Why Exotic Car Rentals Fail

  Рет қаралды 17,857

Lucky Lopez

Lucky Lopez

Ай бұрын

Why Exotic are not the best way to start a rental car company
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Пікірлер: 98
@globalcommerce7654
@globalcommerce7654 Ай бұрын
I'm a car dealer for around 20 years here in the Houston area, I can vouch for everything he said here.. Also his assessments are pretty much always on point! He really is giving you guys the truth on the industry..
@davek6854
@davek6854 Ай бұрын
I am a native of Central Florida and my rental advice is always rent a black limousine. Black limo's are always cleaner. White limousines are used for weddings and parties and often teenage girls get drunk in them and barf on the floor. Black limousines are always business rentals and funerals and are naturally cleaner.
@KeishaJones-fk2pz
@KeishaJones-fk2pz Ай бұрын
Also people rent a car and steal the parts/motor/tires off the rental and put their crappy parts back on
@LuckyLopez777
@LuckyLopez777 Ай бұрын
Yeah my buddy got a motor swapped out in a vette
@arthurtreibs4174
@arthurtreibs4174 Ай бұрын
@@LuckyLopez777 hard to believe, bro
@whitejodeci8926
@whitejodeci8926 Ай бұрын
​@LuckyLopez777 let me guess, they threw in an iron block one
@realgtasacramentodashcam7292
@realgtasacramentodashcam7292 Ай бұрын
I read an article where someone actually did that to one of the Hertz Mustangs back in the '60s.
@mrjuren1
@mrjuren1 Ай бұрын
That's a worry with ANY rental car, heard about people doing that with a carolla. If you rent out any car you should have some mitigation in place for that (engine part pics, labels, and tamper tape or others)
@iceman9678
@iceman9678 Ай бұрын
Classic example of it takes 10 to make you and 1 to break you.
@arthurtreibs4174
@arthurtreibs4174 Ай бұрын
What you know, Lucky, cannot be learnt from a business school. It's called acumen and wisdom. Shame so few folks will listen. Thanks bro!!!
@LuckyLopez777
@LuckyLopez777 Ай бұрын
thanks for the great comment
@PremierAutoMan86
@PremierAutoMan86 Ай бұрын
Ferretti was just talking about Aston Martin 😅 they don't do well for him.
@LuckyLopez777
@LuckyLopez777 Ай бұрын
Definitely not a popular car
@lucysmith4242
@lucysmith4242 Ай бұрын
Man I never intended, wanted, or even considered making an exotic rental. Still fun to watch your videos
@frozencarguy6274
@frozencarguy6274 Ай бұрын
I tried to flip a 2019 Honda Civic but I paid too much. I put the car on Turo for six months and I was able to get out of the car with a profit but the hassles that come with renting to strangers was not worth it.
@zdrux
@zdrux Ай бұрын
I can't wrap my head around the fact people are willing to give up their their $200k financed car to some random people to beat for a weekend?! Like wtf?
@jackpalczynski7884
@jackpalczynski7884 Ай бұрын
Commercial insurance isn't just expensive on rentals. My son, using my car wanted to do uber eats driving. I checked with my insurance company and they said it must be insured commercial which cost, in my case 3 times what I was paying. What happens if you don't and get in an accident? They'll pay nothing because you were using it as a commercial use car.
@LuckyLopez777
@LuckyLopez777 Ай бұрын
its crazy $$$$$
@tyreebrown561
@tyreebrown561 Ай бұрын
Not only will they pay nothing, they will deny the claim (so if your son were at fault, you'd have zero liability protection). Also would be considered material misrepresentation which is illegal/ insurance fraud. They will drop you after they deny the claim. It's terrible. Uber/Lyft needs to provide their own insurance for their drivers OR provide a monthly credit to account for the increased insurance cost to be in compliance with the policy.
