Author Topic: Renting out an older pickup on Turo?  (Read 352 times)

caleb

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Renting out an older pickup on Turo?
« on: May 09, 2021, 09:10:14 AM »
Ready the face punches: I'm thinking about buying a pickup.

No, not that kind of pickup.  I'm looking at a 15-25 year old half ton for $3-5k.

I use a truck occasionally (not a daily driver), and I've usually rented when necessary.  With the rental car shortage now, Enterprise's commercial division is the only good option near me, and they're up to about $135/day after fees, and that's a no towing deal with mileage restrictions.

I'm thinking I could buy an older truck and rent it out with Turo to defray the costs of ownership and maintenance.  Looking on Turo locally, it looks like people are asking $60-80/day for older pickups, often with three day minimums.  If I could net even $500/mo renting it, owning a truck seems like a not-awful option.

However, I've never used Turo in any capacity, and I'm guessing there are hidden costs and nightmares. 

Can anyone fill me in on the details of why buying an old truck to rent out is a bad idea?

APowers

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Re: Renting out an older pickup on Turo?
« Reply #1 on: May 09, 2021, 09:28:21 AM »
I can't speak to whether or not it's a bad idea per se, but I do know that when I tried to use Turo with an SUV that I bought as a flip--- there ARE age and mileage requirements. Mine was over 200k miles, which was not allowed, and as an '03 model year, was only just barely new enough. These requirements were not brightly obvious before trying to sign up with a particular vehicle, so before you jump in with your wallet, make sure you actually figure out what the vehicle eligibility parameters are.

Morning Glory

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Re: Renting out an older pickup on Turo?
« Reply #2 on: May 09, 2021, 10:44:57 AM »
It looks like Turo has a section for classic and vintage cars. I found a couple of other sites with a similar service. I didn't look at the details for year, condition, etc. but it's worth a try.

Paper Chaser

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Re: Renting out an older pickup on Turo?
« Reply #3 on: May 09, 2021, 10:57:32 AM »
If rental places are hard to find near you, have you checked local hardware stores? I've seen both Lowe's and Home Depots that offer rental puck ups for pretty low fees.

And if you do end up purchasing and renting to others, obviously you'd need to plan for increased maintenance costs. 15-25 year old trucks will need some parts replacements, and the people renting cheap pickups for a day or two at a time won't be gentle on them.

caleb

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Re: Renting out an older pickup on Turo?
« Reply #4 on: May 10, 2021, 09:20:47 AM »
Thanks for the feedback, folks.  I'll dig a little deeper, but if the requirements translate into needing the vehicle to cost much more than about $5k, I'm not interested.  It's one thing to hand off a beater to a stranger, but I'd feel differently about a somewhat nice car.