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Be careful renting financed or leased cars on TURO *Repo*



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topics gone triple plat - Number 1 spot 3X PLAT

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topics gone triple plat - Number 1 spot 3X PLAT section rides
  
 4 months ago '13        #1
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RoadStarr  topics gone triple plat - Number 1 spot x1
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Props total: 771 771  Slaps total: 17 17
Be careful renting financed or leased cars on TURO *Repo*
 

 
For those of you renting your vehicles on TURO be very careful. I have owned a rental company for over 10 years now in LA with 30+ cars, many people don't understand how bad Hertz, Enterprise, Avis want TURO gone. It first started with them getting TURO banned from all Major Airports, when that didn't work they have gone the route of getting a third party service to basically snitch to your finance company that you are renting your vehicle. They do this by hiring a service to go on TURO and specifically screen shot license plate pictures and match them to finance companies.

The best thing you can do at this point it NEVER show your real license plate on your photos, they are making it their mission to do a sweep all 2022 on vehicles "illegally" being rented on TURO. For anyone who doesn't know any personal vehicle that is leased or financed is a breach of contract renting a personal vehicle out for profit or commercial use. This is the loop hole allowing these companies to legally come repo your car for being on TURO.

This is a pretty low approach the financial institutions and dealerships are talking but on the flip side in 2021 their was a record number of wrecked vehicles who's loans were defaulted on and linked back to being rented on TURO.

I didn't know how true this was until it just happen to a friend of mine, he had 4 Charger Scat Packs repo'd by Ally Financial that he had listed on TURO. They just showed up and took the cars. Imagine having not 1 but 4 repos hit your PERSONAL credit.

The biggest banks doing this right now are Ally Financial, GM, Ford and Mercedes.

Take the necessary steps while you can they are cracking down on personal vehicles being rented for profit.


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+86   



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132 comments
 

 4 months ago '17        #2
Its 
Props total: 37558 37 K  Slaps total: 2858 2 K
sh*t, ain't nobody say this sh*t was gonna be easy lol
Keep sh*t low is the moral of the story
+53   

 4 months ago '16        #3
EasyRobinson  topics gone triple plat - Number 1 spot x2
Props total: 1618 1 K  Slaps total: 66 66
I got shiested by Turo , a pebble hit the windshield on my rental and despite having the Turo coverage I was charged over 600 to fix the windscreen due to their *fine print* . Read the mf fineprint .
+71   

 4 months ago '17        #4
Sonysony  topics gone triple plat - Number 1 spot x1
Props total: 7867 7 K  Slaps total: 946 946
 RoadStarr said
For those of you renting your vehicles on TURO be very careful. I have owned a rental company for over 10 years now in LA with 30+ cars, many people don't understand how bad Hertz, Enterprise, Avis want TURO gone. It first started with them getting TURO banned from all Major Airports, when that didn't work they have gone the route of getting a third party service to basically snitch to your finance company that you are renting your vehicle. They do this by hiring a service to go on TURO and specifically screen shot license plate pictures and match them to finance companies.

The best thing you can do at this point it NEVER show your real license plate on your photos, they are making it their mission to do a sweep all 2022 on vehicles "illegally" being rented on TURO. For anyone who doesn't know any personal vehicle that is leased or financed is a breach of contract renting a personal vehicle out for profit or commercial use. This is the loop hole allowing these companies to legally come repo your car for being on TURO.

This is a pretty low approach the financial institutions and dealerships are talking but on the flip side in 2021 their was a record number of wrecked vehicles who's loans were defaulted on and linked back to being rented on TURO.

I didn't know how true this was until it just happen to a friend of mine, he had 4 Charger Scat Packs repo'd by Ally Financial that he had listed on TURO. They just showed up and took the cars. Imagine having not 1 but 4 repos hit your PERSONAL credit.

The biggest banks doing this right now are Ally Financial, GM, Ford and Mercedes.

Take the necessary steps while you can they are cracking down on personal vehicles being rented for profit.







