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?