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Pay down car or Turo

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1prettyorchid
Contributor

Pay down car or Turo

Stuck between reducing car loan or buying used car to make income on Turo. IR is 9.54%. Strongly believe i can reduce it in 6 months. Also want to purchase a small compact sedan in early 2022 to use for Turo. Any thoughts?

4/29/21 After BK
EX 578 EQ 573 TU 477

8/15/21 EX 640 EQ 637 TU 614

Capital One QS1 $4000

Navy Federal secured $300

Discover $1800
Message 1 of 4
3 REPLIES 3
IntegerIntrovert
Frequent Contributor

Re: Pay down car or Turo

Turo is the absolute worst.  Rented my car one time, they smoked weed in it and ran it off road.  I had to sell it. NO help from Turo, you will get people renting it that can't buy a car, think about that.



EQ - 809 / TU - 817 / EX - 817

Message 2 of 4
1prettyorchid
Contributor

Re: Pay down car or Turo


@IntegerIntrovert wrote:

Turo is the absolute worst.  Rented my car one time, they smoked weed in it and ran it off road.  I had to sell it. NO help from Turo, you will get people renting it that can't buy a car, think about that.


Oh wow. Sorry to hear that. 

4/29/21 After BK
EX 578 EQ 573 TU 477

8/15/21 EX 640 EQ 637 TU 614

Capital One QS1 $4000

Navy Federal secured $300

Discover $1800
Message 3 of 4
REDBOYYY56
New Contributor

Re: Pay down car or Turo

I took a close at turo for additional income, After scrutinizing it carefully I decided that it's not as good as advertised. So I'm out !!!

Message 4 of 4
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