![]() ![]() According to its official website, Turo takes between 15 to 40 percent of a single booking. Another main disadvantage of Turo is its large commission fee. Hosts who fail to comply with this agreement could be charged a fine or have their accounts closed. Such an agreement can be a disadvantage if you plan to work with other car-sharing platforms. This means that all cars listed on Turo cannot be listed elsewhere for rent. You have just 24 hours to report any damages to your vehicle, so you need to give yourself time to inspect. You need to take photos before the renter takes the vehicle and after they return it. While Turo offers insurance for your vehicle, there is a short time frame to make claims for damages. If you sign up, be aware that your car will get worn out faster than if you keep it for personal use. This means that your car could wear out faster. As noted earlier, wear and tear is not covered by all insurance plans. » MORE: Web Designer Salary Cons of Working on Turo You can simply register on the website and list your vehicle. There is no background check fee or any similar charge. To register on Turo, you do not need to pay any fee. You can also set up rules for rental and the car’s availability so it does not clash with your personal use. You can use features such as editing listings, messages, bookings, and payment with ease. The interface is user-friendly and very simple to navigate. If your vehicle offers certain amenities and is good for off-road travel, you may also get a lot of bookings as well. Cars with affordable prices get booked more often. The service is quite popular, and you can get a lot of bookings if you live near an airport or a major city. This liability insurance covers hosts if renters damage property or cause bodily harm to other road users while driving. The company offers five insurance plans for vehicles on the platform. Another benefit of Turo is its insurance protection from Liberty Mutual. ![]() All you need to do is list the car and you’ll be paid by renters to use it. A passive income means you don’t need to make any effort or dedicate time to make money on the platform. Working on Turo allows you to make money without working actively. However, there are some cons that you need to consider as well before deciding to work on Turo. It is easy and can be a good way for your car to pay for itself. There are a lot of benefits of working on Turo. The more days per month that your car gets booked, the more money you can earn. Hosts with Chevy Camaros earn an average of $73 per day, and this means they can get around $755 on average per month. Hosts with a Fiat 500 earn an average of $474 per month. Other examples from the same Turo report linked above show vastly different earnings between car types. To get an accurate idea of what you can earn, Turo offers a “Carculator” where you can input your car model, manufacturer, and location for an estimate. The amount depends on your vehicle and type of insurance, with the Porche Boxter earning the highest. How Much Can You Actually Make on Turo?Īccording to Turo’s official website, the highest earnings are about $1,365 per month. Turo hosts can choose different plans that dictate what percentage goes to them and what goes back to Turo. ![]() Hosts register and wait for requests for their vehicles. Renters only need to download the app on Android or iOS or visit the website to search for vehicles near them. ![]() Turo connects local car owners to people who want to rent a vehicle in the area. It also allows renters under 25 years of age to hire vehicles, unlike traditional car rental companies. The service is available in the US, Canada, the UK, and Germany. Turo helps people rent all different kinds of vehicles, including Teslas, pickup trucks, saloon cars, and even luxury vehicles. If you’re going on a long trip or have a second car you don’t use often, hosting on Turo is a good way to make money on the side. This also allows renters quick and convenient access to vehicles of different types at cheap rates. It allows car owners to rent out their vehicles for some extra cash. Turo is a popular peer-to-peer vehicle-sharing platform. Access exclusive scholarships and prep coursesīy continuing you agree to our Terms of Service and Privacy Policy, and you consent to receive offers and opportunities from Career Karma by telephone, text message, and email.Career Karma matches you with top tech bootcamps. ![]()
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