’t need a nice car because who cares and cars are depreciating asset. If u got money then do what u want
The American nightmare, lol.
These cars just ruined any chance in real estate he had
Can't help but wonder what this guys credit looks like at 100K upside down..^..^
He probably has excellent credit if he is current with his payments. That's how he got those cars to begin with. He might be underwater, but not behind. Yet.
Credit scoring is a scam. It fooled this guy into thinking he could handle all the debt it allowed him.
@@andyleo8418Maybe credit score is still good. But no cash available to pay down the negative equity on cars he’s trying to offload? Sounds like a house of cards that’s about to collapse.
Pretty good as long as he pays it. Dude is a slave now 😂
Credit score is a combination of how reliably you make the payments and how much they make from you in interest. If he's current, they're making a BUNCH of interest of of him.
Been watching since ur food reviews and wanna say congratulations on your website 🙌🏽🎉
If real estate was so important he would pay this off and keep his credit good
I'd be surprised if he makes $6,000 a month.
Right, and he can have this paid off in about 10 years at this rate. He could just go bankrupt and wait the seven years would be faster lol.
Both estate and the 4 vehicles would of messed up his credit. Doesn't matter if it's estate or the cars he have
brutalllll!! turo sells a dream, victims pay the reality☠️☠️😳😳☠️😳
when flexing goes wrong 😂😂😂
Thought he was going to talk to Kali Muscle 😂
This man could have gotten into 4 single family home rental properties or jumped into a multi family apartment… instead he bought depreciating assets
The maintenance, property taxes, and hoa dues alone cost more than each of his cars
@@nitroneonicman cars have maintenance and taxes too. Not every home has an HOA. Cars are depreciating assets, houses are appreciating assets. You also get federal tax breaks for providing housing to people
@@dlproductions9574 tell anyone living in Detroit that homes are appreciating assets
This guy bought 4 Covid cars
With them ppe scam checks🤣🤣🤣
The scary thing here is that Carfax will tell you when a car was owned by Hertz or another rental car company - but it will never know if a car was on Turo. So many potential ticking time bombs from cars that were raw dogged for a daily rental fee...
i love your channel b/c it makes me feel good about myself and my financial decisions. I can always tell myself, at least I aint those dumb asses that call Yusuf.
Always buy GAP…. That is the ONE THING that you should buy as an add on
I am really amazed at the lack of financial acumen out there. This stuff should be mandatory in the education system.
4 cars and no house… wow
Extended warranty, cherry on the cake.
This dude rules
I never realized how much ppl actually pay these crazy prices for cars like is they doin the APR or using no common sense
Me no car at all. I ride a bicycle. So blessed
I always thought my minor financial mess was bad until I started seeing videos such as this and the ones Dave Ramsey does. What I've learned is that people are out of their flipping minds when it comes to getting themselves into massive debt. What is even the point in financing expensive vehicles when there's the used car market where you can just save up and buy something used that will be paid off and will actually be yours and not the bank's.
All of this debt people go into to create an outward image for people who don't give a rat's about them. I drive around everyday not batting an eye at those driving around me or putting an ounce of care into who is driving what car. And you know you do the exact same thing! So, remember this when you are wanting to buy something to "impress" others. Don't put yourself in mountains of debt or expenses just because you want to impress or want to look and feel good, because at the end of the day, you'll be feeling crushed beneath the weight of a massive financial boulder laying on top of you. I drive around in a paid off vehicle with title in hand. No payments whatsoever. You should too, especially in this crap economy!
This dude got a good business. 24k he sells it for 50k after lmao
Was making money on Turo and blew all the profits. No money to make up for equity
My mortgage is like 2.5 K this man is playing double that for vehicles he won’t have when the decade is out🤣
Have you ever taken any notice to the demographics of these people who are way overloaded on car loans?
Scottish?
Who? The Mongols or the Hells Angels?
Blacks
Color of the night sky
Where do you see his skin color racist?
Why don’t these guys sell privately? Wouldn’t they make more money?
How in the world do you get that much negative equity. Is the 200k the sum of all remaining payments or the remaining principal on the loans?
He better off keeping the BMW... thats crazy
Looks like those tik tok get rich quick strats really paid off.
