Turo is one of the newest forms of car rental services right now. So, what’s Turo and why should you rent out your car using this service in the first place?
Turo – A Quick Definition
The best way to describe Turo is that it is the Airbnb of cars. Instead of looking for big rental companies when renting a car, people will be able to rent cars from private individuals. Average hosts on Turo can earn up to $545 a month using the platform.
The motto of Turo is to let your car work for you. This is one interesting way to earn some cash as you offset the cost of your vehicle payments. This can also be considered as a passive source of extra income. It means that you won’t have to trade time for money. All you have to do is list your vehicle when it is available then earn some extra money with the least work and effort on your part.
How Turo Works
Turo can be found in 2,500 cities in the USA including 300 airports. Average owners in the community of Turo US can earn significant income and on the part of renters, the cost is up to 30% lower compared to average rental agencies. This concept is currently being exported to Quebec, Ontario, and Alberta.
For you to rent on Turo, the first thing you have to do is sign up on the platform. They check and validate first all drivers and car owners before they are allowed to rent from the marketplace. Car owners can set the price, information, and location of the car. Travelers can browse through all the available cars and check the ratings and comments of other users. There are also owners that provide pick-up and some even deliver.
Why Rent Your Car Out on Turo?
The following are some of the top benefits of renting your vehicle out on Turo:
- The app and website is easy and simple to use.
Turo’s interface is very user-friendly and this is what makes it very simple to navigate the website for bookings, getting paid, editing listings, messages, and more.
- You can get good 24/7 phone support even for the smallest things.
Turo got reliable phone support available 24/7 even for common things like late returns or billing queries. However, if it is anything that is more serious like a damage claim, for example, the company doesn’t offer phone support for it.
- You will have plenty of bookings.
Since Turo has now become very popular, you can consider yourself lucky, especially if you are living near the airport or in a major city. As long as your vehicle has open availability and comes with a fair price, you could expect that your car will be booked more often. To get a good idea of how much you will earn from your car, you can use Turo’s Calculator based on your vehicle’s make, model, and year and city you are renting from.