@deforestbland3015
@deforestbland3015 Ай бұрын
How would the insurance company know you were Uber eats
@tyreebrown561
@tyreebrown561 Ай бұрын
@@deforestbland3015 if you are involved in an accident and any other party becomes aware that you are an Uber eats/door dash etc driver, if they mention it when they give their statement to any of the insurance companies, they will report it to your insurance. You would have a hard time hiding that you are Uber eats unless you moved the food/logos without them seeing it. Regardless, when your insurance company calls to get a recorded statement, you can lie but if they find out when they get statements from other involved parties, you're screwed. I'm not trying to scare ya but I am 100% sure that this is how it plays out and it is very common.
@matthewsmith2362
@matthewsmith2362 Ай бұрын
@@deforestbland3015they have computer programs now where they can see that your getting paid out by gig apps. Lucky actually talked about on this channel because of turo. Car insurance companies can see if you’ve been paid out by car rental apps then drop you. That tech went next level. Big shocker
@SirCarlosMusicBMI
@SirCarlosMusicBMI Ай бұрын
🎉🎉🎉 Hi 👋🏼 Lucky It always impresses me when I hear professionals like you talk about things you know and know well! Thank you Sir and have a great weekend. Blessings,Carlos ✝️🙏❤️😊🇺🇸
@dmimcg
@dmimcg Ай бұрын
I run a very successful exotic rental car business. I have a fleet of Fiat 500s in Epic Blue. I'm booked solid for the next 6 months. Winning!
@bmwlane8834
@bmwlane8834 Ай бұрын
Interesting insight.Always enjoy hearing your opinion.
@Bruxy23
@Bruxy23 Ай бұрын
Stellar video today Lucky!
@john.johnb_online1438
@john.johnb_online1438 Ай бұрын
Love Lucky !
@willdavids7075
@willdavids7075 Ай бұрын
Finally closed dat mouf on the thumbnail 😂
@LuckyLopez777
@LuckyLopez777 Ай бұрын
got some new poses coming soon lol
@willdavids7075
@willdavids7075 Ай бұрын
@@LuckyLopez777 😂
@effortlesschoice
@effortlesschoice Ай бұрын
Lucky - the most important part of a KZfaq channel is the main character/s - you’re a great “character.” I mean that in the most complimentary way. I mention the above because it occurred to me…you should expand your channel. You don’t need perfect filming or editing, you just need interesting ideas for content (car related). Anyway - just a thought. Back to my bourbon 👍😎
@senseart2896
@senseart2896 Ай бұрын
Good video thank you!!! I think luxury rental is good business on Turo if done right and of course depending on your location but luxury doesn’t mean 300k car you can have luxury at 50k … BTW Turo insurance is 200k Again thank you for your video
@BR-gz3cv
@BR-gz3cv 28 күн бұрын
Great video. Would love to see Luckys take on Turo rentals. Lots of vids claiming ppl making $$ on buying and renting small fleets on Turo. Very tempting for younger folks who love cars and have an entrepreneurial mindset. Luckys breakdown of this biz model would be interesting.
@BO-mb8rr
@BO-mb8rr Ай бұрын
"Lucky is not the exotic car hero we deserved but the exotic car hero we needed."
@LuckyLopez777
@LuckyLopez777 Ай бұрын
Yessssss 😁👍
@vinniecorleone62
@vinniecorleone62 Ай бұрын
Why in the living Hell would anyone want to get into a exotic car business. Their Denial meter must be pegged.
@genericsomething
@genericsomething Ай бұрын
They want to own an exotic, but have other people pay for it.
@Duohzy
@Duohzy Күн бұрын
@@genericsomethingthat can be said with any business, they want to have a good life but have other people pay for it…
@TDRE88
@TDRE88 Ай бұрын
Pad slap makes sense on a rental especially if it still operates fine
@garystarkey6255
@garystarkey6255 Ай бұрын
I don't know if they still do this but these guys would park a Ferrari or Lambo right on the strip in Vegas with a cheap sign for like $800 a day or something. The cars looked ok from about 20 feet away but the closer you got the more beat to crap it looked lol. The dudes were always super sketchy too haha
@brandonneiltaylor
@brandonneiltaylor 25 күн бұрын
Turo now covers $200,000, but the rental game is not really profitable anymore unless you are renting out economy cars on Turo - it’s a grind. If you want to start a business and haven’t purchased any cars yet, consider RE before this.
