With a chip shortage for vehicles and lack of travel during the pandemic, rental car companies look slightly different these days. Vehicles are in short supply and rental prices are up. Enter a new option, Turo. “Right now with rental cars being so expensive, low inventory on vehicles, it’s ridiculous,” said Michael Mourgides.Mourgides owns a downtown West Palm Beach business and decided to try Turo to rent a car for a Miami date night. “You find a vehicle in the app and you reserve it,” he said.Mourgides picked a fancy car, but there are sedans, SUVs and mini-vans. He had a friend who rented at the site for a family vacation. Stay informed: Local coverage from WPBF 25 News”He went on Turo and got a car for $20 a day,” said Mourgides. Here is how it works. You log onto the site, pick your city location and up pops people who are renting out their vehicles. You choose a car and a protection plan. Then you coordinate a place to meet to get the keys. “We went around the car to make sure everything was ok,” Mourgides said as he explained how he and the car’s owner took a lot of pictures. But how do you know if you are renting a good car from a reliable person? Like many online businesses, there is a rating system. “With the rating system, if you don’t have a very good vehicle, people aren’t going to rent from you because your rating goes down. It’s almost like checks and balances,” Mourgides said. Around the country: National coverage from WPBF 25 NewsWhether you use it to rent or rent out your vehicle, some argue it’s changing the industry. “It’s changing the way people are able to subsidies their income, to pay their bills, especially with inflation going up,” Mourgides said. “I always thought of vehicles as depreciating in value, but after renting the McLearan, you can make money off the vehicle while enjoying the vehicle at the same time.” It’s suggested you check with our insurance company to see if your insurance covers rentals before you rent online.
With a chip shortage for vehicles and lack of travel during the pandemic, rental car companies look slightly different these days. Vehicles are in short supply and rental prices are up.
Enter a new option, Turo.
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“Right now with rental cars being so expensive, low inventory on vehicles, it’s ridiculous,” said Michael Mourgides.
Mourgides owns a downtown West Palm Beach business and decided to try Turo to rent a car for a Miami date night.
“You find a vehicle in the app and you reserve it,” he said.
Mourgides picked a fancy car, but there are sedans, SUVs and mini-vans. He had a friend who rented at the site for a family vacation.
Stay informed: Local coverage from WPBF 25 News
“He went on Turo and got a car for $20 a day,” said Mourgides.
Here is how it works. You log onto the site, pick your city location and up pops people who are renting out their vehicles. You choose a car and a protection plan. Then you coordinate a place to meet to get the keys.
“We went around the car to make sure everything was ok,” Mourgides said as he explained how he and the car’s owner took a lot of pictures.
But how do you know if you are renting a good car from a reliable person? Like many online businesses, there is a rating system.
“With the rating system, if you don’t have a very good vehicle, people aren’t going to rent from you because your rating goes down. It’s almost like checks and balances,” Mourgides said.
Around the country: National coverage from WPBF 25 News
Whether you use it to rent or rent out your vehicle, some argue it’s changing the industry.
“It’s changing the way people are able to subsidies their income, to pay their bills, especially with inflation going up,” Mourgides said. “I always thought of vehicles as depreciating in value, but after renting the McLearan, you can make money off the vehicle while enjoying the vehicle at the same time.”
It’s suggested you check with our insurance company to see if your insurance covers rentals before you rent online.
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