Small Business Show 198 – From the Archives: Gentleman’s Garage on Turo interview

We hope you are enjoying the Thanksgiving holiday with family and friends! That’s what Dave and Shannon are doing this week, so we bring you one of our favorite interviews from last year with Gurjit Sing and Kevin Chou from the Gentleman’s Garage , a Turo based Small Business that focuses on renting exotic cars.
Enjoy the show and we will be back with you next week!
Chapters/Timestamps:

00:00:00 Small Business Show #198 for Wednesday, November 21, 2018
00:01:22 Small Business Show #141 October 18, 2017
00:02:58 Gurjit Singh & Kevin Chou – Using Turo as a Small Business platform
00:05:03 It all starts with two Mustangs … and a BMW
00:05:42 Turo covered the repair!

Shift – online car buying and selling


00:06:53 Beware the damage claims
00:08:04 Think about how people will drive your vehicles
00:09:15 Turo manages the risk
00:10:03 Turo valet service
00:10:37 Each car makes 2-3x monthly payment
00:12:48 The logistics of management
00:14:51 One-way fee
00:15:58 With affluent customers, you’re managing an experience
00:18:34 If you’re going to rent it out, don’t buy new!

Certified Pre-Owned works very well for Turo


00:21:40 Managing the fleet – new cars, selling cars, registrations
00:22:55 The bankers slow you down!
00:26:03 Did making it a business ruin your hobby?
00:27:01 “The cars are still a thrill to drive”

Converting to a membership business


00:29:02 Visit Gurjit and Kevin’s The Gentleman’s Garage on Turo … and Facebook
00:30:15 SBS 141 Outtro

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