Renting your car on Turo can be a great way to earn extra money but it’s important to understand the costs and risks involved.
Turo is a car sharing marketplace where people can rent out their personal vehicles to others. It’s similar to traditional car rental companies but with one key difference: Turo allows people to rent out their own personal vehicles rather than renting from a fleet of vehicles owned by the company.
This can be a great way to earn some extra money but there are a few things you should keep in mind before renting out your car on Turo.
The first thing to consider is the wear and tear that your car will experience. Turo rentals are typically for a day or two which means that your car will be driven more than usual. This can wear down your tires and brakes more quickly and may require more frequent maintenance and repairs.
You’ll also need to factor in the cost of insurance. Turo provides liability insurance for all rentals but you may want to purchase additional coverage depending on the value of your car and your personal insurance policy.
Another thing to keep in mind is that Turo is a marketplace which means that there is some risk involved. You will be dealing with strangers and there is always the possibility that something could go wrong.
Overall renting your car on Turo can be a great way to earn some extra money. Just make sure you understand the costs and risks involved before getting started.
Is it worth it to rent your car on Turo?
While earnings vary depending on your car and location you could make up to $700/month.
Do I need to be present when my car is rented out?
No you can manage your car remotely through the Turo app.
How do I get paid?
You’ll receive payments through direct deposit or PayPal.
How do I know my car is in good hands?
Turo screens all drivers and offers $1 million in liability insurance.
What if something goes wrong?
Turo has a 24/7 support team to help with any issues that may arise.
What kind of cars does Turo accept?
Turo accepts a wide range of cars from economy to luxury.
How old does my car need to be?
Your car must be from the 2005 model year or newer.
Do I need to have a special insurance policy?
Yes you’ll need to have a Turo protection plan or a similar policy.
How much does it cost to list my car on Turo?
It’s free to list your car on Turo.
How do I set my own rental price?
You’ll set your own rental price when you list your car.
Can I rent out my car for short periods of time?
Yes you can rent out your car for as little or as long as you’d like.
Do I need to clean my car before renting it out?
Yes you’ll need to clean your car before each rental.
What if my car needs maintenance?
You can either handle the maintenance yourself or add it into the rental price.
Can I cancel a rental?
Yes you can cancel a rental at any time but you may forfeit your earnings.
What if the renter doesn’t return my car on time?
If the renter doesn’t return your car on time you can charge them a late fee.
