Here is a full breakdown of how much I made and my experience on Turo. Let me know what car I should get to try this with next...
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Turo Inc. is an American peer-to-peer carsharing company based in San Francisco, United States. The company allows private car owners to rent out their vehicles via an online and mobile interface in five countries (United States, Canada, United Kingdom, France and Australia)
In July 2019, the American holding company IAC invested $250 million in Turo, a deal that valued the company at more than $1 billion.
Unlike traditional car-rental services, Turo does not own or maintain any cars. The company offers a platform on which car owners can rent their cars.Turo claims that its rental costs are lower compared to traditional car rental services.
People who wish to rent their cars can register their cars online to be rented by other Turo members. The car owner states when and where the car will be available. A Turo member who wants to rent a car reserves a specific time slot for the car online. Turo takes 10 to 40 percent of rental income, depending on the insurance coverage it provides the car owner.
Turo does not require renters to have personal coverage if the renter books a trip with a protection plan provided by Turo. Turo provides up to $750,000 in third party liability insurance from Travelers Insurance in the United States, up to $2 million in Canada, and up to £20 million in the UK, with 5 plans varying in vehicle protection.
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HOW I MADE MONEY RENTING CARS ON TURO!
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