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💰 Insurance Payouts: The Hidden Game Most Rental Car Owners Don’t Understand
Most people think if their rental car gets into an accident, they only get paid once. That’s not true. When you run a rental agency, an accident can actually pay you in multiple different ways if you know how to move correctly and communicate with insurance. Here are a few things most people don’t realize: 1️⃣ Total Loss Payout If the car is totaled, insurance pays out the market value of the vehicle. 2️⃣ Storage Fees If the vehicle is sitting at a tow yard or body shop, those daily storage fees can be reimbursed. 3️⃣ Rental Reimbursement Since you’re operating a rental agency, you may be compensated for a replacement rental vehicle. 4️⃣ Loss of Use Your car normally produces income. Insurance can compensate you for the income the car would have generated while it’s down. 5️⃣ Diminished Value Claim Even after repair, the vehicle is worth less because it has accident history. You can file a diminished value claim for the lost value. 6️⃣ Salvage Strategy Sometimes you can: • Keep the car • Get paid from insurance • Fix it through your mechanic relationship • Put it back on the road • And still use the payout to buy another car. That’s how experienced operators turn a problem into an opportunity.
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There’s More Than One Solution 🚘📈
One of the biggest things that holds people back from getting started is thinking they need all the capital upfront. You don’t. There are multiple ways to build proof of concept and scale without owning a car outright. You can: - Work with friends or family who already have a vehicle sitting or unused - Partner with someone who has capital and is open to investing when the offer makes sense - Structure a simple investor agreement so expectations are clear on both sides - Focus on learning proper insurance + operations so the vehicle is protected and run correctly Investors are everywhere — sometimes they’re closer than you think. Most people just don’t know how to present the opportunity. When you understand the numbers, the protection, and the process, you can confidently make an offer that benefits both sides. And if you’re not ready to partner yet, that’s okay too. The key is not staying stuck because you think you can’t move without capital.
⚙️ Operator Standard: Risk, Deposits & Automation
If you’re not ready to handle out-of-pocket expenses, you have three real options — not excuses. Option 1️⃣: Charge a Deposit You can: - Charge a $500–$1,000 security deposit - Clearly outline it in your contract - Use it strictly for damage, abuse, or violations This protects cash flow and keeps decision-making in your control. Option 2️⃣: Contractual Damage Minimum Your agreement should state: - The renter is responsible for the first $500–$1,000 in damages - Anything above that is handled at your discretion As the operator, you decide when insurance gets involved — not the renter. Option 3️⃣: Insurance for Worst-Case Scenarios You should always have proper insurance in place to cover: - Total losses - Major accidents - Legal exposure But here’s the truth 👇 Insurance is for protection, not speed. 💡 My Recommendation (Fastest ROI) For $3K–$5K economy cars, the fastest return on investment comes from: - Handling $2,000–$3,000 repairs out-of-pocket - Avoiding long claim timelines - Getting the car back earning immediately Speed > squeezing every dollar. 🚦Not Ready for Any of This Yet? That’s okay — but be honest with yourself. If you: - Don’t have repair reserves - Don’t want renter confrontation - Don’t want operational decisions 👉 Start on Turo. It’s automated. It limits exposure. It buys you time to learn. When you’re ready to operate privately, you’ll know. 💬 Discussion: Where are you right now? 1️⃣ Out-of-pocket ready 2️⃣ Deposit + contract stage 3️⃣ Fully automated (Turo) Drop your number 👇
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🧠 The Shift That Changes Everything
Read this slowly. Most people don’t fail because the business doesn’t work. They fail because they never stop thinking like an employee. An employee asks: - “Is this guaranteed?” - “What if it doesn’t work?” - “How fast will I get paid?” An owner asks: - “What system produces results?” - “How many times can I run this?” - “Who do I need to become to manage this?” Here’s the truth most won’t tell you: You don’t build income first. You build capacity first. Capacity to: • handle delayed gratification • reinvest instead of withdraw • stay consistent when it’s boring • operate without applause That’s why one car turns into five. That’s why one listing turns into leads daily. That’s why some people scale… and most stall. Mindset check for today: Are you trying to get paid… or are you trying to build something that pays you repeatedly? Drop a 🔒 if you’re committed to thinking long-term.
Create Your Own Economy With Economies 🚘📈
Most people are trying to “get ready” before they start. Perfect credit. Perfect car. Perfect situation. That’s why they stay stuck. The rental car game rewards execution, not perfection. If someone in here got a $3K–$5K car this month and followed the exact system: • Listed it correctly • Targeted gig drivers • Used the scripts • Stayed consistent That ONE car could realistically do $800–$1,200/month+. That’s not “car money.” That’s freedom money. Because now: You don’t need your job the same way. You don’t look at bills the same way. You don’t think small anymore. That first car isn’t income. It’s proof of concept that changes your identity.
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