Setting up my second rental car FOR $2500 OR LESS! (Uber Carshare)

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Setting up my second rental car FOR $2500 OR LESS! (Uber Carshare)

Рет қаралды 4,036

Күн бұрын

With my Barina off to a strong start on the Uber Carshare platform (previously Car Next Door), I've taken the plunge on a second. This time I've gone for a bigger and (slightly) more expensive car in the hope it'll need fewer repairs before being ready to rent. Only one way to find out...
Income Updates (NET PROFIT):
FEB 2023: $183 (4 bookings)
MAR 2023: -$224 (8 bookings, followed by approx. $500 spent on repairs)
APR 2023: -$52.18 (1 booking)
MAY 2023: $73.28 (1 booking)
Update: In June 2023 I had to remove the car from the platform due to electrical issues inconveniencing borrowers

Пікірлер: 26

@OEMStez Жыл бұрын

Leave a comment if you want to see a video on how I set up and manage the cars 🔧

@samsoncee6552 Жыл бұрын

Great vid 👍 Any plans for a vid breaking down some earnings? What you've found works well (car location, rental pricing, etc)? Lessons learned/what to avoid for a newb? I'm looking to get a fleet started also. Thanks mate keep up the good work ✌️

@OEMStez Жыл бұрын

Definitely on the cards if this video does well

Жыл бұрын

Mate, love your work. Not only you are resourceful but you are documenting it for us to enjoy. Keep it up! Hopefully you get enough income from the first two cars to get a third one and then a fourth and so o. keep on building your passive income streams, they will compound. And please do publish that next video on the earnings side of things. Look forward to it!

@OEMStez Жыл бұрын

Thanks mate, there’s been a few requests for that update video so I’ll do one once I have a bit more data on this second car

@juliasterrett9050 Жыл бұрын

How do u just do this with your brain?? like all the rewiring stuff and mechanical stuff?? very cool. also loved the gran turismo music, brought back incredible nostalgia. valid cicada hatred and biscoff cake mukbang . most satisfying parts were the headlight cleaning part and the spraynwipe of that feral cupholder.

@OEMStez Жыл бұрын

This is a comprehensive review I appreciate greatly

@twphang95 Жыл бұрын

Nice work, it's super satisfying to watch car restorations, even if it's not a massive makeover like you said.

@jacobsaunders3577 Жыл бұрын

Hey mate, I am definitely interested in the setup and management of these. I am also in Australia and would like to do something similar, although I am not as mechanically savvy. Please do make a video showing how to manage Uber car share fleets. I have subscribed.

@lestraIen Жыл бұрын

Leaving a comment because I want to see a video on how you set up and manage the cars 🔧😎

@orion_033 Жыл бұрын

this is a great business model! can ou make a video about how much you rent them for and how much uber takes etc?? great vid man i subbed

@OEMStez Жыл бұрын

If this vid is popular enough I’ll do a setup video for sure

@mitchs9179 Жыл бұрын

Hey man loved the video :D Also cool to see that hiring nuggets out is profitable and i want to do this as well. A few questions, how long until a car is profitable ( has paid it self off)? Also how are you. hiring out a car that is older than 20 year? i though they had a cap at 20 years old? Keep up the good work man :)

@OEMStez Жыл бұрын

Hey mate, if I do a follow up vid I’ll answer in more detail but I’ll give the basics: 1. Depends on what it cost you, I don’t have any stats for the vectra yet but the Barina is looking like it will have paid for itself by around July-August at current rate, including paying for ongoing running costs (8 months total) 2. Oldest cars allowed on the platform are 2001 so the vectra just scraped in. Yet to see if it being that old affects how many people want to rent it

@mitchs9179 Жыл бұрын

@@OEMStez thanks for the info man :) would be cool to see that video

@MyWellnessMusic 8 ай бұрын

Hey @stez - love the video man, want to get into carshare- wondered if you’d have any contact details for a chat? Great work!

@HarryVasey Жыл бұрын

That's great content stez

@matt_alan_be 11 ай бұрын

good job mate!

@idaalt5071 Жыл бұрын

How are you insuring your cars? Have you heard of anything going wrong with renters damaging the car etc? Thanks for some great videos

@OEMStez Жыл бұрын

Haven't had any issues with damage other than a couple scratched wheels and things like that, but that's inenivtable anyway. I've had some reliability issues with the cars (mainly the Vectra) but borrowers have been flexible and thankfully nothing major or safety related, they know the cars are cheap and old. Insurance wise, Uber Carshare has a partnership with Mobility Mutal which puts on comprehensive insurance automatically with each booking so that's covered. If you want you can add your own policies as well. As far as I know there's no need to specify that you rent the car out if setting your own additional policy, as whenever it's being rented it's covered by Mobility Mutual. Adding your own policy is just for when it's parked unnattended or for when you want to drive it yourself. Hope that helps

@nathanmatthews3649 11 ай бұрын

Update on these?

@abdulhannan1558 Жыл бұрын

Hi mate, what did you use for headlights cleaning? Blue magic headlight sealer and?

@OEMStez Жыл бұрын

I always use PlastX headlight polishing compound, clean with alcohol and then Blue Magic. I find it works best if you spread the sealant around with something non absorbent like a rubber glove, and then come back the next day and wipe off the excess