Do you enjoy utilizing convenient ridesharing partners, such as Uber or Lyft?
If so, have you ever wished you were the one behind the wheel instead of a complete stranger?
Commonly dubbed the “Airbnb of cars,” Turo is a peer-to-peer car-sharing company where the traditional car rental counter is now a thing of the past.
At the touch of a button (or two) you can book an ideal vehicle to accommodate your travel needs.
Below you’ll learn not only about Turo’s guidelines for both hosts and guests, but you’ll discover all its distinctive features, pricing margins, and levels of profitability for listers and drivers alike.
For a well-rounded analysis, some common advantages and disadvantages are also briefly discussed so readers can be rightfully informed before making any listing or booking decisions.
Keep reading so you can take matters (or should I say miles) into your own hands.
Turo claims that they are better than rental cars, as they have a huge pool of cars made available by local hosts that the customers can hire at their own convenience.
Guests can choose whichever car they want, wherever they want it from the available pool, and enjoy the ride for the booked time.
The Turo community has over 10 million people and over 350,000 vehicles are listed. Whatever your need might be, Turo will have a solution to offer so it can make your life easier and more convenient.
How Does Turo Work?
Though not exactly the same, Turo works on a similar principle to Airbnb, since hosts can offer their cars for rent and guests can choose which car they want to ride in.
Turo helps in bringing hosts and guests together so both parties can have a fruitful experience.
The hosts will earn money by renting out their cars and the guests can get the best of the cars without having to stand in line for a rental. Turo is one of many great ways to make money with your car.
How Turo Works for Hosts
For those interested in hosting with Turo, important items to address are listed below.
Remember, you earn on the basis of the vehicle and the duration for which the vehicle has been booked:
- Host Eligibility: Ensure all eligibility requirements are met, such as being 21 years of age or older (at least 25 years of age in the UK) and having a valid, state-issued driver’s license. Specific maintenance, safety, and legal requirements must also be satisfied.
- Vehicle Listing: Accurately describe the vehicle, upload some clean photos, and keep the calendar updated so guests know the vehicle’s availability. Certain vehicles are ineligible for listing, such as motorcycles, RVs, or limousines.
- Vehicle Delivery: Deliver the vehicle to the guest at the airport or their desired location. You can even have them pick up the vehicle from your location – it’s your choice.
- Guest Compliance: Check the guest’s license and inform them about your vehicle. When the guest’s trip ends, check if everything is in the same condition as when you delivered the vehicle.
- Booking Confirmation: Look out for incoming notifications to see if any guest is trying to book your vehicle. Hosts have the option to confirm or decline trips within an eight-hour window.
Pro Tip – take good pictures for documentation purposes. They will come in handy if you need to report any vehicle damage or dispute a reimbursement request.
How Turo Works for Guests
For those interested in booking with Turo, important first steps are outlined below:
- Guest Registration: Sign up for Turo using your Facebook account or via email. Turo confirms your identity and approves you before you’re considered a driver in their database.
- Vehicle Identification: Enter your location, travel dates, and duration to search for your desired vehicle. Peruse the listings available on Turo based on specific filters, such as vehicle make and model, price, or even mileage.
- Host Confirmation: Wait for the host (has up to eight hours) to accept or decline your reservation after you’ve booked a vehicle. Any vehicles with a ‘Book Instantly’ badge can be booked immediately. You’ll be notified of your confirmed booking via text message, email, or app notification. If the host doesn’t respond or you withdraw your request before the host responds, you can submit a new request. But, you can only submit one trip request per a specific travel duration.
- Vehicle Pick-Up: Pick up the vehicle from the airport or a location that you specify. You might have to go to the host’s location to pick up the vehicle. You’ll need to present a valid, state-issued driver’s license to drive your booked vehicle. Once you pick up the vehicle, your billable hours begin. It’s advised to not extend those hours and return the vehicle in the stipulated time, as it can incur unwanted late fees.
- Vehicle Documentation: Take good photos for documentation purposes in case you have to dispute vehicle damages. Remember, the vehicle must be returned in its original condition. You’ll also need to refuel the vehicle before returning it – if the fuel tank was completely full when you picked up the car, you must supply a full tank of gas for your host.
Features of Turo
Some of the key features of Turo worth discussing are listed below:
Variety of Vehicles
Turo boasts a collection of choicest vehicles, as they claim to offer every vehicle for every need. Be it a road trip or moving day, if you need a vehicle of a particular kind, it won’t be hard to find.
Turo’s large pool of vehicles exists only because of its large community of hosts.
For Turo hosts, their vehicles are insured against any kind of physical damage or theft. It gives them a big sigh of relief to know their vehicle is insured and they can trust the company with their possession.
