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Prospective Turo host here: what banks will finance a car used for rentals?
| Master Purchase Agreement | 07/31/25 |
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Date: July 31st, 2025 12:35 PM Author: Master Purchase Agreement (No Future) I recently went to my local BECU branch and explained to them my business plan, which is to finance a vehicle specifically for use on this app, and list it as as an asset under an LLC I plan to create, to protect against unnecessary legal exposure should something crazy happen. The representative informed me that they do not finance vehicles that they know are going to be used for rental purposes due to the increased risk, so I am currently looking around for a bank that will lend for this purpose at a decent interest rate.
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