Last Updated on April 24, 2022 by Tracy Jackson
If you’re looking for a way to make some extra money, consider renting out your car on Turo.
Turo is a car rental service website that allows people to rent out their cars to others. You can get paid up to $1000 per month by renting your car on Turo!
In this article, I will teach you how to get started with Turo and make the most money possible by renting out your car.
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Table of Contents
What Is Turo, And How Is It Different From Traditional Car Rental Companies?
Turo is a web and mobile app connecting car owners with people looking for a rental.
Car owners can rent out their vehicles to earn some extra cash, and renters can find affordable, unique cars to rent.
Unlike most traditional car rental companies, Turo offers insurance and roadside assistance for both the car owner and the renter.
How Does Turo Work For Car Owners?
Car owners create a listing for their car on the Turo website or app. Then, they set the price and availability, add photos and a description, and answer any questions that potential renters may have.
Renters browse through the available listings, choose a car, and book it for the dates they need it. Then, they pay the car owner directly through the Turo app or website, and the car owner receives the payment 24 hours after the rental is complete.
What Are The Benefits Of Using Turo Car Rental Service?
There are many benefits of using Turo:
– Earn extra cash by renting out your car when you’re not using it.
– Find affordable, unique cars to rent.
– Get insurance and roadside assistance for both the car owner and the renter.
– Hassle-free experience – Turo takes care of all the paperwork and payments.
How Much Money Can You Make With Turo Car Rental Company?
There is no limit to how much money you can make with Turo. You set the price and availability for your car, and you receive payment 24 hours after the rental is complete.
How much you can make on Turo depends on several factors, including your location, the type of car you’re renting out, and how often you rent out.
However, according to Turo, the average car owner in the United States earns around $600 per month on Turo. So if you’re looking to make a little extra cash, Turo could be an excellent option.
How Do You Get Paid On Turo?
You get paid on Turo every week. Your earnings hit your bank account seven days after the end of the previous week.
For example, if you completed a rental on Saturday, May 12th, your earnings would be deposited into your bank account on Thursday, May 17th.
How To Make Money On Turo – Cons
-You have to pay for your car insurance, which can be expensive
-It can be not easy to find renters during off-peak times
-There is a lot of competition from other rental services
-You need to provide good customer service and respond quickly to inquiries/requests from renters.
-It can be time-consuming to manage your rental schedule and keep track of payments/invoices.
-You need to be comfortable with strangers driving your car.
How To Become A Turo Host
If you’re looking to make some extra money, Turo is a great way. Hosting on Turo is easy and can be a great way to offset the costs of owning a car.
Step 1. Register as a Turo host
To get started, you’ll need to register as a Turo host.
Once you review their terms of service, you will then have access to their online hosting portal, where you can create your listing for your rental vehicle or multiple cars, manage bookings, and track earnings. There is no cost to becoming a Turo host.
Step 2. Go Through The Approval Process
The approval process for becoming a Turo host is straightforward. First, you will need to provide some information about yourself, your car, and your car ownership details and complete a brief inspection of your vehicle.
Turo’s team will review your application and let you know if you are approved to start renting out your car on Turo.
According to Turo’s terms and conditions, you cannot use your vehicle for commercial purposes, such as driving other passengers using Lyft or Uber. However, you can get written permission from Turo’s Legal Department for this.