We had the chance to catch up with Chris Murphy, who began lending four box trucks on Fluid six months ago. Chris, a Denver-based mortgage lender and a liquor store owner, decided to buy box trucks to lend on Fluid as he saw synergistic opportunities with his existing businesses. In the near term, Chris was interested in generating cash by renting out his box trucks to the Fluid community, while longer term, he aims to integrate the trucks into his business models by providing moving and delivery services for his customers.
Chris earns about $900 per month per truck, for a total of over $3500 each month — that’s more than $42,000 annually. What’s most important for Chris? His investment in renting trucks on Fluid doesn’t cost him a significant amount of his own time. He finds it easy to communicate with borrowers through the in-app messaging feature, and receives great customer care support from the Fluid team. Chris is also seeing several repeat customers, including moving companies who need to increase their own fleets. He keeps his trucks parked in high profile locations, ensuring their accessibility for borrowers.
“Lending trucks on Fluid has been a super profitable experience for me, putting over $3500 in my pocket each month. The best part? I put in about the same amount of time I do on my Fantasy Football app,” said Chris Murphy, Fluid lender. “The Fluid team has helped me at each step of the way — from sourcing the vehicles, to maintenance, to customer care — allowing me to save valuable time. Given the demand from borrowers I’m seeing, I’d like to expand my fleet on Fluid — if I can make it work for four trucks, I can make it work for 100 trucks.”
Listing your vehicle on Fluid takes less than ten minutes and can put thousands of dollars in your pocket each year. Interested in learning how you can get started? Check out our lender success page and connect with us: firstname.lastname@example.org