Andrei Echeverria turned his passion for upselling cars into a lucrative side hustle. Now, he brings in nearly six figures a year renting his cars out on Turo.
When Echeverria was 16, his mom helped him finance a forest green 2002 Honda Civic. But it wasn't solely for driving: Echeverria wanted to work on the car in his family's garage, sell it and use the money to buy a Nissan 350Z.
In November 2019, Echeverria bought a third car, a Mercedes-Benz, with a $10,000 down payment and $17,000 loan, he says. With three cars on Turo, Echeverria says he brought in about $3,500 per month. He probably paid a premium: Used cars were a hot market in 2021, up 28% from 2020 and 47% from 2019, according toBut it paid off, he says. As Americans began traveling again, demand for rentals skyrocketed. Even with the additional cars, Echeverria found himself overbooked.
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