@AustinF516
@AustinF516 Ай бұрын
Long island NY, MVP car club is awesome! They have cars like c43 amg bronco and m2 all the way up to Lamborghini and rolls
@LuckyLopez777
@LuckyLopez777 Ай бұрын
thanks for Sharing
@Boulevard_Yachtsman
@Boulevard_Yachtsman Ай бұрын
Insurance has really become the turd in the punchbowl lately. I've got three modest rental properties and the basic-structure policy on those went crazy this year. Can't imagine trying to get a policy on a ridiculously expensive car that random people fully intend to flog the ever-lovin' hell out of.
@LuckyLopez777
@LuckyLopez777 Ай бұрын
$$$$$
@FrunkensteinVonZipperneck
@FrunkensteinVonZipperneck Ай бұрын
In Vancouver, exotic rentals are doin’ dandy - renting only to movie companies. No risk. BIG bucks. Return business…
@romanshevy257
@romanshevy257 Ай бұрын
A guy just brought up a Gallardo and an r8 to Anchorage Alaska. Only 5 months or so of driving season for Those.
@leos3003
@leos3003 Ай бұрын
I don't know what the video is about, but according to the TN lucky found the fountain of youth and I want some.
@jacobamaral
@jacobamaral 28 күн бұрын
Can you do a review on MurciLuxury, they are always boasting about Exotic Car Rentals
@NinaNam
@NinaNam Ай бұрын
LUCKYYYYY!!!!!!!
@martinlazar9420
@martinlazar9420 Ай бұрын
I would say New York would not work because your season is May - September. You have to be in a big city with lots of money from tourists south of the frost belt
@PassportBrosBusinessClass
@PassportBrosBusinessClass Ай бұрын
The payments, insurance and maintenance of these vehicles is crushing in and of itself. I can't imagine having to pay money to service them after letting people rent them. I rented a Mercedes Maybach from a Exotic Rental company years ago. There were lots of broken parts and squeaking surfaces from wear. I think they put off servicing the car with Mercedes to simply sell it off. Renting a Lamborghini, Ferrari or McLaren - all the costs just skyrocket.
@kevinbarry71
@kevinbarry71 Ай бұрын
Three reasons people go to Las Vegas: drinking, gambling, and whoring. I will never understand why anybody would choose to gamble
@LuckyLopez777
@LuckyLopez777 Ай бұрын
dont forget the food lol
@rm5902
@rm5902 Ай бұрын
A 10😂
@jwattie144
@jwattie144 Ай бұрын
@@LuckyLopez777 the best part of vegas is the pre-sliced crab legs!
@michaelbuteau4183
@michaelbuteau4183 Ай бұрын
Shooting an automatic weapon which is a blast....There is a difference between gambling and using money to have fun. As long as you stick to a specific amount and have fun With it, when you run out, you run out. Go find something fun to do other than gambling like shooting an automatic weapon which is a blast.Or if you win, walk away.
@kevinbarry71
@kevinbarry71 Ай бұрын
@@michaelbuteau4183 i'm sorry you don't understand the definition of gambling. And you might find it more fun to fire an automatic weapon. If you shoot one then you just have to get it repaired
@markthees5650
@markthees5650 Ай бұрын
After all that damage in Miami to the car, did you still rent it?
@pedlpower
@pedlpower Ай бұрын
When someone says "profitable small business", the last thing I think is exotic car rental! 😆
@edcochran714
@edcochran714 Ай бұрын
I live in Orlando, I would not know if that would be a good place for exotic rentals
@LuckyLopez777
@LuckyLopez777 Ай бұрын
Vans are the big money in orlando
@hulksmash2816
@hulksmash2816 Ай бұрын
I find it interesting that people pay you for consultations but decide not to listen to you.
@DB-be9wy
@DB-be9wy Ай бұрын
Bro why are you using stills from when you were young and fit?
@SuperPseudonymous
@SuperPseudonymous Ай бұрын
From what I've seen on KZfaq, nothing pulls views like Lamborghinis
@elevatormechanic7120
@elevatormechanic7120 Ай бұрын
How’s the 6 x build coming along?
