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RE: LeoThread 2025-03-17 13:19

in LeoFinance3 days ago

Part 5/6:

As the rental fleet’s operations unfolded, the results provided a comprehensive overview of the financial landscape. The combined profit from both vehicles after 22 days totaled $535.78, but depreciation remains a looming concern.

The Nissan Sentra, over five months, accrued minor damages from renters, which include a cracked hubcap and stains—issues that cannot be charged back due to Turo's deductibles. Despite this, the vehicle’s technical profit stands at $1,841, offset by the tax and warranty expenses impacting its net value.

Future Implications for the Turo Empire