Part 6/7:
Looking ahead, I find the model intriguing, albeit complex. With Turo, there’s a potential for not just immediate income, but also for building equity over time—much like real estate. My car payments, associated with renting it out, contribute toward eventual ownership, theoretically leading to a "free" Tesla in the future.
Moreover, by the end of 2025, I’ll benefit from a significant tax credit of $4,000 due to the vehicle's electric vehicle status. This could cushion the finances and genuinely make this Turo venture worthwhile.