November earnings came in at $500 amid a ‘winter slowdown’. This was from 5 different reservations.
View Turo as an opportunity to reduce the cost of vehicle ownership, not as a profitable side business. Be mindful of depreciation and deferred costs.
I made $1600 in profit from car sharing on Turo in October. It was an exceptionally low maintenance month since one rental was 16 days long! Check out my profit and loss statement and see how I did.
I’m reporting $1,695 in earnings for September on 1.5 vehicles. Revenue hit a record high of $3,005. Unfortunately, expenses also came in higher than last month at $1,310.
September was a slight down month but strong fundamentals are showing. Those include high utilization, higher average revenue per day and relatively low mileage utilization. The 5-star reviews continue to roll in. My operations and ‘vehicle turnover’ process is working out well.