When I first heard about Turo, I thought, “Nobody could possibly be dumb enough to rent their car out to a stranger. Don’t these idiots know what people do with rental cars?”
I regularly rent cars for trips when I don’t want to put the miles on my own car, or when I’m on the far end of an aircraft flight. Considering the surprisingly low costs of renting cars, it frequently turns out cheaper to rent than to use my own car.
I also have little regard for the car, either. Hey, it’s a rental!
Haven’t you always wanted to smoke the tires off a car? Here’s your chance. Going to LA? This guy will rent you his Mercedes Benz SL Roadster for a mere $114/day. This car has a base price well north of $80,000, and he’s willing to let some unknown from the internet take it for a few days for chump change? I love the renter’s benign, cheery feedback on the rental. You’d almost think they actually treated it with something other than total disdain.
How about this nitwit? $300/day lets you at his Ferrari California. Remember that scene in Ferris Bueller’s Day Off? Yeah, that happens every time.
So, if you decide to rent out your beloved BMW because you can’t afford the payments, you’ll find out that you’ve made a huge mistake. Every person, and I mean every, single person who rents it from you, is going to beat the living crap out of it. They’re going to redline that thing more times in 2 days then you would in 10 years of ownership.
Turo states that you’re covered when you rent your car. Sure, you’re covered when the damage is visible, but a 48 hour beating session may not be even remotely visible. There’s a reason why former rentals are not exactly in the recommended used car purchase list. When the odometer reads 30,000, the engine has the equivalent of 150,000 miles on it. Only a buffoon buys a former rental.
Whether or not Turo actually survives as a business remains to be seen, but while it’s still a going concern, I highly recommend getting out there and having a little fun with some sucker’s pride and joy.