For the bank.
Why do people think being upside down on a car won't affect their next purchase??? That dealer or any dealer will not, not " hook " you up and offer you a deal where the negative equity goes poof and it's gone 🙄???? Getting rid of negative equity requires cash which no one he talks to ever has haaaaaa!?!?
And I’m sure his insurance didn’t know he was renting out those cars.
I listen to these so I can feel better about having my base model roll down windows, no power locks, put the key in the door to unlock basic bitch completely paid off. Zero car payment. Whew these car payments are insane.
Lord, what the actual fuck, he may be making good money but he’s great at spending it.
If you want a fleet, don't buy 'commodity cars' get special editions/rare sports cars etc.
What is he trying to buy
I love Turo. Taught my son how to drive standard on a Honda type R. Sucks for the car owner LOL
😂😂😂😂😂😂😂
People still aren't getting gap insurance???
Just when you get comfortable with the phrase 'The dumbing of America' people like this come along and one-up you to 'The ultimate stupidity of America'. Hats off to this 'captain of industry'
If Turo was profitable, Turo would be buying the cars
As soon as i saw the beard i was like yea, hes def gonna lowball
$100k upside down in car loans 😵
Sounds like you don’t need to buy them, just wait till they get repo’d and pick them up at Auction 😂
I considered buying a car for the purpose of putting it on Turo, but doing my research decided not too Glad I backed away from that one.
Don’t use high leverage on depreciating assets especially where markets can turn quickly
Yusuf sends another person off the nearest rooftop just by talking reality. 😭
You never go full Reta rd or you will get folded like dis dude. 2/3 of your cars should be paid off and the cash you get from your other cars should all go to paying off the other car. You snowball it.
$7000 a month and no home ownership. All of it doesn’t make sense
was I reading that right? 31+18+28+24 in negative equity? So 101K in negative equity? I just dont understand how there isnt some huge repo crisis right now, with so many recent cars being so negative.
Also, I have seen a few videos, I have never heard someone say they had more than $5-10K in cash to cover the negative equity.
All so he can put entrepreneur/CEO in his bio😂😂
Always get gap insurance NO MATTER WHAT
He bought cars he likes and now is upside down lol
These "customers" deserve all the stupid prizes. How people can be this financially stupid it's gross.
The weed price dropped and now got to sell the whips
How many of your customers are buying high end cars, renting them out of Turo when they're new and low mileage, spending the difference between their monthly payment and their rental income while it's good, then calling you in a panic when the cars are a few years old and can no longer attract the rental income in order to cover the monthly payment?
Real Estate guy here. Cut the crap bro. No way you took profits from turo, and invested it into Real Estate with your credit score and negative equity in those vehicle. JUST ADMIT YOU FUMBLED THE BAG AND YOUR BROKE. Everyone trying to save face on the internet.
Will The Lasso be able to accept motorcycles in the future?
That’s the plan!
Have you ever made a deal everybody you offer you have cash and they said now I don't have cash has any of your deals ever went through
Just jingle mail it and let the bank worry about it.
These people are ALWAYS BROKE with all these expensive cars
He should've had gap on all of them and do what the big boys do, hire someone to crash into them or steal them all. Are you shocked I would say such a thing? How when you even get charged a hefty new car tax on top of all the other BS??? Everyone is getting robbed right now just out here trying to live. High groceries, high interest, high rent, high gas, high electric....everyone wins except the little guy
Nobody was complaining about all that when Trump was president
And schemes like this are sticking it to the "little guy" with the skyrocketing insurance rates as of late. Nobody forced these people to way overpay for cars just because they had to have one during the pandemic.
I know a guy that paid a homeless guy to crash his car for $20 😂 , hes done 3 car frauds everytime the cars start to give out
@@channell11 there was a car shortage during the pandemic. I sold two cars back to the dealer for more than what I paid for them initially and went out and got a great deal on a 2020 truck that now costs 30k more than what I paid. Insurance companies like USAA screwed themselves by insuring a bunch of nonmilitary folks. Also, people simply don’t know how to drive. It’s a money grab now. I remember having to take my drivers test over because I was steering one handed. Now they’ll just give a license to anyone
WOW! This isnt staged.