I've been in the market for a used electric vehicle to rent it out on Turo and drive when its not being rented out. Since it's so hot in Phoenix, AZ, I didn't want to buy a Nissan Leaf (or MiEV) because of the battery issues here, therefore, I told myself that I would buy any electric car with active battery cooling when the price was $6,000 or less. Lo and behold, Smart Electric cars have been coming off their leases and being sold for rock-bottom prices at auctions in California. I was able to pick one up in great condition for $5,900 (plus tax / registration) last week. Even though it takes like 12 seconds to go from 0-16, this thing is super fun to drive. My girlfriend likens it to driving a golf cart. I have been driving it to work over the past week and originally had some range anxiety (because of its 65 mile range) but only after one week I no longer carry that anxiety. For instance, today I ran a bunch of errands putting me at 60 miles but the car handled it beautifully with no problems. Now that I'm on the lookout for charging stations, I was able to get some free juice at a Whole Foods Market. If you want a 3-year old (new to you) car for under $8,000 this car is great. On to the original point of this thread: It is my plan to list this car on Turo next week to see how much income I can gain from renting this car out. From my calculation, if I list the car at $23 per day, I would need to rent the car out 4 times per month to pay for the insurance/cleaning fees.Turo takes a 25% cut from the rental cost to insure the vehicle and vet the renters. 23*75% = $17.25 per day in my pocket.To get a complete return on my investment, I would need to rent out the vehicle another 347 days over and above the 4 day per month I need to pay for insurance.If I rent out 13 days per month, car is "paid off" after 3 years.If i rent out 17 days per month, car is "paid off" after 2 years.Furthermore, my payoff time will be faster if I choose to drive electric vs my gas car.25 mpg @ $2.25 per gallon yields $0.09 / mile3.3 miles per kWhr @ $0.05 per kWhr yields $0.015 / mileI save 7.5 cents per mile just on the cost of propellant. Assume I exchange 6000 miles over the coming year, I will save $450 which knocks off 7.5% of the car price. Anyways, I plan to update this post as I list the car on Turo and start renting it out. I know Turo can help some of us with the cost of the Model 3 and I'm testing it out with a cheaper car to see if its worth putting my Tesla Model 3 on the website for rent.