@LuckyLopez777
@LuckyLopez777 Ай бұрын
New Video coming soon. had a hard time finding a painter
@Jay7682
@Jay7682 Ай бұрын
A 144 month car loan term... Jeez! 😅😂
@mrk2ovtec
@mrk2ovtec Ай бұрын
Tell that to rob spaghetti lol. He’s been successful for years
@LuckyLopez777
@LuckyLopez777 Ай бұрын
I know Rob that why I mentioned him 4 times in this video lol He will be the first one to tell people it’s a nightmare
@CaRWyN1125
@CaRWyN1125 Ай бұрын
❤❤❤
@40below1000
@40below1000 Ай бұрын
Exotic rentals are surprsingly good off-roaders. A Lambo can go 80 percent of the places a lifted pickup can go, and getting it back is the rental company's problem, not yours.
@richieduck67
@richieduck67 Ай бұрын
Royalty seemd to be going ok
@kantamaslewis7574
@kantamaslewis7574 Ай бұрын
Unlike major tourist destinations or business hubs, Oklahoma City doesn’t have a high volume of tourists or high-profile business travelers who typically rent exotic cars. However Oklahoma City has been experiencing economic growth and development in recent years, it remains a challenging endeavor given the initial market conditions. As someone who live here for over 20 years and not planning to move away. I would love to see the change in my life time.
@tedknudstrup6101
@tedknudstrup6101 Ай бұрын
Of course they fail!!! Anything that isn’t sustainable won’t be sustainable. Loaning higher end vehicles out to people who can’t afford to purchase them can’t work, how can it??
@ashishpatel350
@ashishpatel350 Ай бұрын
to run it right with proper insurance and maintenance is expensive. plus you are competing against every moron on toro. then you have all those shady guys that freeze the odometer and roll it back
@bentonx9063
@bentonx9063 Ай бұрын
even if you could afford to run an exotic car rental car company, why on earth would you want to? do you like to lose money, be upside down on loans and pay a million dollars to an insurance company?
@iSpeedrunDoors
@iSpeedrunDoors 5 күн бұрын
Despite these many disadvantages and obstacles in this business, I am extremely determined to create a successful exotic car rental. I appreciate the insight and wisdom.
@Tracker709
@Tracker709 Ай бұрын
Talk about paying for a bs job. To answer your question, no I had no idea people paid to Have stupid businesses like this.Cigarette burns in a Aventor??? Yuk! Living the dream. Not really. Remember that football rookie that crashed 2 exotic rentals in Texas & just walked away while being videotaped? People were injured and several cars were damaged.
@john.johnb_online1438
@john.johnb_online1438 Ай бұрын
14:36 “personal loan” Woah Maybe he should’ve studied more about the game of money
@qtcrowe
@qtcrowe Ай бұрын
If it a business you have to charge premiums for certain races of people. It’s a sad reality.
@petrol818
@petrol818 Ай бұрын
AI
@Mathguy363
@Mathguy363 Ай бұрын
First!
@LuckyLopez777
@LuckyLopez777 Ай бұрын
Yessssss
@digitalwitness77
@digitalwitness77 25 күн бұрын
Believe on the Lord Jesus Christ and thou shalt be Saved. Acts 16:31kjv For by Grace are ye Saved through Faith; And that Not of Yourselves: It Is the Gift of God; Not of Works, Lest any man should boast. Ephesians 2:8-9kjv And this is the WILL of him that sent me, That Everyone which seeth the Son, and Believeth on him, May have Everlasting Life: And I will raise him up at the last day. John 6:40kjv For God so Loved the World, That he gave his only Begotten Son, That Whosoever Believeth in him Should Not Perish, But have Everlasting Life. John 3:16kjv Friend, Do you Believe in Jesus Christ Alone for Salvation and the Free Gift of Eternal Life? Yes/No
@MrJinske
@MrJinske Ай бұрын
Your videos and views are going into the crapper, yhe market, viewers, are taking their tume elsewhere. Your day has passed. 500k+ subs and less than 10k view. Game over!!
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