Yes, you can make money with Turo. In fact, many people use Turo as a full-time or part-time job to earn extra income. In 2022, the average Turo host earned over $7,000 per year. However, your earnings will vary depending on a number of factors, such as the type of car you have, the location where you live, and the demand for cars in your area.
How does Turo work?
Turo is a peer-to-peer car sharing platform that allows people to rent out their cars to others. To get started, you simply create an account and list your car for rent. You can set your own price and availability. Once your car is listed, potential renters can browse and book your car through the Turo website or app.
How much can I make with Turo?
The amount you can make with Turo depends on a number of factors, including the type of car you have, the location where you live, and the demand for cars in your area. According to Turo, the average Turo host earned over $7,000 per year in 2022. However, some hosts earn much more, and others earn less.
For example, if you live in a popular tourist destination and have a car that is in high demand, such as a Jeep or convertible, you can expect to earn more than a host who lives in a rural area and has a less popular car.
How to maximize your earnings on Turo
Here are a few tips for maximizing your earnings on Turo:
- List a popular car. Cars that are in high demand, such as SUVs, minivans, and convertibles, tend to earn more on Turo.
- Set competitive prices. You can use the Turo pricing tool to see what other hosts in your area are charging for similar cars.
- Make your car available. The more often your car is available, the more likely it is to be rented.
- Offer extras. Extras such as child safety seats, ski racks, and GPS devices can make your car more attractive to renters.
- Get good reviews. Encourage renters to leave you positive reviews. Good reviews will help you attract more renters and earn more money.
FAQs About Can You Make Money With Turo
Q: What are the fees associated with Turo?
Turo charges a service fee of 25% of the rental price. Renters are also responsible for paying a protection plan fee, which is a damage waiver that covers the car in case of an accident.
Q: What are the risks of renting out my car on Turo?
There are a few risks associated with renting out your car on Turo, including the risk of damage or theft. However, Turo offers a number of protections to hosts, such as a damage waiver and liability insurance.
Q: Is Turo worth it?
Whether or not Turo is worth it for you depends on a number of factors, such as the type of car you have, the location where you live, and how much time and effort you are willing to put into it. If you have a car that is in high demand and you are willing to put in the time to manage your listings and clean and maintain your car, then Turo can be a great way to make extra money.
Conclusion-Can You Make Money With Turo
Turo is a legitimate way to make money, but it is important to understand the risks involved. If you are considering renting out your car on Turo, be sure to do your research and understand the fees and protections that are offered.