Can you message me , I’m in la all the time and use rentals , you got a website or something or how do you rent ?
-13   

 4 months ago '14        #5
Donnie 
Props total: 1401 1 K  Slaps total: 195 195
fu*k all dem
+11   

 4 months ago '04        #6
The_Most_H8ed 
Props total: 2942 2 K  Slaps total: 135 135
Seems like more of an insurance issue no?

I mean if you get in an accident as say an Uber driver, door dash, etc...your insurance company CAN deny your claim if you failed to disclose that the vehicle will be used for work purposes...making the risk of you defaulting on your loan/vehicle more likely
+19   

 4 months ago '19        #7
sensational 
Props total: 5346 5 K  Slaps total: 350 350
Me and my girl’s brother are going to the dealership tomorrow to look at some chargers to put on Turo. Thread couldn’t have come at a better time.


Edit- So, buddy at the dealership said it was Ight. We explicitly asked him and other dudes in there as well. They said it was okay. We were gonna get it through the ein but it hasn’t been established for at least two years. He even recommended we not get it for commercial use anyway because we wouldn’t get the warranties. All in all, he said we’d be fine. I told that n*gga, I need it all in writing lol
n*ggas we’re trying to hit us cross the head for the wide body joint


Last edited by sensational; 01-21-2022 at 04:07 PM..
+49   

 4 months ago '14        #8
breezeus313 
Props total: 14425 14 K  Slaps total: 865 865
I don't like renting from Turo anyway but its in your leasing contract so you can't get mad
+18   

 4 months ago '16        #9
castroThirteen 
Props total: 21780 21 K  Slaps total: 3256 3 K


Last edited by castroThirteen; 01-20-2022 at 05:02 PM..
+2   

 4 months ago '19        #10
zzxxccvvbb 
Props total: 36283 36 K  Slaps total: 4530 4 K
Anyone know if this applies to Canada and if any banks are doing it here?

Been thinking about putting my car on there while I'm not really able to drive.
+3   

 4 months ago '04        #11
kniccalodeon 
Props total: 12394 12 K  Slaps total: 583 583
 EasyRobinson said
I got shiested by Turo , a pebble hit the windshield on my rental and despite having the Turo coverage I was charged over 600 to fix the windscreen due to their *fine print* . Read the mf fineprint .
Nah Turo Aint sh*t. They hit me with a 300 charge months later because the person didn’t forward the money I paid for the tolls. The bills they presented to Turo even have the marks of 3rd/4th notice on them and Turo was like oh well. fu*k them forever
+24   

 4 months ago '18        #12
chevyimpala05  topics gone triple plat - Number 1 spot x1
Props total: 348 348  Slaps total: 78 78
I was planning on renting out a bunch of my vehicles on Turo, ones i own of course. Im sick because i have a turo course which advises getting leases on Teslas and Lexuses
+5   

 4 months ago '20        #13
LordGimmeASign 
Props total: 51482 51 K  Slaps total: 3533 3 K
Damn lol, I remember I was tryna rent a Countryman from them downtown when I was briefly staying with my ex (not SnR) in late 2020.

Goooooood thing none of that worked out.

God always has his plans.
+4   

 4 months ago '20        #14
LordGimmeASign 
Props total: 51482 51 K  Slaps total: 3533 3 K
Yo be careful with these rental companies and apps.

There are some real hot wheels that they happen to get through to be listed too.

Don't get caught lackin'.
+10   

 4 months ago '16        #15
AngelTaster 
Props total: 7949 7 K  Slaps total: 523 523
This can be avoided if you tell the dealer the cars are going to be used for rental business and buy via LLC. And READ THE WHOLE FINANCING AGREEMENT. There is a lot of sh*t they put in there that you can cross out or not agree to and they will have to let you rock or miss the sale. More times than not they gona let you rock
+25   

 4 months ago '19        #16
305Trav  topics gone triple plat - Number 1 spot x1
Props total: 7669 7 K  Slaps total: 2483 2 K
Thats wild, between the finance company and insurance, sounds like a hassle.
+2   

 4 months ago '14        #17
Nardy Global 
Props total: 2054 2 K  Slaps total: 154 154
Yeah Turo been known to scam people. That's what happens when these companies pop up with no oversite. I was about to rent from them until I read their reviews and was like nah.


