Investing in P2P Car Sharing by renting semi-new cars

by maschera84. Posted on Sep 09, 2020    1

Car sharing is a fairly new concept where I live, however it is becoming really popular.

I'm considering buying a semi-new car and advertise it. I have done my research already on the type of car and the estimated ROI based on revenue / costs - this comes down to 30% a year, not bad if you build a small fleet.

Now, I know that cars are not an investment, however they could be an interesting way to generate cashflow. And if you sell them after a year or so, the risks of ownership should be minimized.

Wondering if there is anyone involved in this business? How did it work out for you? What pitfalls do you believe I might encounter?