According to Turo’s website, hosts are covered with up to $1 million in liability insurance.
Turo ensures you can feel confident in their standard insurance offerings by giving you the opportunity to choose an insurance protection package that’s perfect for you and your trip needs during the booking process.
This is an upcoming feature of Turo where a host can remotely unlock their car and the guest can then access it.
This is pitched as an attractive feature as hosts can earn more money with their vehicles making more trips. Geolocating the vehicle is also an added advantage of this new feature.
You must ensure that the Turo Go application is both downloaded and updated on your mobile device before utilizing Turo Go service vehicles.
If you’re interested in joining the movement and listing your own vehicle, Turo does offer a “Carculator” or car calculator on its website that suggests earnings projections based on the year, make, model, and general location of your vehicle.
This unique database calculates the hypothetical amount of days you can be booked per month, along with average earnings per month or per day (in USD). It even calculates the estimated value of your vehicle, in case you were wondering.
Turo is one of the best apps for rideshare drivers with its helpful features for owners and renters.
Pricing at Turo for Hosts
Hosts at Turo can earn a lot by renting out their vehicle. If you are a host, you can choose the number of days in a month for which you want to rent your vehicle.
For example, if your vehicle is valued at $50,000 USD and you rent it out for 20 days in a month, you can possibly earn $21,155 USD in a year. Or, if your vehicle is valued at $36,000 USD and you rent it out for 5 days in a month, you can earn almost $3,821 in a year.
Turo can also set the price point for your vehicle depending on your location, vehicle make, time of the year, and market value, in addition to other such factors.
Turo promises to give you direct deposit within 5 days after your vehicle has been returned. You can earn 65% to 85% of the total trip price depending on the protection package you choose.
You can also decide to waive off the protection package and get your own commercial rental insurance. By doing this, you can earn 90% of the trip price.
Pricing at Turo for Guests
Guests can choose the vehicle that fits their budget and is available at their desired time.
Before booking, though, you must read the fine print and note all the late fees or fines that can be incurred while the vehicle is in your possession.
If you need to modify your trip duration in any way or wish to return the car earlier, simply submit a Trip Modification Request through the application. Then, wait for your host to approve the requested changes.
Pros of Turo
Turo is a great service for both hosts and guests. Some of the main advantages of Turo include:
- No Fixed Payment: There isn’t a fixed monthly fee a host must pay to stay a part of Turo. There is no buy-in as well, so the host doesn’t have to pay any money to get their vehicle rented out.
- Great Benefits: For hosts, Turo is a way of making your vehicle an extra earning member. If you have a spare car that you don’t use much, this is the best way to utilize it. You also have the option of renting your own car for a few days a month.
- App Availability: We live in the era of Uber, and availability of a mobile service is more than necessary. Turo is available on both iPhone and Android so guests can find the nearest possible vehicle according to their specifications.
- Tourists: Turo is perfectly appropriate for business travelers and tourists, helping you get from one place to another swiftly. For travelers, this marks a sign of leisure, as they can drive around and explore their current destination.
- 24/7 Assistance: Turo provides 24/7 assistance to its guests in the US. In case of any trouble or an emergency, guests can be assured that they will get roadside assistance as soon as possible.
Cons of Turo
While Turo looks like a great service, you must read through these disadvantages of Turo as well. Some of the main cons of Turo are:
- Strict Policies: Turo has a strict policy when it comes to smoking. A guest can be removed from the Turo community if the host complains of smoking in the vehicle. For pets, the guest has to check with and inform the host beforehand if they have a pet they want to travel with.
- Significant Fine: Turo is strict with its policies, so every time you return a vehicle a little late or are not in the clear with the parking zone or any policy applied by the company, a significant fee is implied on you as a guest.
- Commercial Rental Insurance: For hosts, if you aren’t insured with the Turo community, you may deal with a lot of problems on your own. These problems may include any accidents, any harm done to the vehicle by the guest, or any injury the guest might incur while riding in your vehicle.
Wrapping Things Up
You should now feel more knowledgable about Turo, its services, and how Turo offers a unique riding opportunity compared to other ridesharing partners, such as HyreCar or Uber.
Instead of paying someone else to drive you to your desired destination, why not take control of the wheel yourself and rent a real car from a real vehicle owner? It’s like your car away from home, but maybe a little fancier (depending on which car you book).
With choice service offerings, ranging from 24/7 roadside assistance (in the US) and a myriad of reliable vehicles to choose from to a large community following, Turo just may be turning the modern concept of ridesharing on its head.
There’s nothing to lose other than banking some extra cash or exploring a new destination in the comfort of a vehicle you chose and booked on your own time and on your own dime.