Why I Don't Finance My Turo Cars finance a car

by adminHanoiHalongTour



Let’s talk about the current car market Learn How I Turned Car Sharing Into a Six-Figure Semi-Passive Revenue Stream – Course Available HERE: : PRE-ORDER My New YouTube Course HERE: Learn How To Make Money from the Freelancing – Course Available HERE: __________________________________________________________ Affiliate Links Below (I Make Money From These Links): Get 2 Free Stocks on WeBull When You Deposit $100 (Valued up to $1400): Tired of Spending Money Fixing Your Car? Check out FIXD Here: Do You Participate in the Gig Economy? Get 1 FREE Month of Kover Here: Check Out the Gear I Use to Make My Videos, Build My Van & Manage My Turo Fleet: Sign up for Getaround: __________________________________________________________ 00:00 – Intro What’s up you guys! In today’s video, let’s break down why I don’t finance my cars and why I insist on paying cash for all of my Turo vehicles. Let’s go! 01:22 – Why I Don’t Finance Now, whenever it comes to why I don’t finance my Turo cars there are a few key reasons. Number one, my cars are not easily financeable. Because I buy mostly cash cars, it isn’t super easy to get a loan for these cars. Banks want newer more expensive cars when going through the financing process and the cars I buy simply are not it. Additionally, I have always been uncomfortable with the idea of ​​financing a lot of cars for the sake of Turo, because I feel as though it is taking on a bit too much risk for my comfort. 06:24 – Exceptions to the Rule & What You Should Keep in Mind Now, I do think there are some exceptions to this rule. If you are a new Turo host and you can’t afford to buy a cash car, then financing can be a great way to break into the Turo game. Additionally, if you are someone who is wanting to get a more expensive car, financing can be a great option as well. But, if you choose the financing route make sure you can afford that car with or without Turo, make sure you buy below market value, and make sure to not take on too much debt. 11:50 – Closing I hope you guys enjoyed this video, make sure to hit the like, subscribe, and the notification bell and I will see you guys in the next video. __________________________________________________________ FOLLOW ME ON INSTAGRAM: SUBSCRIBE TO MY SECOND CHANNEL: SUBSCRIBE TO HP’s CHANNEL: __________________________________________________________ Disclaimer: I am not a CPA, attorney, lender, or financial advisor. The content in these videos should not be construed as tax, legal, or financial advice…etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Aubrey may have an ownership interest in them – Please do not make buying or selling decisions based on Aubrey’s videos. If you need advice, please contact a qualified professional. #SideHustle #Turo #CashCars .

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10 comments

Jeremy Charles 05/03/2022 - 5:35 Chiều

I’m about to get my 3rd cash car up and going on Turo it’s the only way to go!

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Samantha Valencia 05/03/2022 - 5:35 Chiều

With 17 vehicles why not start your rental car license and dealers license and do your own rental business apart from turo?

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KS 05/03/2022 - 5:35 Chiều

Hi Aubrey,

A quick question. Do you use your personal auto insurance or do you have commercial auto insurance . I find that commercial auto insurance is 5x more than personal. Do you have any recommendations on how to go about insuring these vehicles for an LLC?

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Cesar Carrion 05/03/2022 - 5:35 Chiều

If your fiancé is name HP, is your dog named Dell? (Kidding)

Financing cars:

Consider a business line of credit for a fleet of vehicles. (Owner will signing as a PG)

It’s easier to get approved the line of credit than one or two vehicles at a time.

Reply
Areo Omotayo 05/03/2022 - 5:35 Chiều

It requires money to make money. this is the best secret I have ever discovered we don’t make money, we EARN and MULTIPLY money.

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Rosario Moreno 05/03/2022 - 5:35 Chiều

Hello!! How can I find out if San Antonio, Tx is a good market for Turo? any suggestions would be greatly appreciated!!

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Kay Love 05/03/2022 - 5:35 Chiều

Nailed it!

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RxScience 05/03/2022 - 5:35 Chiều

Good stuff as always

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Aubrien King 05/03/2022 - 5:35 Chiều

This is true! I’ve got my Turo monthly cashflow to the point where I can add cars cash.

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Aubrey Janik 05/03/2022 - 5:35 Chiều

Use Code CASH to get $25 off The Car Sharing Masterclass! Link is in the description above!

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