Last edited by Nardy Global; 02-13-2022 at 08:58 PM..
+11   

 4 months ago '18        #18
Obeybrad 
Props total: 698 698  Slaps total: 212 212
Starting renting for Turo w my Audi was successful took a break about to start listing again made 5k in two months one car
+17   

 4 months ago '13        #19
Commission  topics gone triple plat - Number 1 spot x1
Props total: 112028 112 K  Slaps total: 18681 18 K
Turo has crazy hidden fees

Sixth car rental >>>>>>>>>>>>
+6   

 4 months ago '04        #20
7twelve  topics gone triple plat - Number 1 spot x1
Props total: 48479 48 K  Slaps total: 10035 10 K
 RoadStarr said
For those of you renting your vehicles on TURO be very careful. I have owned a rental company for over 10 years now in LA with 30+ cars, many people don't understand how bad Hertz, Enterprise, Avis want TURO gone. It first started with them getting TURO banned from all Major Airports, when that didn't work they have gone the route of getting a third party service to basically snitch to your finance company that you are renting your vehicle. They do this by hiring a service to go on TURO and specifically screen shot license plate pictures and match them to finance companies.

The best thing you can do at this point it NEVER show your real license plate on your photos, they are making it their mission to do a sweep all 2022 on vehicles "illegally" being rented on TURO. For anyone who doesn't know any personal vehicle that is leased or financed is a breach of contract renting a personal vehicle out for profit or commercial use. This is the loop hole allowing these companies to legally come repo your car for being on TURO.

This is a pretty low approach the financial institutions and dealerships are talking but on the flip side in 2021 their was a record number of wrecked vehicles who's loans were defaulted on and linked back to being rented on TURO.

I didn't know how true this was until it just happen to a friend of mine, he had 4 Charger Scat Packs repo'd by Ally Financial that he had listed on TURO. They just showed up and took the cars. Imagine having not 1 but 4 repos hit your PERSONAL credit.

The biggest banks doing this right now are Ally Financial, GM, Ford and Mercedes.

Take the necessary steps while you can they are cracking down on personal vehicles being rented for profit.







so you got an independent rental car company? im curious how you make money bro, i can understand the big boys cuz of volume and maybe bulk purchase discounts. like how many miles before u off a car? ur cars all purchased new? im sure insurance a bih
+2   

 4 months ago '04        #21
7twelve  topics gone triple plat - Number 1 spot x1
Props total: 48479 48 K  Slaps total: 10035 10 K
 AngelTaster said
This can be avoided if you tell the dealer the cars are going to be used for rental business and buy via LLC. And READ THE WHOLE FINANCING AGREEMENT. There is a lot of sh*t they put in there that you can cross out or not agree to and they will have to let you rock or miss the sale. More times than not they gona let you rock
ya i learned hard way. went in with pre-approval and told them i dont want em running my credit. i dont care about possible lower rates or nothing. they said sure. next day i get a damn alert they ran in to 5 diff companies. i called up to to speak to finance manager and this bih says now my guy gets bad rep for trying to save you some money. the audacity of this bih

i know how credit works and i specifically told em i dont want it ran to other companies. he said he wouldn't.
+15   

 4 months ago '04        #22
Sineztro 
Props total: 2912 2 K  Slaps total: 393 393
Rates are mad overpriced on there anyway. I stick with hertz and my standard to mid size rentals
+14   

 4 months ago '12        #23
Binds 
Props total: 14033 14 K  Slaps total: 997 997
the homie got done dirty recently got his clean Lexus totaled and got caught up
+12   

 4 months ago '16        #24
Frankie Needles  topics gone triple plat - Number 1 spot x9
Props total: 27439 27 K  Slaps total: 7792 7 K
 Commission said
Turo has crazy hidden fees

Sixth car rental >>>>>>>>>>>>
Turo good in the super clutch only because you can do it with a debit card, a lot of places won't let you use a debit card OR you have to be out of town to use one...
Turo rages are high as fu*k though
+9   

 4 months ago '05        #25
Obsecure 
Props total: 612 612  Slaps total: 75 75
I’ve been using Turo for 5 years never had an issue except for a guy canceling on me last minute cause he didn’t actually have the car.
+7   



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