My car sharing side hustle in October earned me $1,616 after expenses.

This was slightly higher than my profit goal of $150. Review my September’s earnings blog post here.

October Earnings Summary

Overall, it was a ‘hands-off’ month. There wasn’t much turnover, cleaning or moving cars since I had one long trip accounting for 16 days.

I received this specific reservation soon after listing my Mustang when my daily price was low. I didn’t have many reviews at the time. It was bittersweet to have my Mustang on the road for such a bargain. But at least it was generating revenue…

My X5 had one rental for 3 days which earned me $231.

October 2019 Profit and Loss – Car Sharing

My expenditures were low. 

I set up a new Fastrak toll account to stay better organized between Turo and personal trips.

Requesting reimbursement for tolls is currently a manual and tedious process. If anyone knows of a way to automate this please let me know. I haven’t figured out how to make this work with StreetSmarts.

I’m happy to report that I didn’t experience any claims or issues.

Goals For Next Month

From a maintenance perspective, I plan to personally change the cabin and engine air filters. Wish me luck. It’s not an expensive job ($20 for a cabin air filter).

I’m aiming to have my Mustang on the road 50% of the time in November. I expect my convertible to experience a slowdown in reservations during the winter months. However, I made a point in my Turo listing to mention that San Francisco’s average temperature is between 64 and 51 degrees Fahrenheit. 

NorCal Area and Highs/Lows (Fahrenheit):
Marin = 64° / 47
Big Sur = 66° / 46°

Why not rent a convertible!

On the flip side, I predict rentals for my BMX X5 to pickup. 4-wheel drive and SUV’s are in demand for ski season, Tahoe trips, etc. 

Revenue Guidance for November:

Mustang: $750 
BMW X5: $500
Total Revenue: $1250

Are you ready to start car sharing?

Reduce the cost of car ownership with Turo.

Smash that car payment!

Connect with me. I’m happy to share recommendations, tips and advice tailored to your specific situation. 

To a great November!

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