MKC8

I was approached by a "neighbor" (whom we've never met, they just live around the corner from us) about renting our motorhome last year.
Since it cost more than my C8, the first thing I did was check with the insurer, and no, I cannot rent it. It would not be covered if anything happened.
We didn't want to rent it to friends, let alone strangers, anyway, so this gave us extra reasons to politely say, "no, sorry".

DrewK769

When you rent your vehicle through Turo, Turo provides insurance coverage. That’s part of their charge, and also part of the whole value proposition of using them. You essentially could not do this on your own with personal insurance. There is no such product.

Now, my guess is that you get regular ACV as a valuation, which may not be enough to get a replacement vehicle. There is inherent risk in almost everything.

I think if you do it the right way, with the right mix of cars, and you manage your fleet well. You could probably do pretty well with Turo. This is especially true with skyrocketing personal insurance costs driving renters to only rent vehicles when they need them.

JCtx

Some Turo renters don't do it as a 'business', but because they bought a car they cannot afford. I'd be curious if Turo paid that guy, and how much. But it's scary to rely on them to insure such an expensive vehicle; no way I'd do that... nor buy a car I can't afford to pay. But to each his own, of course. Seeing new Corvettes on crappy apartment buildings is nothing new to me.

ericok

Police won't investigate a Turo theft. Their justification is that it wasn't stolen, you gave the thief your car. Similar thing happened to a guy that was renting out expensive camera equipment. It was never returned. He knew the location and who took it but cops wouldn't investigate for the same reason.

gliot1

This is absolutely true. This happened to my uncle who owned a car dealership. He had a guy come in years ago to test drive an RX7. The guy left the lot, picked up a buddy and joy rode it all day until he totaled the car. My uncle prosecuted for car theft. When the got to court, the first thing the judge asked was "did you give this man the keys?". When he answered yes, the case was thrown out. The judge stated the car was not stolen, if you voluntarily turn over the keys to a person. He had no recourse on any level, including making the guyvpay for damages.

gliot1

This is absolutely true. This happened to my uncle who owned a car dealership. He had a guy come in years ago to test drive an RX7. The guy left the lot, picked up a buddy and joy rode it all day until he totaled the car. My uncle prosecuted for car theft. When the got to court, the first thing the judge asked was "did you give this man the keys?". When he answered yes, the case was thrown out. The judge stated the car was not stolen, if you voluntarily turn over the keys to a person. He had no recourse on any level, including making the guy pay for damages.

Red Mist Rulz

Not suggesting you should, but if you rent out a motorhome through a service, that service provides insurance, just like Turo does for its owner's cars.

Michael A

I was talking to a Hertz manager, and he said periodically they rent cars to people who never bring them back. Sometimes they find the car and "repossess" it with their spare keys. The car is usually trashed by then though.

evanescent03

Wild. If not theft, is it a breach of contract? So weird that dealerships aren’t protected better lol. maybe have a contract saying that if you keep it, you’ll owe $XX.XX/day until it’s returned.

I know a guy who rents his cars through Turo. He has a C7 SR that the CF roof was stolen from
but Turo replaced it for him. He seems to be happy with the performance of his venture but as mentioned above … you gotta disconnect any emotional attachment at all and consider it a business piece, not a personal car you care about. I don’t like using valet, even with our Yukon, so I don’t think Turo is for me lol!

roadbike56

After reading through this thread, I'm thinking about the unfortunate person who buys one of these Turo cars after the owner parts with it. Buying a ex-rental is not a bad idea unless it's a high performance sports car. Problem is, I don't think the fact that it was a rental shows up on CarFax.

One Vettey Boi

I don’t think it’s so much of a “you gave them the keys” vs cops just don’t follow up on auto theft. At least here in NJ they don’t because most car theft is gang related and so it’s not worth it to the cops - they just let insurance handle it. Our neighbor lost all their cars one morning when their daughter went for a jog at 6am and didn’t lock the door behind her (we lived in a very suburban, upscale neighborhood at the time and no one really ever locked doors. I would just walk into my friends house and help myself to a soda and then walk up to his room to play Xbox for hours type of deal). Anyways, a few moments later 3 guys walked into the house, grabbed the keys off the key rack, one guy pissed in the bushes and then they stole their cars. Porsche 911, BMW SUV (idk the model), and a jeep grand wagoneer. The daughter saw all the cars leaving (as she hadnt even made it out of the neighborhood yet), one guy flipped her off and they drove off. She immediately called home/police and the cars were not even 4mi away (all being tracked real time by our family friend who owned them) and cops legit just said it’s an insurance issue. Its mostly gangs from Newark area and it’s not worth them getting into a chase or shootout over. And the cars weren’t even on the parkway yet. Roll th clock forward to that evening and they were already on a ship in Newark Port to go overseas to be sold.

MKC8

Third party insured or not, we have no plans to rent it. Or the Wrangler, or the C8. Or the house.
Too many AirBNB and VRBO horror stories about how their property was used and abused by renters.
I just don't think the risk is worth the reward, whatever that might be,