Ford Maverick For Turo? Comparing the XL vs XLT & EcoBoost vs Hybrid For Turo Car Rental Business
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- Опубликовано: 12 сен 2024
- In this video we want to go over why we just ordered 2 Hybrid XL Ford Mavericks for Turo.
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Sharing my car sharing journey for those that want to join but don’t know where to start or how it works.
Great videos! I live in the DFW as well! Love your videos, very informative :)
Thanks for making this video, I agree with your assessment, looking to add a Maverick to my fleet.
I'm glad you agree! I hope you can get one at a good deal!
Jho is still the star, but nice to see you James in the mix. Nice work! I like this one😜
Haha. Thanks! I forgot to tell you I gave you a shout out here. I’ll try to be in 1 out of 10 videos 😅
-James
Does the bed get damaged/banged up a lot from people needing it for that purpose? How do you deal with that since it could affect the value of the truck?
Our thought process is to have a spray in bedliner installed to reduce scratches. But the Turo protection plan will cover you for scratches over 3 inches long as long as you have good pre-trip photos.
@@CarSharingJho Thanks for that tip. Im in Socal thinking of putting up my Maverick on Turo. Has it been going well since the 2 months youve had it?
Congrats!
I would love to see videos on financing these cars? Do you use your own credit? LLC? Etc. I see you have a lot of cash cars mostly so this is new.
This is going to be our first financed car! We do have an LLC but will most likely need to finance with a PG as we don’t have much business credit built up yet.
@Car Sharing Jho Nearly All commercial loans will want a PG with the exception of Ally, & some of the manufacturer Banks (Chrysler Capital, Ford Credit, GM Financial, ect.) Ally is easy to get approved but should Not be used due to their extreme stance against Turo commercial loans. One of the only banks that often will be able to find your vehicle & request your loan be paid immediately.
Fellow Turo host. You registering vehicles using a mailbox rental address?
We have the business registered as an LLC to my grandpa’s address 😅
@@CarSharingJho Thanks. Took in-perfection and learning as I go. Onboarding car number 3. Curious on how Turo host register vehicles and why. Under a business or personal. Thanks for your time and information.
Our Turo business is under an LLC, but it wasn't for the first 6 months and I wish we had done it from the start. An LLC can maybe protect you in the rare case Turo denies a claim and the guest comes after you or something. Also, you can eventually start getting auto loans under your business name. Would've been great if we started with a separate business bank account too, to manage finances better. Only con I can think of is that you have to get commercial insurance for your vehicles which is a bit more expensive than personal insurance.
The vehicles are titled under the LLC.
@@CarSharingJho thank you for sharing your experience and passing that knowledge down.