Bridger Pennington breaks down the Turo car-rental business: each car costs about $1,200 a month to operate and brings in $3,000 to $4,000 monthly. To scale, he's raising $200,000 to buy 30 to 75 cars and hire help, which would improve margins and reduce per-vehicle costs.
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This is how my buddy went from 1 to 100 Turo cars in his fleet. Now, the whole Turo game is all about margin. How much is your car payment, tires, all that kind of maintenance with how much money you're going to make a month? For example, I have some friends that pay about $1,200 a month to maintain their car with payment and everything else and will cash flow anywhere from $3,000 to $4,000 per vehicle. Now, to take this to the next level, what people have done is gone and set up a They'll go raise $200,000. This will get them down payments on anywhere from 30 to 75 cars depending on how fancy the cars are. They then capitalize on this margin. They can now hire an assistant, have economies of scale, and actually make their margin even larger because they have a fund behind them. Tag someone below that's doing Turo right now.