Fleet financing built for Turo hosts in Miami & Florida

Two reasons. First, these are business-purpose loans — lending to your LLC, with the vehicles titled in the LLC's name, keeps the structure clean and commercial for both of us. Second, it's genuinely better for you: an LLC separates your fleet's liabilities from your personal assets. If you don't have one, we'll walk you through the Florida filing — it typically takes 1–2 days and about $125. You'll still sign a personal guarantee, which is standard for small-business lending.

Here's the honest version most hosts learn the hard way: Turo's protection only applies during an active trip, and your personal auto policy almost certainly excludes a car listed on Turo. That leaves theft, vandalism, hurricanes, and the drive to the car wash completely uncovered. So we require a commercial/P2P off-trip policy (comp & collision, deductible $1,000 or less) with us listed as loss payee, plus keeping a low-deductible Turo plan. We'll connect you with providers who specialize in exactly this — Tint (a Turo partner) or ABI — typically roughly $97–$200 per vehicle per month. It protects your business as much as our collateral.

We record a standard first lien on each financed vehicle's electronic title with the Florida DMV (FLHSMV) — the same thing any bank or credit union does on a financed car. You keep the car, you keep hosting, you keep all the income. The title stays electronic; we never take physical possession of anything. We also file a UCC-1 covering the business's rental receivables. When you pay off the loan, the lien is released electronically, usually within a couple of days.

Full disclosure, in writing, before you sign: each financed vehicle gets a GPS unit (hardware on us). We use it to monitor collateral location and mileage — that's it. We don't watch your guests, we don't sell data, and the starter-interrupt feature is never used while a car is moving and never during an active Turo trip, period. It only becomes relevant after a documented default with written notice. Bonus: the insurers we work with require GPS anyway, so one device satisfies both.

Honestly: it's the biggest risk in this business, and pretending otherwise helps no one. The loan doesn't disappear — but you get a 7-day window to cure a delisting before anything escalates, and our first move is a phone call, not a default letter. If the suspension is permanent, we'll work the realistic options with you: re-list under compliant terms, deploy the cars to another permitted use, or sell vehicles to pay the loan down. Hosts who call us on day one always end up in a better place than hosts who go quiet. (It's also why we only lend to 4.8+ hosts — bans at that tier are rare.)

Yes, any time, zero prepayment penalty. Interest is simple and accrues only while the balance is outstanding — pay off in month 14 of a 48-month loan and you simply never pay the other 34 months of interest. Great season? Throw the extra at the balance.

A fixed rate of 15.5–17.9% APR-equivalent, set by your file strength, and zero points or origination fees. The only other costs are real third-party expenses, passed through at cost with receipts — title lien recording, UCC filing, credit/background reports, and GPS hardware — roughly $500 per vehicle, itemized line by line on your term sheet. Concrete example: a $22,500 loan against a $30,000-wholesale vehicle at 16% over 48 months runs about $638/month, fully amortizing to zero.

Try them — seriously, we'd rather you compare. Banks usually decline because platform income doesn't fit their W-2 box, regardless of how strong your payouts are. National fleet lenders run a formula. We're Miami-based, we underwrite your actual trailing payouts with a stress test, we publish our criteria, and the person who reads your file is the person who answers your call. If we're not the best offer you get, take the better one.