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How the “Turo King” Used One Private Lender to Grow to 42 Cars
Jimmi McCard · the “Turo King” · 42-car fleet
Jimmi McCard grew a 42-car Turo fleet without quitting his day job — and without traditional bank financing. One private lender financed 32 of his vehicles on a structure borrowed from real estate hard-money loans: a payment-free first month to get each car rental-ready, then 12 equal monthly payments. 25 of those loans are already paid off, and he keeps ownership of the vehicles and their future cash flow.
- Why traditional banks were unlikely to finance his strategy
- How he buys vehicles for 30–70 cents on the dollar
- How the 13-month private-credit arrangement is structured
- Why one lender was willing to finance 32 vehicles
- Why he prefers private credit over the traditional co-hosting model
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